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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Check Point Software Technologies Ltd.    CHKP   IL0010824113

CHECK POINT SOFTWARE TECHNOLOGIES LTD.

(CHKP)
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Check Point Software Introduces Harmony at First Virtual CPX360, the Premier Online Gathering of Security Leaders

02/23/2021 | 01:45pm EST

SAN CARLOS, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, has today kicked off its annual customer and partner event, CPX360. The two-day virtual event is dedicated to addressing today’s – and tomorrow’s – most pressing cybersecurity challenges, and helping organizations of all sizes develop strategies to prevent cyberthreats and sophisticated hackers impacting their business.

In his keynote ‘New World, New Opportunities’, Check Point founder and CEO Gil Shwed describes the global impact of the dramatic shift to home working in 2020 as a result of the COVID-19 pandemic – and how we saw a huge increase in all types of cyberattacks over the past year, with a 50% surge in sophisticated cyber-attacks. Looking ahead, Shwed states that 74% of organizations will enable employees to work from home or work in ‘hybrid mode’ permanently in 2021 and beyond, and highlighted the urgent need to secure these new distributed workplaces against advanced attacks.

Gil Shwed described his vision of the new security challenges on the horizon. He said: “We are now facing Gen V cyber-attacks, which are multi-vector, polymorphic and evasive, making them very difficult to identify. However, the biggest challenge is that a majority of organizations are only using Gen III security technology, which is incapable of detecting this current generation of attacks. Our priority is to bridge that security generation gap and move organizations to Gen V security technologies to protect their future.”

Also speaking at the event is Chris Krebs, the former U.S. Director of the Cybersecurity and Infrastructure Security Agency (CISA). In his keynote, ‘Behind the Scenes of a Cyber Pandemic’, he discusses his first-hand experience in his CISA role and some of the challenges he has had to overcome as the U.S. administration's most senior cybersecurity official responsible for securing the presidential election.

Additionally, Itai Greenberg, VP of Product Management reveals Check Point’s new solution announcements, including Check Point Harmony, the first unified solution to enable secure connectivity to any resource anywhere and give total endpoint protection for users on any device. Harmony secures both corporate and BYOD devices, and internet connections from known and zero-day attacks, while giving Zero-Trust access to business applications in a single, easy to manage solution. Greenberg also gave insights into Check Point’s solution roadmap for the next year, and how its three key technology pillars will secure corporate networks, cloud deployments, and employees in any location.

Other keynote speakers include Mac Avancena, the CISO of Kern County, California, who describes the “CISO Life, Corona Style” covering the security and remote working challenges he has overcome during the pandemic. Maya Horowitz, Director of Threat Intelligence & Research, who leads Check Point’s malware research globally also discusses how malware is evolving, and emerging trends.

This year, CPX 360 event is running virtually on Tuesday 23rd and Wednesday 24th of February and will offer an exclusive behind the scenes look at the current cyber-pandemic. With more than 21,000 registered people worldwide, this year’s conference is supported by over 21 sponsors and exhibitors.

CPX 360 2021 resources
The full agenda is available online.

Follow Check Point via:
Twitter: http://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: http://blog.checkpoint.com
YouTube: http://www.youtube.com/user/CPGlobal
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading provider of cyber security solutions to governments and corporate enterprises globally. Its solutions protect customers from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware, and other types of attacks. Check Point offers its multilevel security architecture, Infinity Total Protection with Gen V advanced threat prevention, which defends enterprises’ cloud, network and mobile device held information. Check Point provides the most comprehensive and intuitive one point of control security management system. Check Point protects over 100,000 organizations of all sizes.

Media Contact                     Investor Contact
Emilie Beneitez Lefebvre      Kip E. Meintzer
Check Point Software Technologies                              Check Point Software Technologies        
press@checkpoint.com                      ir@us.checkpoint.com 

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Financials (USD)
Sales 2020 2 057 M - -
Net income 2020 837 M - -
Net cash 2020 3 942 M - -
P/E ratio 2020 19,4x
Yield 2020 -
Capitalization 16 018 M 16 018 M -
EV / Sales 2020 5,87x
EV / Sales 2021 5,54x
Nbr of Employees 5 258
Free-Float 42,9%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Average target price 133,38 $
Last Close Price 114,25 $
Spread / Highest target 35,7%
Spread / Average Target 16,7%
Spread / Lowest Target -3,72%
EPS Revisions
Managers and Directors
NameTitle
Gil Shwed Chief Executive Officer & Director
Tal Payne Chief Operating & Financial Officer
Jerry T. Ungerman Chairman
Ray A. Rothrock Independent Director
Yoav Z. Chelouche Independent Director
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