Check Point Software Technologies ( CHKP Quick Quote CHKP - Free Report) expanded its Harmony Endpoint protection solution in collaboration with Ivanti, a software development company based in South Jordan.
With the update, Check point incorporated vulnerability and automated patch management capabilities into Harmony Endpoint solution. The company integrated Ivanti’s Patch Management solution to assess and remediate software vulnerabilities from cloud to edge. This will enable Harmony users to automatically scan organizational endpoints with minimal performance impact and provide comprehensive visibility into the status of all devices.
Check Point’s Harmony Endpoint solution will feature auto-patching vulnerabilities, implementing security policies to ensure uninterrupted workflows. The integration intends to increase operational efficiency across organizations by automatically detecting, prioritizing and patching vulnerabilities to minimize attack surfaces.
Check Point’s sustained focus on launching products with enhanced capabilities, which adhere continuously evolving cyber threats, is driving the demand for its product and services. In March, the company launched Infinity Global Services. The service encompasses the company’s all security solutions that empower organizations of all sizes to fortify its systems from cloud to network to endpoint.
In February, the company introduced Check Point Infinity Spark, a threat prevention solution for small and medium-sized businesses that delivers industry-leading AI security and integrated connectivity.
Check Point is benefiting from growth in security subscriptions, which is aided by strong demand for its advanced solutions, primarily CloudGuard, Harmony, Sandblast Zero-day threat prevention and Infinity solutions. Increased demands for network security gateways to support higher capacities are aiding the adoption of the company’s remote access VPN solutions. The Zacks Consensus Estimate for Check Point’s second-quarter 2023 revenues is pegged at $588.4 million.
Zacks Rank & Key Picks
Check Point currently carries a Zacks Rank #3 (Hold). Shares of CHKP have lost 1.9% over the past year.
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