FireEye (FEYE) took a body blow Monday on Wall Street, with one analyst positing that the network securer wouldn’t survive stout competition from Cisco Systems (CSCO), Check Point Software and Palo Alto Networks. Together, Cisco, Check Point (CHKP), Palo Alto (PANW) and privately-held Mandiant hold 48% of the firewall market and use their own “sandbox” technology, Piper Jaffray analyst Andrew Nowinski wrote in a research report. Nowinski
Check Point Software Technologies (CHKP) early Wednesday reported second-quarter earnings that topped Wall Street estimates amid increasing demand for threat-prevention and mobile-security products. The Internet security provider reported a 9% year-over-year increase in Q2 revenue to $395 million. Earnings per share excluding items rose 11% to 99 cents. Analysts polled by Thomson Reuters had expected EPS minus items of 95 cents and $392.5 million
Mobile devices are a company’s biggest vulnerability, according to a new security report out Tuesday from Check Point Software (CHKP). The San Carlos, Calif.-based company’s 2015 Security Report, its third annual report, is based on more than 300,000 hours of monitored network traffic. It outlines major security threats that are impacting organizations worldwide. The network security company said malware is rising at “alarming rates,” with