Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) has unveiled its new CloudGuard Application Security, an automated web application and API protection solution. This platform secures cloud-native applications against known and zero-day attacks, eliminating manual tuning and reducing false-positive alerts. The solution addresses the shortcomings of legacy Web Application Firewalls (WAFs) that struggle with the rapid evolution of cloud applications. With flexible AI-driven capabilities, CloudGuard AppSec offers continuous protection and advanced API threat prevention.

Check Point Research reports the Emotet trojan remained the top malware in January, despite a 14% decrease in global impact due to law enforcement actions. Emotet affected 6% of organizations globally, maintaining its position in the Global Threat Index. Law enforcement aims to mass-uninstall Emotet from infected hosts by April 25. The Department of Homeland Security estimates that each Emotet incident costs organizations over $1 million to rectify. Additionally, MVPower DVR Remote Code Execution was the most common vulnerability, affecting 43% of organizations worldwide.

Check Point Software Technologies (NASDAQ: CHKP) recently announced a study highlighting the benefits of its CloudGuard Cloud Network Security solution. Conducted by Forrester Consulting, the findings reveal that businesses using CloudGuard can achieve a 169% ROI over three years, with a payback period of under three months. A US-based healthcare provider reported improved productivity, lower breach costs, and simplified security management, all while maintaining compliance with regulations like HIPAA. These benefits enable firms to accelerate cloud deployments and enhance operational efficiency.

Check Point Software Technologies (NASDAQ: CHKP) announced its Quantum Spark™ series of security gateways for small and medium-sized businesses (SMBs), providing enhanced automated threat prevention and integrated security solutions. The expansion includes six advanced models designed to combat increasing cyber threats, especially as SMBs often lack the expertise to manage such risks. Features include zero-touch provisioning for easy setup, automated protection, and a mobile management app. The new models, 1600 and 1800, support businesses from one to 500 employees, with the previous 910 model now discontinued.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported strong financial results for Q4 and full year 2020. Q4 revenues reached $564 million, a 4% year-over-year increase, with GAAP EPS of $1.95, a 6% rise. For the full year, total revenues were $2,065 million, up 4% year-over-year, with GAAP EPS of $5.96, an increase of 10%. Key growth areas included cloud and remote access security, complemented by a robust increase in deferred revenues to $1,482 million. The company also executed a substantial share repurchase program.

Check Point Research has published its Q4 2020 Brand Phishing Report, revealing that Microsoft was the most targeted brand, accounting for 43% of phishing attempts, up from 19% in Q3. DHL followed with 18%. Technology, shipping, and retail were the most targeted industries. The report emphasizes the importance of user caution, particularly as cybercriminals adapt their tactics amidst increased online activity due to the pandemic. Check Point's ThreatCloud database processes over 3 billion websites and identifies 250 million malware activities daily.

Check Point Research highlights a resurgence of the Emotet trojan, impacting over 100,000 users daily and affecting 7% of organizations globally. This malware has evolved from banking theft to a leading distributor of malicious software. Following a decline in November, Emotet regained its status as the top malware, coinciding with holiday spam campaigns. The Department of Homeland Security estimates each Emotet incident could cost organizations upwards of $1 million. Organizations are urged to reinforce their cybersecurity protocols.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) will disclose its financial results for the fourth quarter and full year ending December 31, 2020, on February 3, 2021, before U.S. markets open. A video conference call with management will occur at 8:30 AM EST to discuss the results. Stakeholders can access a live webcast of the call on the company's website. Check Point is recognized for its robust cybersecurity solutions, protecting over 100,000 organizations globally against cyber threats with an industry-leading catch rate.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) has announced the appointment of Ms. Rupal Hollenbeck to its Board of Directors, effective January 1, 2021. Hollenbeck, previously the Chief Marketing Officer at Oracle and a veteran of Intel, brings extensive experience in global tech. Her appointment follows the retirement of Irwin Federman, who contributed to the company's growth over 25 years. Check Point's leadership highlights confidence in Hollenbeck's ability to enhance the company's mission in cybersecurity during a time of rapid digital transformation.