Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) reported strong Q1 2022 results with total revenues reaching $543 million, representing a 7% year-over-year increase. Security subscription revenues were $202 million, a 14% increase year-over-year. GAAP EPS declined by 2% to $1.30, while non-GAAP EPS rose 2% to $1.57. Deferred revenues reached $1,666 million, marking a 14% increase. Cash flow from operations was $398 million, up from $375 million in the prior year. The company also repurchased 2.5 million shares for $325 million.

Check Point Research has published its Global Threat Index for March 2022, revealing that Emotet remains the most prevalent malware, affecting 10% of organizations worldwide. Its impact has doubled since February, attributed to aggressive email phishing campaigns. Additionally, Agent Tesla has climbed to second place in malware prevalence.

Check Point Software (CHKP) is supporting the Rakia Israeli space mission by hosting communication services at its Tel Aviv headquarters. The mission, which involves astronaut Eytan Stibbe, will see him conduct 35 experiments aboard the International Space Station over 8 to 10 days. Check Point has established a Rakia Mission Center that includes a control room to oversee these experiments and facilitate real-time communication. This initiative aims to advance research and innovation while enhancing the understanding of cyber security challenges in space.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its first-quarter financial results on April 27, 2022, before U.S. markets open. Management will conduct a video conference call for investors at 8:30 AM EST, with a live webcast available on the company’s website. The company specializes in providing cybersecurity solutions globally, protecting over 100,000 organizations from advanced cyber threats through its Check Point Infinity portfolio, which includes Check Point Harmony, CloudGuard, and Quantum.

Check Point's Harmony Endpoint has been recognized as a leader in the MITRE Engenuity ATT&CK® Evaluations for the second consecutive year.

Demonstrating 100% detection of all attack steps, Harmony Endpoint also achieved a 98% detection rate for the APT Wizard Spider. This evaluation showcased its ability to automatically block and recover from cybersecurity threats, including ransomware, with zero delays in alerting.

Overall, the results emphasize Check Point's commitment to providing advanced cybersecurity solutions amidst increasing cyber threats.

Check Point Research has reported that Emotet remains the most prevalent malware, affecting 5% of organizations globally, while Trickbot has dropped to sixth place after lacking recent campaigns. The report highlights the exploitation of the Russia/Ukraine conflict by cybercriminals using Emotet to distribute malicious emails. The Education/Research sector continues to be the most targeted industry, followed by Government/Military and ISP/MSP. The most exploited vulnerability is the Web Server Exposed Git Repository Information Disclosure, impacting 46% of organizations.

Check Point Software Technologies announces the appointment of Rupal Hollenbeck as the leader of a newly unified global go-to-market organization, effective March 7, 2022. Hollenbeck has extensive experience in the tech industry, including roles at Oracle and Intel. This transition comes as Dan Yerushalmi concludes his term as Chief Customer Officer to focus on personal interests. CEO Gil Shwed emphasizes the importance of strong leadership amid increasing cybersecurity needs, citing recent strong quarterly results and ongoing initiatives.