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Check Point (CHKP) & Canada's TELUS Team Up for CSPM Service
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Check Point Software Technologies (CHKP - Free Report) recently announced that it has collaborated with TELUS, a Canada-based communications technology company, to launch the TELUS Cloud Security Posture Management (“CSPM”) service in Canada.
The management solution is integrated with Check Point’s artificial intelligence (AI)-powered threat prevention and high-fidelity posture management technology. It will aid organizations in Canada to easily monitor cloud security posture in real-time and detect, remediate and report on vulnerabilities.
Currently available for Canadian firms, TELUS CSPM will enable organizations to get access to detailed security posture reports. This will help organizations manage and maintain regulatory compliance standards, including PCI DSS HIPAA, CIS benchmarks and NIST CSF/800-53.
Check Point Software Technologies Ltd. Price and Consensus
Check Point’s sustained focus on launching products with enhanced capabilities that adhere to continuously evolving cyber threats is driving the demand for its product and services. In May, the company announced the general availability of its industry-leading Next-Generation Cloud Firewall natively integrated with Microsoft Azure Virtual WAN to provide customers with top-notch security. In the same month, the company expanded its Harmony Endpoint protection solution with the incorporation of vulnerability and automated patch management capabilities.
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 their systems, from cloud to network to endpoint. In February, Check Point introduced Check Point Infinity Spark, a threat prevention solution for small and medium-sized businesses that deliver 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 $588.2 million.
Zacks Rank & Key Picks
Check Point currently carries a Zacks Rank #3 (Hold). Shares of CHKP have gained 1.8% over the past year.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised downward by 5 cents to $2.82 per share over the past 30 days. For 2023, earnings estimates have moved north by a penny to $11.94 in the past seven days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have soared 70.4% in the past year.
The Zacks Consensus Estimate for ServiceNow’s second-quarter 2023 earnings has been revised northward by 6.2% to $2.05 per share over the past 60 days. For 2023, earnings estimates have moved up by 43 cents to $9.59 in the past 60 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 gained 9.4% in the past year.
The Zacks Consensus Estimate for Dropbox’s second-quarter 2023 earnings has been revised southward from 41 cents to 45 cents per share over the past 60 days. For 2023, earnings estimates have moved up by 10.1% to $1.85 in the past 60 days.
DBX's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 10.4%. Shares of the company have jumped 18.9% in the past year.
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Check Point (CHKP) & Canada's TELUS Team Up for CSPM Service
Check Point Software Technologies (CHKP - Free Report) recently announced that it has collaborated with TELUS, a Canada-based communications technology company, to launch the TELUS Cloud Security Posture Management (“CSPM”) service in Canada.
The management solution is integrated with Check Point’s artificial intelligence (AI)-powered threat prevention and high-fidelity posture management technology. It will aid organizations in Canada to easily monitor cloud security posture in real-time and detect, remediate and report on vulnerabilities.
Currently available for Canadian firms, TELUS CSPM will enable organizations to get access to detailed security posture reports. This will help organizations manage and maintain regulatory compliance standards, including PCI DSS HIPAA, CIS benchmarks and NIST CSF/800-53.
Check Point Software Technologies Ltd. Price and Consensus
Check Point Software Technologies Ltd. price-consensus-chart | Check Point Software Technologies Ltd. Quote
Check Point’s sustained focus on launching products with enhanced capabilities that adhere to continuously evolving cyber threats is driving the demand for its product and services. In May, the company announced the general availability of its industry-leading Next-Generation Cloud Firewall natively integrated with Microsoft Azure Virtual WAN to provide customers with top-notch security. In the same month, the company expanded its Harmony Endpoint protection solution with the incorporation of vulnerability and automated patch management capabilities.
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 their systems, from cloud to network to endpoint. In February, Check Point introduced Check Point Infinity Spark, a threat prevention solution for small and medium-sized businesses that deliver 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 $588.2 million.
Zacks Rank & Key Picks
Check Point currently carries a Zacks Rank #3 (Hold). Shares of CHKP have gained 1.8% over the past year.
Some better-ranked stocks from the broader Computer and Technology sector are Meta Platforms (META - Free Report) , ServiceNow (NOW - Free Report) and Dropbox (DBX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised downward by 5 cents to $2.82 per share over the past 30 days. For 2023, earnings estimates have moved north by a penny to $11.94 in the past seven days.
META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have soared 70.4% in the past year.
The Zacks Consensus Estimate for ServiceNow’s second-quarter 2023 earnings has been revised northward by 6.2% to $2.05 per share over the past 60 days. For 2023, earnings estimates have moved up by 43 cents to $9.59 in the past 60 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 gained 9.4% in the past year.
The Zacks Consensus Estimate for Dropbox’s second-quarter 2023 earnings has been revised southward from 41 cents to 45 cents per share over the past 60 days. For 2023, earnings estimates have moved up by 10.1% to $1.85 in the past 60 days.
DBX's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 10.4%. Shares of the company have jumped 18.9% in the past year.