Fortinet (FTNT) stock gapped up to a new high Tuesday, and many security software stocks rose, after the company late Monday posted its biggest quarterly billings growth since its IPO in 2009. Early Monday, security vendor Check Point Software (CHKP) posted Q1 results that beat on the top and bottom lines, sending its stock up more than 5% that day. In early afternoon trading in the stock market today, Check Point stock was up 0.3%, but hit a
Check Point Software (CHKP) early Monday reported Q1 earnings that topped Wall Street views, sending the stock to a 14-year high, though its Q2 revenue outlook was slightly below analyst estimates. The Tel Aviv, Israel-based network security vendor posted earnings per share excluding items of 95 cents, up 14% from year-earlier quarter. Revenue rose 9% to $372 million. Analysts polled by Thomson Reuters had expected 91 cents and $370 million. Check
Check Point Software Technologies (CHKP) announced Wednesday that it acquired Tel Aviv, Israel-based startup Hyperwise, which has developed new central processing unit-level threat-prevention technology. Internet and network security provider Check Point, also based in Tel Aviv, said in a press release that current approaches to threat prevention have traditionally focused on detecting and blocking malware after the malware is already active. The