Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) announced its Quantum Cyber Security Platform achieved remarkable results in Miercom’s 2023 NGFW Security Benchmark report, recording a 99.7% malware block rate and 99.9% phishing prevention rate. This performance significantly surpasses competitors like Palo Alto Networks and Cisco, where average malware block rates were around 54.1%. The Quantum platform also boasts an ultra-low 0.1% false positive rate, ensuring high accuracy in threat detection. These accolades affirm Check Point's market leadership in advanced threat prevention, particularly as global cyberattacks surged by 38% in 2022.

Check Point Software Technologies (NASDAQ: CHKP) unveiled enhanced features for its CloudGuard Cloud Native Application Protection Platform (CNAPP), including a new risk management engine. These improvements focus on intelligent risk prioritization, agentless scanning, entitlement management, and pipeline security, aimed at streamlining and automating cloud security processes. In a market where 72% of organizations express extreme concern about cloud security, the new capabilities aim to mitigate risks associated with misconfigurations and improve visibility. With accelerating cloud adoption, Check Point emphasizes the need for effective risk management in securing cloud environments.

Check Point Software Technologies (NASDAQ: CHKP) has launched the Check Point Cyber Center in Tel Aviv, focusing on educating the public about cybersecurity essentials. The center features interactive exhibits and videos, detailing the history and importance of cybersecurity and the increasing threat of cyberattacks, which rose by 38% in 2022, averaging 1,168 weekly attacks per organization. The initiative aims to build awareness, especially given the 3.5 million unfilled cybersecurity jobs globally, and includes professional development opportunities for students. The center is free to attend and underscores Check Point's commitment to promoting cybersecurity education.

Check Point Research has released its Brand Phishing Report for Q4 2022, revealing that Yahoo was the most impersonated brand, with 20% of phishing attempts. The report highlights a climb of 23 places for Yahoo, while DHL and Microsoft followed as the second and third most targeted brands, accounting for 16% and 11%, respectively. The report also includes examples of phishing emails targeting users of various platforms, such as Instagram and Microsoft Teams. The technology sector remained the most imitated industry, indicating significant risks for consumers as cybercriminals employ increasingly sophisticated tactics.

Check Point Software Technologies (NASDAQ: CHKP) reports significant developments in cybersecurity threats, highlighting Glupteba's return to the top ten malware list for the first time since July 2022, now ranked eighth. Qbot has overtaken Emotet as the most prevalent malware, impacting 7% of organizations globally. Additionally, Hiddad resurfaces as a notable android malware. The report shows that the education sector remains the most targeted industry, with vulnerabilities like 'Web Server Exposed Git Repository Information Disclosure' affecting 46% of organizations.

Check Point Software Technologies (NASDAQ: CHKP) has announced the appointment of Ms. Tzipi Ozer-Armon to its Board of Directors. Ms. Ozer-Armon currently serves as CEO of Lumenis and has held key leadership roles in companies like Teva and SanDisk. Her diverse experience in the technology sector is expected to enhance Check Point's strategic initiatives. The Chairman of the Board stated her expertise aligns with the company’s goal of expanding cybersecurity leadership and driving stakeholder value during a critical period for the industry.

Check Point Software Technologies (NASDAQ: CHKP) announced its upcoming financial results for Q4 and full year 2022, scheduled for release on February 13, 2023, before U.S. markets open. The company's management will host a video conference call at 8:30 AM EST the same day. Check Point continues to be a leader in cybersecurity, protecting over 100,000 organizations globally with its Infinity portfolio that offers advanced threat prevention. Investors can access the live webcast through the company's investor relations website.

Check Point Software Technologies (NASDAQ: CHKP) has announced an expanded collaboration with Intel Corporation to enhance the anti-ransomware capabilities of Check Point Harmony Endpoint. The integration of Intel's Threat Detection Technology (TDT) will provide enterprises with anti-ransomware security at both hardware and software levels without additional costs. With a reported 42% increase in cyberattacks, this partnership aims to bolster the protection of endpoints against evolving ransomware threats, employing AI and machine learning for early detection.

Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a Leader in the Gartner Magic Quadrant for Network Firewalls for the 23rd time, underscoring its ability to execute and completeness of vision. This recognition signifies Check Point's long-term commitment to cybersecurity and its innovative solutions like Check Point Quantum and CloudGuard. Featuring advanced AI-based threat prevention and comprehensive security management, Check Point aims to protect organizations from sophisticated cyber threats, enhancing operational efficiency and reducing costs.