The Latest Breaking News from Check Point Software Technologies Ltd

While the market is currently facing macroeconomic headwinds, the emerging trends in technology and increasing spending should help the software sector stay afloat. Therefore, we think investors shouldn’t hesitate to invest in quality software stocks Fortinet (FTNT), Check Point Software (CHKP), Informatica (INFA), and CSG Systems International (CSGS) this year.…

With increasing tech dependency, companies are growing increasingly vulnerable to cyberattacks. Therefore, investors keen to invest in quality software security stocks could keep an eye on Fortinet (FTNT), Check Point Software (CHKP), and OneSpan (OSPN) this year. Continue reading….

Due to increasing cyber-attacks with enterprises rapidly digitalizing their operations and migrating to cloud platforms, the cybersecurity industry has benefited significantly over the past year. However, considering the macroeconomic headwinds, it could be worth watching prominent cybersecurity stocks CyberArk Software (CYBR), Rapid7 (RPD), Check Point Software Technologies (CHKP), Qualys (QLYS),…

Increased tech dependency has boosted the demand for cybersecurity. Moreover, the Russia-Ukraine war has amplified the prospects of cyberattacks, making digitalized enterprises and governments spend more on cybersecurity. So, fundamentally sound cybersecurity stocks Check Point Software Technologies (CHKP) and Qualys (QLYS) could be ideal investments now. However, CrowdStrike Holdings (CRWD)…

The cybersecurity industry is well-positioned to register solid growth in the long run as organizations continue to integrate advanced technologies in their business models and increasing amounts of data is accessed over the internet. Against this backdrop, we think adding the stocks of cybersecurity concerns Check Point Software (CHKP), OneSpan…

With rising digital connectivity and rapid digitization worldwide, ransomware attacks and cyber-hacking are on the rise. To defend against such threats, businesses are spending extensively on cybersecurity solutions, fueling the growth of the cybersecurity industry. Therefore, we believe it could be wise to buy the price dip in high-quality cybersecurity…

Check Point Software Technologies Ltd (NASDAQ:CHKP) reported first-quarter FY22 revenue growth of 7% year-on-year to $543 million, beating the consensus of $534.3 million. Revenue from Products and licenses grew 6% Y/Y to $115.9 million, Security subscriptions increased 13.6% Y/Y to $201.6 million, and Software updates and maintenance grew 1.9% Y/Y to $225.2 million.…

Check Point Software Technologies Ltd (NASDAQ: CHKP)