Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported strong financial results for Q2 2022, achieving total revenues of $571 million, up 9% year over year. Product & License revenues rose to $133 million (12% increase) while Security Subscription revenues reached $210 million (14% increase). Deferred revenues increased 13% to $1,666 million. However, GAAP EPS fell to $1.36, a 1% decline, while Non-GAAP EPS rose 2% to $1.64. The company’s strong cash position stood at $3,676 million.

Check Point Research has released its Q2 2022 Brand Phishing Report, identifying brands most often targeted by cybercriminals. Notably, LinkedIn topped the list with 45% of phishing attempts, despite a slight decline from 52% in Q1. Microsoft surged to 13%, doubling its phishing attempts, while DHL followed closely with 12%. New entrants to the top brands included Adidas, Adobe, and HSBC. The report emphasizes the need for users to be vigilant against phishing scams that exploit trusted brands.

Check Point Research has released its Global Threat Index for June 2022, unveiling the rise of a new Android banking malware named MaliBot, which is currently the third most prevalent mobile malware. MaliBot masquerades as cryptocurrency mining apps to target mobile banking users. The well-known Emotet remains the top malware overall, while the Snake Keylogger has jumped from eighth to third place in the rankings. Significant vulnerabilities were also reported, with Apache Log4j being the most exploited, affecting 43% of organizations worldwide.

Check Point Software Technologies (NASDAQ: CHKP) has scheduled its financial results release for Q2 2022 on August 1, 2022, before U.S. markets open. A video conference call for investors will follow at 8:30 AM EDT/5:30 AM PDT, with a live webcast available on their website. Known for its leading cyber security solutions, Check Point protects over 100,000 organizations globally from advanced cyber threats with its Check Point Infinity portfolio, which includes Check Point Harmony, CloudGuard, and Quantum.

Check Point Research has released its latest Global Threat Index for May 2022, indicating that Emotet remains the leading malware, affecting 8% of organizations globally. Snake Keylogger has returned to the index in eighth place, primarily spread via PDF files to bypass security measures against other formats. Web Servers Malicious URL Directory Traversal is the most exploited vulnerability, affecting 46% of organizations, followed closely by Apache Log4j. The Education & Research sector is the most targeted by cybercriminals.

Check Point Quantum Network Security R81 has successfully achieved Common Criteria certification, recognized by 31 member nations of the Common Criteria Recognition Agreement (CCRA). This certification confirms Check Point's adherence to rigorous security standards required by government and critical infrastructure sectors. The certification complements the existing CC EAL4+ certification, showcasing Check Point’s commitment to high security for IT infrastructure. The full suite of Check Point Quantum Network Security appliances is now compliant with three Protection Profiles, enhancing protection against sophisticated cyber threats.

Check Point Software Technologies (NASDAQ: CHKP) has launched a new version of Harmony Mobile, the leading mobile threat solution that now effectively blocks the download of malicious files to mobile devices, enhancing security against file-based cyberattacks.

With growing mobile usage, nearly 97% of organizations have encountered mobile threats. This release includes advanced features such as operating system vulnerability assessment and integration with Samsung Knox, marking it as a comprehensive mobile security solution.

Check Point Software Technologies (NASDAQ: CHKP) has partnered with Provision-ISR, an international leader in CCTV, to integrate its Quantum IoT Protect Nano Agent into Provision-ISR's video surveillance devices. This collaboration aims to enhance security against zero-day attacks in the CCTV market, which is increasingly vulnerable due to IoT connectivity. The Nano Agent offers comprehensive protection without compromising performance, addressing significant vulnerabilities in current CCTV technology. The launch will take place at IFSEC International 2022, highlighting the need for robust IoT device security.

Check Point Research has released its Global Threat Index for April 2022, highlighting significant malware activities. Emotet continues to dominate, affecting 6% of organizations, though its impact decreased from 10% in March. Formbook and Lokibot have now emerged as the second and sixth most prevalent malware, respectively. Notably, vulnerabilities like Spring4Shell are making headlines, impacting over 35% of organizations. The Education and Research sector remains the most targeted by cybercriminals.