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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 Research released its Global Threat Index for March 2023, highlighting a new campaign by the Emotet Trojan, which has become the second most prevalent malware, impacting organizations globally through spam emails with malicious OneNote files. This campaign successfully evades Microsoft’s macro block, showing the sophistication of Emotet. The report also indicates that the Apache Log4j Remote Code Execution vulnerability remains the most exploited, affecting 44% of organizations, with HTTP Headers and MVPower DVR vulnerabilities following closely. The education/research sector was the most targeted industry last month.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its financial results for Q1 2023 on May 1, 2023, before U.S. markets open. The management will host a video conference call at 8:30 AM EST to discuss the results. This event is crucial as investors await insights into the company's performance amidst a growing cybersecurity landscape. Check Point continues to protect over 100,000 organizations with its advanced cybersecurity solutions, including Check Point Harmony, CloudGuard, and Quantum, designed to combat evolving cyber threats.
Check Point Software Technologies (NASDAQ: CHKP) unveiled Infinity Global Services, an extensive cybersecurity solution designed to enhance organizational defenses against advanced cyber threats. Launched on March 15, 2023, this service addresses the growing cybersecurity skills gap, enabling firms to bolster their cybersecurity practices across various business sizes. With comprehensive service offerings spanning 30 areas, it focuses on improving threat prevention, incident response, and team capabilities, offering real-time threat intelligence and managed detection services.
Infinity Global Services will be available through Check Point's global partner network this summer.
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