Check Point Software Technologies (CHKP Quick QuoteCHKP - 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.

Some better-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META Quick QuoteMETA - Free Report) , Momo (MOMO Quick QuoteMOMO - Free Report) and ServiceNow (NOW Quick QuoteNOW - Free Report) . Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), and ServiceNow carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.

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The Zacks Consensus Estimate for Momo’s first-quarter 2023 earnings has been revised southward from 36 cents per share to 32 cents over the past 30 days. For 2023, earnings estimates have moved down by 3 cents to $1.55 in the past 30 days.

MOMO's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 31.9%. Shares of the company have gained 80.7% in the past year.

The Zacks Consensus Estimate for ServiceNow’s second-quarter 2023 earnings has been revised northward by 11 cents to $2.04 per share over the past 30 days. For 2023, earnings estimates have moved up 39 cents to $9.54 in the past 30 days.

NOW's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 10.4%. Shares of the company have moved up 5.1% in the past year.