Welcome to our dedicated page for Check Point Software Technologies news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Technologies stock.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) is a global leader in network cybersecurity, specializing in delivering cutting-edge solutions to protect enterprises from a wide array of cyber threats. Founded in 1993 and headquartered in Tel Aviv, Israel, Check Point has grown to become the largest network cybersecurity vendor in the world, safeguarding over 100,000 organizations of all sizes across multiple industries.
Check Point's comprehensive security solutions encompass network, endpoint, cloud, and mobile security, fortified by its innovative AI-powered Infinity platform. This platform integrates technologies such as Check Point Harmony for workspace security, Check Point CloudGuard for cloud security, and Check Point Quantum for network security, all managed through Check Point Infinity Core Services for collaborative security operations.
Recent achievements include the launch of Quantum Spark next-generation firewalls designed to provide SMBs with robust AI-powered threat prevention and automated security management. These firewalls offer up to 5 Gbps of threat prevention performance and a 99.8% block rate against zero-day malware, phishing, and ransomware.
Financially, Check Point has demonstrated strong performance with impressive growth metrics. In the fourth quarter of 2023, the company achieved a 14% non-GAAP EPS growth and a non-GAAP operating margin of 45%, showcasing its efficient operational framework and strong market position. Additionally, the firm's Infinity platform has driven substantial subscription revenue growth, reflecting increasing customer adoption and trust.
Check Point's global footprint is supported by strategic partnerships and a robust ecosystem of Managed Service Providers (MSPs) that are crucial in delivering tailored cybersecurity solutions to small and medium-sized businesses (SMBs). By 2025, MSPs are expected to represent 40% of SMB cybersecurity expenditures, underscoring their vital role in the cybersecurity landscape.
In response to the evolving cyber threat landscape and the increasing complexity of securing AI-driven environments, Check Point has introduced AI Cloud Protect in collaboration with NVIDIA. This solution is designed to secure AI workloads in the cloud, providing comprehensive protection against sophisticated cyber threats.
As Check Point marks its 30th anniversary, the company is poised for continued innovation and growth. Founder and CEO Gil Shwed is transitioning to the role of Executive Chairman, ensuring a seamless succession process as the company embarks on its next chapter.
For more details on Check Point's latest products and financial performance, visit www.checkpoint.com.
Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a leader in G2’s Grid® Report for Firewall Software. The report reflects users' satisfaction and market presence, with approximately 940 customers giving high ratings. Check Point's focus on integrating cloud and on-premise security enhances performance, and its Quantum platform offers advanced threat prevention. Notably, 90% of users recommend Check Point Next Generation Firewalls. The company is positioned to support the hybrid work environment with real-time threat intelligence and scalable security solutions.
Check Point Research has released its Global Threat Index for September 2021, highlighting that Trickbot has regained its position as the most prevalent malware, impacting 4% of organizations globally. Meanwhile, njRAT enters the top ten for the first time. Following the January takedown of Emotet, Trickbot has become increasingly popular, adapting with new capabilities. The report also reveals a significant 40% increase in attacks compared to 2020. Additionally, Web Server Exposed Git Repository Information Disclosure is the top exploited vulnerability, affecting 44% of organizations.
Rosie Labs, a New York City-based marketing collaborative, has launched a new branch in Tel Aviv to assist Israeli companies in entering the U.S. market. This new expansion is led by Ronit Druker, an expert in marketing and management, with experience from CheckPoint and Payoneer. The launch aims to bridge the geographical gap for Israeli tech firms seeking growth in the U.S. market. Additionally, Shauna Lagatol has been appointed to lead global operations, leveraging her extensive background in brand strategy to enhance service offerings for clients.
Check Point Software Technologies (NASDAQ: CHKP) reports a significant rise in cyberattacks globally, with a 40% increase in weekly attacks in 2021 compared to 2020. The average weekly attacks peaked in September 2021 at over 870 per organization. Africa remains the most targeted, averaging 1,615 attacks weekly. The Education sector experiences the highest attacks, averaging 1,468 weekly. Additionally, 1 in 61 organizations worldwide is impacted by ransomware each week, a 9% increase from 2020.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced it will release its third quarter financial results on October 28, 2021, before U.S. market opening. Management will host a video conference call at 8:30 AM EDT to discuss the results. Investors can access the live webcast on the company's website. Check Point is a leading provider of cyber security solutions, protecting over 100,000 organizations globally.
The recent alliance between Alkira and Check Point Software Technologies (CHKP) aims to enhance cloud security solutions for enterprises. By integrating Check Point's CloudGuard firewalls into Alkira's Cloud Network infrastructure as-a-Service (CNaaS), organizations can now implement consistent security controls across cloud and on-premises networks. This collaboration addresses the complexities faced by enterprises in managing security policies in multi-cloud environments. Alkira provides a robust network service while Check Point offers advanced threat prevention capabilities, promising improved efficiency and performance for clients.
Check Point Software Technologies advises that the news release titled "August 2020’s Most Wanted Malware: Evolved Qbot Trojan Ranks On Top Malware List For First Time" issued on September 10, 2021, should be disregarded. This announcement clarifies that the previous report contained content that is no longer relevant or accurate, emphasizing the importance of accurate information in cybersecurity reporting.
Check Point Research (CPR) has released its August 2021 Global Threat Index, highlighting Formbook as the most prevalent malware, impacting 4.5% of organizations globally. This marks a shift as Trickbot drops to the second position. The banking trojan Qbot has fallen out of the top 10 entirely. Newly identified Remcos enters at sixth place. Additionally, the report reveals that Web Server Exposed Git Repository Information Disclosure is the most commonly exploited vulnerability, affecting 45% of organizations worldwide.
Check Point Software (NASDAQ: CHKP) announced the acquisition of Avanan, a leader in cloud email security. This integration aims to enhance the cybersecurity landscape, particularly in email and SaaS collaboration suites, addressing the growing threat of phishing attacks, which have increased sharply during the pandemic. Avanan's technology will be embedded into Check Point Infinity architecture, enabling organizations to modernize their email security systems. This acquisition is expected to bolster Check Point's position in the cybersecurity market by providing a comprehensive solution against sophisticated email threats.
FAQ
What is the current stock price of Check Point Software Technologies (CHKP)?
What is the market cap of Check Point Software Technologies (CHKP)?
What does Check Point Software Technologies Ltd. specialize in?
How many organizations does Check Point protect?
What is the Check Point Infinity platform?
What recent products has Check Point launched for SMBs?
What are the financial highlights of Check Point for the fourth quarter of 2023?
How does Check Point collaborate with Managed Service Providers (MSPs)?
What new solution has Check Point introduced for AI cloud security?
Where is Check Point Software Technologies Ltd. headquartered?
Who is the founder of Check Point Software Technologies Ltd.?
How can I learn more about Check Point's latest products and financial performance?
