The group develops and sells solutions for the secure running and management of enterprise Internet, Intranet and Extranet infrastructures (firewall, anti-virus solutions, access control, electronic address management, etc. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. Since 2004, it has announced 13 acquisitions, most recently Check Point Software stock has had great momentum since the broader market tumbled in February and March. Copyright © 2020 MarketWatch, Inc. All rights reserved. Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! Shares of Check Point Software have increased 16.78% over the past quarter, and have gained 8.62% in the last year. https://www.profitconfidential.com/wp-content/uploads/2020/07/cyber-data-and-information-security-idea-yellow-padlock-and-key-on-purple-keyboard-computer_t20_ZxrdPR-300x200.jpg You can unsubscribe at any time.Stock Market Basics: How to Select the Best Tech Stocks in 2020Why Buying the "Dogs of the Dow" Could Pay Off in 2020Tech Stock Analysis: Top Tech Trends of 2020; Part 2Tech Stock Analysis: Top Tech Trends of 2020; Part 1Why Dow 30,000 Could Be a Conservative Target in 2020© Copyright 2020: Lombardi Publishing Corporation. Second-quarter earnings per share (EPS) jumped 14% year over year to $1.38 per share.Adjusted net income was up 6.6% year over year at $225.0 million, while adjusted EPS advanced 14.5% to $1.58.Cash flow from operations came in at $252.0 million, an eight percent increase year over year.Check Point ended the second quarter with cash, marketable securities, and short-term deposits of almost $4.0 billion.During the second quarter, the company repurchased about 3.1 million of its own shares for about $325.0 million.“Sales increased across multiple categories and segments, including our advanced technologies such as cloud, endpoint, and high performance network security,” said Gil Shwed, founder and CEO. Its solutions protect customers from cyber-attacks with an industry leading catch rate of malware, ransomware and other types of attacks. Its products include threat prevention, next generation firewalls, mobile security, and security management. The recent Twitter Inc (NYSE:TWTR) hack is another big reminder of just how important digital security is. View chkp business summary and other industry information. Check Point’s “Infinity” platform is the only consolidated cybersecurity product that works across cloud, mobile, networks, endpoints, and the Internet of Things.In addition to providing some of the world’s most advanced cybersecurity technology, Check Point has a long history of making strategic acquisitions. (Source: Ibid. Check Point Software Technologies Ltd. is the world leader in security solutions for Internet networks. Ordinary Shares (CHKP) at Nasdaq.com. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel. In comparison, the S&P 500 … This has intensified the need for companies to ensure that their information is protected in the cloud. Its products include threat prevention, next generation firewalls, mobile security, and security management. (Source: “A pioneer in firewall technology, Check Point sells its security products to a large number of Fortune and Global 100 companies.Its technology protects its customers from cyber-attacks with an industry-leading catch rate of ransomware, malware, and other types of attacks.
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