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Check Point to focus on home network cybersecurity in new normal

3 Min Read JERUSALEM (Reuters) - Check Point Software Technologies will focus on security services for remote working this year, the Israel-based company said on Wednesday after reporting better than expected quarterly profit and 2020 revenue that topped $2 billion FILE PHOTO: The logo of network security provider Check Point Software Technologies Ltd is seen at their headquarters in Tel Aviv, Israel August 14, 2016. REUTERS/Baz Ratner Chief Executive Gil Shwed said that cloud, network and remote-access security product sales grew sharply last year as a hybrid home-office work environment became the new normal as the COVID-19 pandemic developed a situation he says is likely to remain even after the coronavirus crisis.

Check Point Software fourth quarter profit, revenue gains top estimates

3 Min Read JERUSALEM (Reuters) - Check Point Software Technologies will focus on security services for remote working this year, the Israel-based company said on Wednesday after reporting better than expected quarterly profit and 2020 revenue that topped $2 billion FILE PHOTO: The logo of network security provider Check Point Software Technologies Ltd is seen at their headquarters in Tel Aviv, Israel August 14, 2016. REUTERS/Baz Ratner Chief Executive Gil Shwed said that cloud, network and remote-access security product sales grew sharply last year as a hybrid home-office work environment became the new normal as the COVID-19 pandemic developed a situation he says is likely to remain even after the coronavirus crisis.

Check Point Software Technologies Ltd (NASDAQ:CHKP) - Check Point Software: Q4 Earnings Insights

Company Profile Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2017, 47% of its revenue was from the Americas, 36% from Europe, and 17% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.  

Check Point Software Q4 Results Top View

Check Point Software Q4 Results Top View TEL AVIV (dpa-AFX) - Cyber security solutions provider Check Point Software Technologies Ltd. (CHKP) reported Wednesday that net income for the fourth quarter grew to $270.8 million or $1.95 per share from $272.3 million or $1.84 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $301.0 million or $2.17 per share, compared to $299.3 million or $2.02 per share in the year-ago quarter. On average, 27 analysts polled by Thomson Reuters expected the company to report earnings of $2.11 per share for the quarter. Analysts estimates typically exclude special items. Total revenue for the quarter increased 4 percent to $563.8 million from $543.8 million in the same quarter last year. Analysts expected revenues of $555.4 million.

IT Security-as-a-Service Market - Global Industry Analysis, By Key Players, Segmentation, Trends and Forecast By 2025

IT Security-as-a-Service Market - Global Industry Analysis, By Key Players, Segmentation, Trends and Forecast By 2025
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