Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Research reported on February 8, 2022, that the malware Emotet has become the most prevalent threat, impacting 6% of organizations globally, while InfoStealer Lokibot has returned to prominence. Apache Log4j remains the most exploited vulnerability, affecting 47.4% of organizations. The educational sector continues to be the most targeted industry. The report highlights the importance of comprehensive cybersecurity measures as the threat landscape evolves.

Check Point Software Technologies (NASDAQ: CHKP) reported its Q4 and full year 2021 financial results, showing strong growth across key metrics. Q4 revenues reached $599 million, up 6% YoY, while full year revenues totaled $2,167 million, reflecting a 5% increase. Subscription revenues grew 14% to $204 million for Q4 and 13% to $755 million for the year. GAAP EPS for Q4 was $1.98, up 2%, and $6.08 for the year, also a 2% increase. Deferred revenues increased by 15% to $1,707 million. The company repurchased approximately 2.8 million shares during Q4.

Check Point Software Technologies (NASDAQ: CHKP) reveals a survey of 1,200 IT security professionals indicating significant gaps in security practices for remote work. Only 9% implement all necessary protections against internet threats, and 11% utilize none of them. Key findings show 70% allow personal devices for corporate access, and 20% lack basic internet security measures. There's a pressing need for organizations to adopt comprehensive solutions like Check Point Harmony to protect remote employees from evolving cyber threats, with attacks increasing by 50% weekly.

Check Point Software Technologies (NASDAQ: CHKP) has announced the acquisition of Spectral, an Israeli startup specializing in developer-first security tools, enhancing its CloudGuard platform. This acquisition will expand Check Point's capabilities to address security challenges in rapidly developed cloud applications. By 2023, over 500 million digital apps are expected to be deployed using cloud-native methods, increasing security risks. Spectral’s tools offer fast code scanning and integrate into Check Point’s solutions, reinforcing its commitment to cloud developer security.

Check Point Software Technologies (NASDAQ: CHKP) has enhanced its Harmony Connect Secure Access Service Edge (SASE) by introducing VPN-as-a-service and new global points of presence (PoPs). These updates aim to improve security and connectivity for remote and hybrid workforces, utilizing zero-trust frameworks and device posture validation. The solution boasts a 100% catch rate for malware threats, addressing the complexities of distributed enterprise security. The enhancements support organizations in better managing growing remote operations while enhancing user experiences.

Check Point Software Technologies has released its 2022 Security Report, highlighting a 50% increase in global cyber-attacks compared to 2020. The Education and Research sector was the most targeted, averaging 1,605 weekly attacks (up 75%). Software vendors saw the highest growth at 146%. Major trends include a rise in cloud services vulnerabilities and the resurgence of the Emotet botnet. Notably, governmental responses to ransomware attacks have shifted from reactive to proactive measures.

Check Point Software Technologies (NASDAQ: CHKP) has launched its new Quantum Lightspeed Firewalls, which are said to provide remarkable network security enhancements. Utilizing innovative ASIC technology, these firewalls offer up to 3 Tbps throughput and 3 microseconds latency, marking a significant advancement in cybersecurity capabilities. The product claims five times better firewall throughput, ten times faster processing, and twenty times improved price performance compared to competitors. It targets the evolving needs of hybrid data centers as enterprises grapple with increased network traffic.

Check Point Research has released its Q4 2021 Brand Phishing Report, revealing DHL as the top brand imitated by cybercriminals, accounting for 23% of phishing scams. This marks a significant increase from Q3, where it was only 9%. Microsoft follows with 20%, down from 29%. The report indicates a robustness in social media targeting, with WhatsApp climbing to 3rd position at 11%. The findings underscore the need for consumers to be more vigilant, particularly during the festive season, as opportunistic attacks continue to rise.

Check Point Research has released its Global Threat Index for December 2021, highlighting significant cybersecurity threats. The report indicates that Trickbot remains the leading malware, affecting 4% of organizations, while Emotet has surged from seventh to second place. The Apache Log4j vulnerability is the most exploited, impacting 48.3% of organizations globally. The report notes that the Education/Research sector is the most targeted industry. The information emphasizes the need for improved email security solutions to combat these evolving threats.