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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) has launched Infinity SOC, an innovative cybersecurity platform that integrates threat prevention, detection, investigation, and remediation. This state-of-the-art solution, powered by AI, helps security teams manage the overwhelming volume of event logs and alerts, which often includes many false positives. According to a survey, 68% of security professionals struggle with false alerts, impacting their ability to detect real threats. Infinity SOC aims to resolve this by delivering unmatched accuracy, rapid incident investigations, and zero-friction deployment, all within a single, cloud-based platform.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) has partnered with Coursera, a major online learning platform, to enhance cybersecurity education. This collaboration features a series of cybersecurity courses aimed at security professionals and network administrators, including the Check Point Jump Start series. The initiative addresses the global cybersecurity skills gap, which has increased to 4.07 million unfilled roles. This partnership underscores Check Point's commitment to ongoing training for both current professionals and those entering the field.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) has launched the 1570R rugged security gateway, enhancing cybersecurity for critical infrastructure and industrial control systems. This gateway offers 400 Mbps of threat prevention performance and supports over 1,500 SCADA and ICS protocols. The 1570R is designed for extreme environments, certified for temperatures from -40C to +75C, and ensures protection against a surge of targeted attacks that increased 20 times during 2019. The launch is timely, addressing rising cyber threats amid the Covid-19 pandemic.
Check Point (NASDAQ: CHKP) released findings from a survey by Dimensional Research indicating that the use of multiple security vendors complicates enterprise security. Key results reveal that 92% of security leaders find protecting IT assets challenging, and nearly half of organizations manage between 7 to 40 security solutions. A striking 79% of professionals report difficulties with vendor management. The survey underscores the need for a consolidated cybersecurity approach to enhance security assurance, especially in light of the evolving threat landscape exacerbated by COVID-19.
Check Point Software Technologies (CHKP) has launched CloudGuard, a fully automated cloud security platform designed to protect cloud deployments and workloads. The platform addresses security challenges heightened by the rapid migration to the cloud, especially during the Covid-19 pandemic. CloudGuard simplifies and unifies security across multiple cloud environments, providing advanced threat prevention, cloud security posture management, and automated security for various workloads. Updates to CloudGuard with these capabilities are available now.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced leadership changes following the upcoming Annual General Meeting. Jerry Ungerman will become Chairman of the Board, succeeding Marius Nacht, who has served since 2015 and opted not to seek reelection. Guy Gecht will be appointed Lead Independent Director. Ungerman, who has a long history with Check Point, served as Vice Chairman since 2005. Nacht expressed pride in the company's contributions and confidence in its future during his tenure.
Check Point Software Technologies (NASDAQ: CHKP) announced its Global Threat Index for April 2020, revealing significant cyber threats related to COVID-19. The Agent Tesla remote access trojan surged to third place, impacting 3% of organizations globally. Notably, Dridex topped the index, affecting 4% of entities. The most exploited vulnerabilities included MVPower DVR Remote Code Execution, affecting 46% of organizations. Check Point emphasizes the necessity for businesses to educate employees about cyber threats, especially with the surge in remote work.
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