Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Harmony Endpoint has been recognized as a Major Player in two IDC MarketScape reports for its strong endpoint security capabilities. The reports highlight Check Point’s profitability for over 15 years, a broad product portfolio, and distinctive features such as rollback remediation. The ZoneAlarm brand allows Check Point to engage actively in the consumer market. The reports underscore the importance of integrating security solutions to enhance user protection against various threats, including malware and ransomware.

Check Point Research has published its Global Threat Index for October 2021. Trickbot, a modular botnet, continues to dominate as the most prevalent malware, impacting 4% of organizations globally. A new vulnerability in Apache HTTP Server has emerged, ranking tenth among exploited vulnerabilities. The Education/Research sector is reported as the most attacked industry. These findings highlight significant cybersecurity threats impacting organizations worldwide, with essential recommendations for companies to bolster their defenses.

Check Point Software Technologies (NASDAQ: CHKP) has launched the Check Point Mind, a training portal aimed at addressing the global cybersecurity skills shortage. Collaborating with over 200 training partners, the portal offers a variety of courses accessible for free or through payment methods including credit cards and Check Point Learning Credits. The U.S. faces a shortage of approximately 465,000 cybersecurity professionals, with a global estimate of 2.72 million. The initiative aims to equip individuals from students to executives with essential cybersecurity skills.

Check Point Software has been named a Leader in the Gartner Magic Quadrant for Enterprise Network Firewalls for its innovative security architecture, including the Maestro Hyperscale solution, and strong customer satisfaction. The recognition highlights Check Point's ability to adapt to sophisticated security threats through its comprehensive portfolio that spans on-premises, cloud, and hybrid networks. With a commitment to a prevention-first strategy and more than 100,000 customers globally, including 90% of the Fortune 500, Check Point continues to solidify its position in the cybersecurity landscape.

Check Point Software Technologies (NASDAQ: CHKP) reported Q3 2021 financial results with total revenues of $534 million, up 5% year over year. Subscription revenues reached $190 million, marking a 13% increase. GAAP operating income was $225 million (42% of revenues), while non-GAAP operating income was $261 million (49% of revenues). GAAP EPS was $1.40, down 1% year over year, but non-GAAP EPS rose 1% to $1.65. The company acquired Avanan for $234 million and expanded its share repurchase program to $2 billion.

Check Point Software Technologies (NASDAQ: CHKP) released its 2022 Cyber-security Predictions, forecasting significant challenges ahead. Key highlights include increasing supply chain attacks, weaponized deepfake technology, and larger-scale data breaches that will cost organizations more to recover. Cyber criminals will also exploit cryptocurrency and mobile payment platforms. The report emphasizes the need for organizations to be proactive in securing their networks against these evolving threats.

Check Point Research has released its Q3 2021 Brand Phishing Report, identifying the brands frequently targeted by cybercriminals. Microsoft was the most imitated brand, accounting for 29% of phishing attempts, down from 45% in Q2 2021. Amazon followed with 13%, overtaking DHL, which now sits at 9%. Notably, WhatsApp, LinkedIn, and Facebook entered the top three sectors exploited in phishing attempts. The report warns users to be cautious when sharing personal data, especially regarding emails from popular brands.