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The Best And The Worst Tech Stocks Of 2022 (So Far)

Rick Whiting

It’s been a rough six months for stock markets and IT stocks have been hit particularly hard. Here’s a look at the (few) companies whose share price increased in the first half of 2022 and the 10 companies with the biggest share price declines.

Gainers No. 3: Check Point Software Technologies

CEO: Gil Shwed

Jan. 3, 2022, Opening: $115.95

June 30, 2022, Close: $121.78

Change: +5.03%

In February cybersecurity platform developer Check Point Software Technologies reported that revenue grew 5 percent in 2021 to $2.17 billion. But net income for the year declined nearly 4 percent year over year to $815.6 million.

In April the company reported that revenue in its first quarter ended March 31 grew 7 percent year over year to $543 million. Net income, however, declined by more than 7 percent to $169.4 million.

Check Point’s market capitalization stood at $15.6 billion as of June 30.

 

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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