Check Point Software Technologies Ltd. Stock

Description Check Point Software

Check Point Software (symbol CHKP) is an Israeli-based multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, and data security. The company was founded in 1993 by Gil Shwed, Marius Nacht, and Shlomo Kramer.

Check Point Software is traded on the NASDAQ exchange and is included in the NASDAQ-100 and S 500 indices. The company has a market capitalization of over $19 billion and in 2019, it reported revenue of over $1.9 billion.

Check Point Software products protect thousands of organizations worldwide, including Fortune 100 companies, from cyber attacks and other types of threat. The company is known for its flagship product, Check Point Firewall which secures businesses networks and data centers from cybercrime.

The company has received numerous accolades and awards, including being named a leader in the Gartner Magic Quadrant for Enterprise Network Firewalls multiple times.

Competitors of Check Point Software

Check Point Software (Symbol CHKP) operates in the cybersecurity industry, which is highly competitive and undergoing rapid innovation and consolidation. Therefore, the company faces several competitors, but the most important ones include:

1. Palo Alto Networks Inc (PANW): A leading cybersecurity solutions provider that offers services and products for network, cloud, and mobile security. The company has a broad range of offerings, including firewalls, endpoint protection, threat detection, and cloud security.

2. Fortinet Inc (FTNT): Another significant competitor in the cybersecurity space, Fortinet provides network security, threat prevention, and other cybersecurity solutions to businesses and government organizations worldwide.

3. Cisco Systems Inc (CSCO): A multinational technology company that provides networking and cybersecurity solutions to businesses and government organizations. Cisco's product offerings include firewalls, routers, intrusion detection and prevention systems, and security appliances.

4. Symantec Corporation (SYMC): A cybersecurity company that provides security software, services, and solutions to individuals and enterprises. The company's offerings include endpoint security, email security, and threat intelligence.

5. McAfee (MCFE): A leading cybersecurity company that provides a wide range of products and services for enterprise, consumer, and government customers. McAfee's offerings include antivirus software, network security, and cloud security.

Overall, Check Point Software faces significant competition from these companies and many other players in the highly competitive cybersecurity industry.

Suppliers of Check Point Software

Check Point Software Technologies Ltd. is an Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, data security, and security management.

As a software company, Check Point Software does not have traditional suppliers like a manufacturing company would. However, Check Point Software does rely on third-party vendors for hardware components and software development tools that are used to create their cybersecurity products.

Some of the most important suppliers for Check Point Software include:

1. Intel - Check Point has a long-standing partnership with Intel, which supplies many of the hardware components such as processors and chipsets for Check Point's security appliances.

2. Broadcom - Broadcom provides the Ethernet and Fibre Channel connectivity solutions that are used to connect Check Point's security appliances to different networks.

3. RedHat - Check Point's software runs on various operating systems, and RedHat is one of its most important suppliers of Linux operating systems.

4. Microsoft - As a provider of the most popular operating system for personal computers, Microsoft supplies many of the software development tools Check Point uses to build its products.

5. Amazon Web Services (AWS) – Check Point has partnered with AWS to provide cloud-based security solutions. AWS provides the cloud infrastructure on which Check Point's software runs.

These suppliers play a critical role in the success of Check Point Software by providing key components that enable the functionality of its cybersecurity products. Any disruptions or issues with these suppliers could potentially impact Check Point's ability to deliver its products to customers, affecting both revenue and reputation.