Welcome to our dedicated page for Check Point Software Tech news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Tech stock.
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.
Check Point Software Technologies (NASDAQ: CHKP) has announced its sponsorship of The Smart Factory @ Wichita, an immersive experience center by Deloitte. This partnership highlights the critical need for cyber security in smart factories as manufacturers adopt Industry 4.0 technologies. With cyber attacks in the US rising over 300% in the last nine months, Check Point aims to strengthen the security framework for manufacturing infrastructures. The initiative seeks to enhance productivity and sustainability while minimizing risks associated with digital transformations.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced the release date for its Q2 financial results, scheduled for July 26, 2021, before U.S. markets open. The management will hold a video conference at 8:30 AM EDT to discuss these results with investors. This quarterly update will provide key insights into Check Point's performance and strategic direction, amid growing cybersecurity challenges in the digital landscape. Investors are encouraged to tune into the webcast available on the company’s investor relations website.
Check Point Software Technologies has launched the R81.10 software, Quantum Maestro 175, and Quantum Smart-1 Security Management appliances to enhance security for hybrid data centers. This update improves automated operations and scalability, allowing businesses to securely move workloads between data centers and the cloud with better performance and lower costs. The software features over 60 AI and ML threat prevention engines, ensuring up-to-date protection against zero-day threats. It enables rapid expansion and management of security operations to support the evolving digital landscape.
Check Point CloudGuard has expanded its capabilities to offer comprehensive workload security that protects applications, functions, and containers from development through runtime.
With a focus on automation, this innovative solution addresses the complexities of cloud security, as 68% of enterprises cite misconfiguration as a significant threat to their cloud assets.
The platform enhances security through unified controls and integrates with CI/CD tools, ensuring automated threat detection and prevention across environments.
Check Point Research has released its latest Global Threat Index, indicating a shift in malware dynamics. The Dridex trojan has fallen off the list, while Trickbot now ranks as the most prevalent malware, impacting 8% of organizations globally. The report highlights a significant increase in cyberattacks, with a year-on-year rise of 70% in the Americas, 97%% in EMEA, and 168%% in APAC compared to May 2020. Organizations are urged to strengthen their cybersecurity measures amid these growing threats.
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Check Point Research has reported that the Dridex trojan remains the most prevalent malware for the second consecutive month, stemming from a QuickBooks Malspam Campaign. This malware is often an initial stage in ransomware attacks, which have surged by 107% compared to last year. Additionally, AgentTesla ranks second, impacting 12% of organizations. Vulnerabilities such as Web Server Exposed Git Repository affect 46% of global organizations. The report highlights the need for enhanced cybersecurity measures as ransomware attacks occur every 10 seconds globally.
Check Point Software Technologies has launched the Check Point Cloud Academy to address the growing demand for cloud security education globally. In partnership with Platinum Elite ATC partners—Arrow Electronics, Red Education, and Westcon Security—the program includes the Check Point Certified Cloud Specialist Program (CCCS), targeting IT professionals and partners. With 75% of enterprises concerned about cloud security, this initiative aims to close the skills gap, enhance job readiness, and support digital transformations propelled by the pandemic.
Check Point Software Technologies (NASDAQ: CHKP) announced new initiatives to enhance its Partner Growth Program, aimed at boosting partner profitability and customer engagement. Key features include a 25% margin for new customer registrations and a 15% discount on sales of new technologies like CloudGuard and Harmony. A new Professional Services Certification Program will empower partners to deliver specialized services. Additionally, the program offers pre-packaged lead generation campaigns and an enhanced 'White Space' program to identify sales opportunities.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported financial results for Q1 2021, with total revenues of $508 million, marking a 4% year-over-year increase. The company achieved GAAP EPS of $1.33, an 8% increase from last year, and non-GAAP EPS of $1.54, a 9% increase. Deferred revenues rose to $1.458 billion, up 8% year-over-year. Check Point emphasized the success of its CloudGuard technologies amid heightened cyber threats. Additionally, the company repurchased 2.7 million shares for $325 million.