We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Check Point Enhances Infinity Platform With ForceNock Buyout
Read MoreHide Full Article
Check Point Software Technologies Ltd. (CHKP - Free Report) recently announced that it has acquired Israel-based security technology provider, ForceNock Security Ltd for an undisclosed amount.
The company believes that the growing usage of Cloud, Network, Mobile, Endpoint and IoT requires comprehensive yet powerful security technologies. To address this requirement, Check Point aims to integrate ForceNock’s technology into its Infinity architecture, which provides effective protection from Gen V and succeeding generations of cyber-attacks. Infinity consolidates security in a platform, which encompasses the network, mobile and cloud.
ForceNock, about a couple years old, uses machine learning-based, easily deployable security engine for Web Application and API (Application Program Interface) Protection, to eliminate the need of security teams to manage various complicated configurations while maximizing security. This makes it suitable for enhancing Check Point’s Infinity architecture.
Dorit Dor, Vice President of Products, Check Point said “Incorporating ForceNock’s technology into our Infinity Architecture will enable us to continue to provide the highest level of security for our customers worldwide and strengthens our machine learning protection capabilities.”
Check Point Rides on Acquisitions
Acquisitions have helped Check Point in broadening portfolio, capabilities and enter into newer market, which has eventually driven its revenues.
In the last two decades, the company acquired 11 businesses to expedite growth. The notables among them were Lacoon Mobile Security, Hyperwise, Liquid Machines, Dynasec Ltd., and the security appliance business of Nokia Corporation.
In the last reported quarter, Check Point acquired Dome9, with which it expects to boost Infinity architecture and CloudGuard security offering.
With the ForceNock buyout, the company will not only enhance its portfolio, but will also boost its Infinity sales strategy, which is currently one of its prime focuses.
Though the terms of the deal were not disclosed, we believe that Check Point is comfortably positioned to make acquisitions. This is evident from the last reported quarter, which the company exited with cash and cash equivalents, marketable securities and short-term deposits of $4.07 billion compared with $4.04 billion in the prior quarter.
Check Point Software Technologies Ltd. Revenue (TTM)
Long-term earnings growth rate for Synopsys, Infineon and Marvell is projected to be 10%, 8.62% and 9.38%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Check Point Enhances Infinity Platform With ForceNock Buyout
Check Point Software Technologies Ltd. (CHKP - Free Report) recently announced that it has acquired Israel-based security technology provider, ForceNock Security Ltd for an undisclosed amount.
The company believes that the growing usage of Cloud, Network, Mobile, Endpoint and IoT requires comprehensive yet powerful security technologies. To address this requirement, Check Point aims to integrate ForceNock’s technology into its Infinity architecture, which provides effective protection from Gen V and succeeding generations of cyber-attacks. Infinity consolidates security in a platform, which encompasses the network, mobile and cloud.
ForceNock, about a couple years old, uses machine learning-based, easily deployable security engine for Web Application and API (Application Program Interface) Protection, to eliminate the need of security teams to manage various complicated configurations while maximizing security. This makes it suitable for enhancing Check Point’s Infinity architecture.
Dorit Dor, Vice President of Products, Check Point said “Incorporating ForceNock’s technology into our Infinity Architecture will enable us to continue to provide the highest level of security for our customers worldwide and strengthens our machine learning protection capabilities.”
Check Point Rides on Acquisitions
Acquisitions have helped Check Point in broadening portfolio, capabilities and enter into newer market, which has eventually driven its revenues.
In the last two decades, the company acquired 11 businesses to expedite growth. The notables among them were Lacoon Mobile Security, Hyperwise, Liquid Machines, Dynasec Ltd., and the security appliance business of Nokia Corporation.
In the last reported quarter, Check Point acquired Dome9, with which it expects to boost Infinity architecture and CloudGuard security offering.
With the ForceNock buyout, the company will not only enhance its portfolio, but will also boost its Infinity sales strategy, which is currently one of its prime focuses.
Though the terms of the deal were not disclosed, we believe that Check Point is comfortably positioned to make acquisitions. This is evident from the last reported quarter, which the company exited with cash and cash equivalents, marketable securities and short-term deposits of $4.07 billion compared with $4.04 billion in the prior quarter.
Check Point Software Technologies Ltd. Revenue (TTM)
Check Point Software Technologies Ltd. Revenue (TTM) | Check Point Software Technologies Ltd. Quote
Zacks Rank & Stocks to Consider
Check Point currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Computer and Technology sector are Synopsys, Inc. (SNPS - Free Report) , Infineon Technologies AG (IFNNY - Free Report) and Marvell Technology Group Ltd. (MRVL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for Synopsys, Infineon and Marvell is projected to be 10%, 8.62% and 9.38%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>