U.S. telecom behemoth Verizon Communications Inc. (VZ - Free Report) has enhanced cloud cybersecurity for its enterprise customers by adding security software of Check Point Software Technologies Ltd. (CHKP - Free Report) in its Virtual Network Services (VNS) platform.
Cyber security is becoming a mission-critical, high-profile requirement. Check Point has a rich experience in the security space and continuously delivers mission-critical solutions. Recently, the company launched ThreatCloud IntelliStore, a threat-intelligence product suite enabling enterprises to choose from different customized threat neutralizing solutions. Verizon has integrated Check Point's security solution for its VNS platform for two reasons. First, Check Point’s product suite has customer demand and second, it has the ability to scale the software to meet different enterprise needs.
Inclusion of Check Point’s product suite is part of Verizon’s broader plan to install an easily accessible software-defined technology ecosystem. This will enable global enterprises to deploy and manage virtual networks with flexible bandwidth and security. In addition to Check Point, other security tools that Verizon has incorporated in its VNS include Palo Alto Networks Inc., Fortinet Inc., Juniper Networks Inc. (JNPR - Free Report) and Cisco Systems Inc. (CSCO - Free Report) .
In a separate development, Verizon has integrated Versa Networks to its software-defined networking (SDN) solutions. The company will use its existing SD-WAN services and Versa Networks’ Versa FlexVNF (virtual network functions) Software, which combines networking and security functions in a single software to provide a suite of Layer 3 to Layer 7 IP services built on a cloud-native, multitenant software platform.
Verizon’s objective is to expand managed services to a broader segment of small and medium businesses in response to rising demand for virtualized services. Verizon’s SDN solutions platform includes software-based networking, cloud-based end-user management and virtualized security services, which are used to simplify branch network architectures.
Price Performance of Verizon
Verizon’s shares have increased 6.60%, outperforming the industry’s gain of 1.24% in the last three months. The company currently holds a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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