Check Point Software Stock News

REDWOOD CITY, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd.

U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure.

New Portal designed for MSSP's and distributors to streamline operations, providing faster service delivery and ease of doing business with Check Point.

The recent cybersecurity glitch triggered by a global technological outage exposed the underlying cyber threat as the world continues to embrace internet technology. The cyber glitch came against the backdrop of the recent cyber attacks on UnitedHealth Group (NYSE: UNH ), MGM Resorts (NYSE: MGM ), and Caesars Entertainment (NASDAQ: CZR ), two major casino operators in the country.

Cybersecurity issues are only getting worse, creating opportunities for some of the best cybersecurity stocks. Unfortunately, many of us, including businesses and governments around the world, still aren't prepared.

Check Point Software is recommended as a buy due to robust growth prospects, including accelerating billings growth, PNL segment turnaround, and strong demand for new products. CHKP is a cybersecurity company offering network and gateway security solutions, serving various industries. 2Q24 revenue grew 6.6%, driven by strong demand for the Infinity Platform and Harmony email. Growth reaccelerat...

The cybersecurity sector is poised for tremendous growth over the next decade. With cybercrimes continuing to rise at a record pace, cybersecurity stocks represent a compelling long-term investment opportunity.

Check Point reported its Q2 FY24 earnings, where revenue grew 7% YoY, driven by double-digit growth in Products & Subscriptions, while operating profit remained flat YoY. Although the company is driving AI-centered product innovation across its solutions and forging partnerships with Microsoft and Nvidia, the competitive landscape is fierce. So far, CHKP has been winning large deals among enter...