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Dangerous Blind Spots Costing Enterprises Time, Trust, and Agility Exposed in Check Point’s 2025 Cloud Security Report
Globenewswire· 2025-06-05 13:00
Report finds 65% of organizations suffered a cloud-security incident in the past year — yet only 6% remediated it within an hourREDWOOD CITY, Calif., June 05, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today released its 2025 Cloud Security Report. Based on a global survey of more than 900 CISOs and IT leaders, the report reveals systemic weaknesses, including alert fatigue, fragmented toolsets, and a widespread i ...
Check Point Software Technologies Recognized as a Best Company to Work For by U.S. News & World Report
Globenewswire· 2025-06-02 13:00
REDWOOD CITY, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced that U.S. News & World Report has named the company among its 2025-2026 list of Best Companies to Work For. In addition, Check Point was also recognized as a Best Company to Work For in the IT industry. This recognition highlights Check Point’s commitment to fostering a culture of innovation, inclusion, and continuous growth ...
Check Point Accelerates Threat Detection and Response with AI-Powered Security Management for the Modern Enterprise
Globenewswire· 2025-05-28 13:05
Next-generation Smart-1 Management Appliances boost efficiency delivering 2X expansion in managed gateways and AI-powered tools for automation, policy insights, and orchestration REDWOOD CITY, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced the launch of its next generation Quantum Smart-1 Management Appliances, delivering 2X increase in managed gateways and up to 70% higher log rate, wit ...
AI-Powered Defense at the Edge: Check Point Launches New Branch Office Security Gateways with 4x Faster Threat Prevention Performance
Globenewswire· 2025-05-28 13:00
Optimized for SD-WAN, New Quantum Force Branch Office Firewalls deliver protections against growing attacks on branch offices and superior end user experience Check Point's Quantum Force Branch Office Security Gateways capabilities include: "Branch offices are often the soft spots in enterprise security, providing vulnerable entry-points for attacks and compromising the security posture across the enterprise," said Pete Finalle, Security Research Manager, at IDC. "Check Point's new Quantum Branch Office Sec ...
Check Point to Acquire Veriti to Transform Threat Exposure Management and Reduce Organizations' Cyber Attack Surface
GlobeNewswire News Room· 2025-05-27 12:00
REDWOOD CITY, Calif., May 27, 2025 (GLOBE NEWSWIRE) -- AI-fueled attacks and hyperconnected IT environments have made threat exposure one of the most urgent cybersecurity challenges facing enterprises today. In response, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform. “The acquisit ...
Check Point (CHKP) Up 7.7% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-23 16:37
Core Viewpoint - Check Point Software (CHKP) shares have increased by approximately 7.7% over the past month, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1]. Group 1: Earnings Report and Market Reaction - The last earnings report for Check Point was a month ago, and since then, the stock has shown a positive performance [1]. - Fresh estimates for Check Point have trended upward in the past month, indicating a positive outlook [2]. Group 2: VGM Scores and Investment Strategy - Check Point has a strong Growth Score of A, but it is significantly lagging in Momentum Score with an F, and has a Value Score of D, placing it in the bottom 40% for that investment strategy [3]. - The overall aggregate VGM Score for Check Point is C, which is relevant for investors not focused on a single strategy [3]. Group 3: Future Outlook - Estimates for Check Point have been broadly trending upward, although the magnitude of revisions suggests a downward shift [4]. - Check Point holds a Zacks Rank of 3 (Hold), indicating an expectation of an in-line return from the stock in the upcoming months [4].
Check Point Software Technologies Named One of America's Best Cybersecurity Companies by Newsweek and Statista
GlobeNewswire News Room· 2025-05-21 19:05
Core Insights - Check Point Software Technologies Ltd. has been recognized on Newsweek's 2025 list of America's Best Cybersecurity Companies, highlighting its commitment to AI-powered security solutions and global digital trust protection [1][2] - The ranking evaluates companies based on public sentiment and expert evaluations, covering service quality, product satisfaction, and threat response time, among other criteria [2] - Check Point serves over 100,000 organizations worldwide, providing comprehensive security across networks, cloud environments, endpoints, and mobile devices [2][4] Company Recognition - The recognition from Newsweek adds to Check Point's accolades, including being named one of the World's Best Companies by TIME and Statista in 2024 and appearing on Forbes' list of the World's Best Employers for five consecutive years [3] Company Overview - Check Point utilizes AI-powered cybersecurity solutions to protect over 100,000 organizations globally, employing a prevention-first approach through its Infinity Platform [4] - The Infinity Platform integrates management of on-premises, cloud, and workspace environments, offering flexibility and scalability for enterprises and service providers [4]
Check Point Software (CHKP) FY Conference Transcript
2025-05-13 13:50
Summary of Check Point Software (CHKP) FY Conference Call - May 13, 2025 Company Overview - **Company**: Check Point Software Technologies Ltd. (CHKP) - **Industry**: Cybersecurity Software Key Points and Arguments Leadership and Market Position - New CEO Nadav Zafir has been in the role for 149 days, focusing on customer engagement and internal culture [6][7] - The company aims to regain its top position in revenue among peers, having previously been number one a decade ago [9] - Zafir emphasizes the need for improved marketing and narrative around customer challenges rather than just product features [7][12] Strategic Focus and Growth Levers - **Growth Levers**: 1. **Focus Strategy**: Check Point will not pursue CNAP (Cloud Native Application Protection) but will collaborate with Wizz, reallocating resources to areas where they can be a podium player [10][11] 2. **Cultural Shift**: A shift from an engineering-centric culture to a more market-focused approach is necessary [12][15] 3. **Infusion of New Talent**: The company plans to bring in new talent to drive change and adapt to market demands [22] 4. **Profitability vs. Growth**: Balancing growth with profitability is crucial, with a focus on areas that can drive accelerated growth without significantly sacrificing margins [24][25] Product and Technology Development - The company is enhancing its hybrid mesh platform, with a focus on SASE (Secure Access Service Edge) as a key offering [40][41] - Check Point is integrating AI capabilities to improve efficiency and productivity, with products like AIOps and PlayBlocks aimed at enhancing customer operations [29][30][27] - The company is also looking to expand its offerings in workspace security and external risk management, leveraging partnerships with companies like Illumio and Cyberint [33][38] Market Dynamics and Competitive Landscape - The competitive landscape remains aggressive, particularly in the firewall and SASE markets, but Check Point believes its unique hybrid mesh architecture provides a competitive edge [41][42] - The company is seeing positive signs in customer migration to its new products, particularly in the enterprise segment, and is leveraging refresh cycles for cross-selling opportunities [56][58] Macro Environment and Future Outlook - Currently, there are no significant macroeconomic pressures affecting the company, but management remains vigilant about potential changes [61][64] - The company believes that in volatile times, cybersecurity becomes even more critical, positioning Check Point to benefit from increased demand [64] Cultural and Employee Engagement - There is no current retention problem, but the company is focused on infusing new talent to adapt to market changes [22][23] - Zafir is personally engaging with customers to instill a sense of urgency and gather insights for improvement [16][17] Additional Important Insights - The integration of Wizz into Check Point's offerings is still in early stages, with ongoing efforts in integration, migration, and cross-selling [45][46] - The company aims to provide a seamless customer experience by ensuring that support for both Check Point and Wizz products is integrated [50][51] - The focus on AI and efficiency is expected to enhance productivity across the organization, with anecdotal evidence of improved product development timelines [31][27] This summary encapsulates the key discussions and strategic directions outlined during the conference call, highlighting Check Point's commitment to regaining market leadership through focused strategies, cultural shifts, and technological advancements.
This Cybersecurity Stock Is Beating the Market in 2025. Should You Buy It Hand Over Fist?
The Motley Fool· 2025-05-02 08:40
Core Viewpoint - Check Point Software Technologies has shown resilient stock performance in 2025, with a 17% increase, outperforming the S&P 500 index, which is down 5.3% year to date, driven by attractive valuation and consistent growth [2][3]. Financial Performance - In Q1 2025, Check Point's revenue grew by 7% year-over-year, and non-GAAP earnings per share improved by 9%, exceeding Wall Street expectations [4]. - The company's remaining performance obligations (RPO) increased by 11% in the first quarter, indicating a growing revenue pipeline as new contracts are being secured faster than older ones are fulfilled [5]. Growth Drivers - Strong interest in Check Point's cybersecurity solutions is expected to enhance its revenue pipeline for the second half of the year, with management noting that the cybersecurity industry remains insulated from macroeconomic uncertainties [6]. - The integration of AI tools into Check Point's cloud-based Infinity platform has led to a double-digit percentage increase in revenue from Infinity, outpacing overall revenue growth [7]. - The launch of AI-enabled firewall appliances, Quantum Force, has driven a 14% year-over-year increase in product and license revenue, positioning it as a primary growth driver [9]. Future Outlook - Analysts predict stronger growth for Check Point Software, with the stock currently trading at under 22 times forward earnings, which is lower than the Nasdaq-100 index's forward earnings multiple of 24.5 [12]. - If Check Point's stock aligns with the index's valuation and achieves an expected earnings level of $11.97 per share by the end of 2027, the stock price could rise to approximately $293, representing a 35% increase from current levels [12][13].
Check Point Software Technologies Receives Common Criteria EAL4+ Certification for Quantum Firewall Software R82
Globenewswire· 2025-05-01 15:46
Core Insights - Check Point Software Technologies has announced that its Quantum Firewall Software R82 has received Common Criteria EAL4+ certification, enhancing its reputation as a trusted security solution for critical infrastructure and government sectors globally [1][2][3] - The certification confirms that the R82 platform meets rigorous global standards for security, providing verifiable protection in highly regulated environments [2][3] - The evaluation was conducted by TÜV Informationstechnik GmbH, an accredited testing facility, and the certification is recognized in over 30 countries under international agreements [2][3] Company Overview - Check Point Software Technologies is a leader in cyber security solutions, protecting over 100,000 organizations worldwide with AI-powered technologies [4] - The company employs a hybrid mesh network architecture with SASE at its core, offering a unified management approach for on-premises, cloud, and workspace environments [4]