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Check Point Software Technologies (CHKP) Stock News, Nov 2021-Jan 2022

CHKP Nasdaq

Check Point Software Technologies Ltd. provides cybersecurity software and services for enterprises, businesses, consumers and government customers. News about CHKP commonly covers results for its security subscription, product and license businesses; demand indicators such as calculated billings and remaining performance obligations; and capital actions, including ordinary-share repurchase authorizations.

Company updates also focus on the Infinity Platform and related product families, including Harmony for workspace security, CloudGuard for cloud security, Quantum for network security, Infinity Core Services, Check Point WAF and the AI Defense Plane. Recurring themes include AI-powered threat prevention, web application and API protection, SASE, email security, exposure management, government security authorizations and integrations with cloud platforms.

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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.

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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.

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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.

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Check Point Software Technologies Ltd. (NASDAQ: CHKP) will release its fourth quarter and full-year financial results for the period ending December 31, 2021, on February 3, 2022, before U.S. markets open. A video conference call for investors will follow at 8:30 AM EST. Stakeholders can access a live webcast on the company's investor relations website. Check Point is recognized for providing cyber security solutions to over 100,000 organizations worldwide, offering protection against advanced cyber threats.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Check Point Software Technologies (CHKP)?

Check Point Software Technologies (CHKP) last closed at $130.31.

What is the market cap of Check Point Software Technologies (CHKP)?

The market cap of Check Point Software Technologies (CHKP) is approximately $13.3B.