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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) announced a strategic integration of CloudGuard with Alibaba Cloud, expanding multi-cloud support. This collaboration aims to enhance cloud network security and posture management for Alibaba Cloud customers, allowing organizations to benefit from improved security across their cloud infrastructure while maintaining compliance. Key features include advanced security capabilities, comprehensive visibility, and compliance management through a robust ruleset. This integration reflects the growing trend of organizations adopting multi-cloud strategies for better workload management.
Check Point Software Technologies (NASDAQ: CHKP) has announced its sponsorship of The Smart Factory @ Wichita, an immersive experience center by Deloitte. This partnership highlights the critical need for cyber security in smart factories as manufacturers adopt Industry 4.0 technologies. With cyber attacks in the US rising over 300% in the last nine months, Check Point aims to strengthen the security framework for manufacturing infrastructures. The initiative seeks to enhance productivity and sustainability while minimizing risks associated with digital transformations.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced the release date for its Q2 financial results, scheduled for July 26, 2021, before U.S. markets open. The management will hold a video conference at 8:30 AM EDT to discuss these results with investors. This quarterly update will provide key insights into Check Point's performance and strategic direction, amid growing cybersecurity challenges in the digital landscape. Investors are encouraged to tune into the webcast available on the company’s investor relations website.
Check Point Software Technologies has launched the R81.10 software, Quantum Maestro 175, and Quantum Smart-1 Security Management appliances to enhance security for hybrid data centers. This update improves automated operations and scalability, allowing businesses to securely move workloads between data centers and the cloud with better performance and lower costs. The software features over 60 AI and ML threat prevention engines, ensuring up-to-date protection against zero-day threats. It enables rapid expansion and management of security operations to support the evolving digital landscape.
Check Point CloudGuard has expanded its capabilities to offer comprehensive workload security that protects applications, functions, and containers from development through runtime.
With a focus on automation, this innovative solution addresses the complexities of cloud security, as 68% of enterprises cite misconfiguration as a significant threat to their cloud assets.
The platform enhances security through unified controls and integrates with CI/CD tools, ensuring automated threat detection and prevention across environments.
Check Point Research has released its latest Global Threat Index, indicating a shift in malware dynamics. The Dridex trojan has fallen off the list, while Trickbot now ranks as the most prevalent malware, impacting 8% of organizations globally. The report highlights a significant increase in cyberattacks, with a year-on-year rise of 70% in the Americas, 97%% in EMEA, and 168%% in APAC compared to May 2020. Organizations are urged to strengthen their cybersecurity measures amid these growing threats.
Check Point Research has reported that the Dridex trojan remains the most prevalent malware for the second consecutive month, stemming from a QuickBooks Malspam Campaign. This malware is often an initial stage in ransomware attacks, which have surged by 107% compared to last year. Additionally, AgentTesla ranks second, impacting 12% of organizations. Vulnerabilities such as Web Server Exposed Git Repository affect 46% of global organizations. The report highlights the need for enhanced cybersecurity measures as ransomware attacks occur every 10 seconds globally.
Check Point Software Technologies has launched the Check Point Cloud Academy to address the growing demand for cloud security education globally. In partnership with Platinum Elite ATC partners—Arrow Electronics, Red Education, and Westcon Security—the program includes the Check Point Certified Cloud Specialist Program (CCCS), targeting IT professionals and partners. With 75% of enterprises concerned about cloud security, this initiative aims to close the skills gap, enhance job readiness, and support digital transformations propelled by the pandemic.
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