Check Point Software Tech Ltd Stock Price, News & Analysis

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.

Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a leader in G2’s Grid® Report for Firewall Software. The report reflects users' satisfaction and market presence, with approximately 940 customers giving high ratings. Check Point's focus on integrating cloud and on-premise security enhances performance, and its Quantum platform offers advanced threat prevention. Notably, 90% of users recommend Check Point Next Generation Firewalls. The company is positioned to support the hybrid work environment with real-time threat intelligence and scalable security solutions.

Check Point Research has released its Global Threat Index for September 2021, highlighting that Trickbot has regained its position as the most prevalent malware, impacting 4% of organizations globally. Meanwhile, njRAT enters the top ten for the first time. Following the January takedown of Emotet, Trickbot has become increasingly popular, adapting with new capabilities. The report also reveals a significant 40% increase in attacks compared to 2020. Additionally, Web Server Exposed Git Repository Information Disclosure is the top exploited vulnerability, affecting 44% of organizations.

Rosie Labs, a New York City-based marketing collaborative, has launched a new branch in Tel Aviv to assist Israeli companies in entering the U.S. market. This new expansion is led by Ronit Druker, an expert in marketing and management, with experience from CheckPoint and Payoneer. The launch aims to bridge the geographical gap for Israeli tech firms seeking growth in the U.S. market. Additionally, Shauna Lagatol has been appointed to lead global operations, leveraging her extensive background in brand strategy to enhance service offerings for clients.

Check Point Software Technologies (NASDAQ: CHKP) reports a significant rise in cyberattacks globally, with a 40% increase in weekly attacks in 2021 compared to 2020. The average weekly attacks peaked in September 2021 at over 870 per organization. Africa remains the most targeted, averaging 1,615 attacks weekly. The Education sector experiences the highest attacks, averaging 1,468 weekly. Additionally, 1 in 61 organizations worldwide is impacted by ransomware each week, a 9% increase from 2020.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced it will release its third quarter financial results on October 28, 2021, before U.S. market opening. Management will host a video conference call at 8:30 AM EDT to discuss the results. Investors can access the live webcast on the company's website. Check Point is a leading provider of cyber security solutions, protecting over 100,000 organizations globally.