Stock in News Spotlight: Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock experienced trading -5.09% off 52-week high price. On the other end, the stock has been noted 54.87% away from low price over the last 52-weeks. The stock disclosed a move of 7.92% away from 50 day moving average and 12.55% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.86% off 20-day moving average. It has market cap of $17.38B.

On Aug. 11, 2020, Check Point Software Technologies Ltd. (NASDAQ:CHKP) a leading provider of cybersecurity solutions globally. The technical alliance between the two companies gives enterprises and critical infrastructure operators the real-time cybersecurity and visibility they need to protect OT and industrial control system (ICS) networks from cyberattacks.

This announcement follows the release of Check Point’s Internet of Things (IoT) Protect solution, which prevents IoT cyberattacks by adapting protections to any IoT or OT device across smart-office, smart-building, medical, and industrial environments. As one of Check Point’s technology partners, Claroty supports the discovery and classification of OT devices in a variety of verticals, giving Check Point customers an integrated end-to-end security solution.

We are excited to bring Claroty to our customers as part of Check Point’s IoT Protect Discovery program, said Russ Schafer, Head of Product Marketing at Check Point. The combination of Claroty’s Continuous Threat Detection (CTD) and Check Point’s IoT Protect threat prevention solution provides our industrial customers the visibility, security, and automation to protect networks from emerging IoT threats.

The Israel based company Check Point Software Technologies Ltd. moved with change of -0.52% to $123.99 with the total traded volume of 1574007 shares in recent session versus to an average volume of 1.08M. The stock was observed in the 5 days activity at 0.50%. The one month performance of stock was 6.31%. CHKP’s shares are at 18.02% for the quarter and driving a 13.31% return over the course of the past year and is now at 11.74% since this point in 2018.  Right now the stock beta is 0.68. The average volatility for the week and month was at 1.67% and 2.53% respectively. There are 141.50M shares outstanding and 109.83M shares are floated in market.

Lupaka Announces a Grant of 1.75 million Incentive Stock Options

Lupaka Gold Corp. has granted 1.75 million incentive stock options to employees, consultants, officers and directors of the Company, under its 2010 Incentive Stock Option Plan. The incentive stock options are effective as of June 22, 2020. The options have vest time of over 18 months from date of grant and these are exercisable at a rate of $0.05 per share till June 22, 2025. The stock options are effective June 22, 2020.

The company previously granted 3.70 million incentive stock options in September 2019 to the company’s directors, officers, consultants and employees. The deemed exercise price for the incentive stock options was $0.02 per share however company reset the price at $0.05 per share as TSX Venture Policy 4.4 allows minimum exercisable price of $0.05 per share.

Lupaka works on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of Peru. It is a Canadian-based company.

Savills Appoints New Chairman and CEO Of North America

Savills has announced that the company has appointed Mitchell Rudin as the Chief Executive Officer and Chairman of North America with effect from June 30, 2020. The newly appointed Chairman and CEO of North America, Mr Savills joined the company back in 2018 and he became the President of the company on January 1, 2019 after successfully replacing Mitchel Steir, who has decided to step down after serving the company for more than 37 years.

Previously, the outgoing Mitchel Steir has led the management of Savills North America since 2002. Previously Mr. Rudin served as the Chief Executive Officer of the MackCali Realty Corporation, where he has played a key role in transitioning the portfolio of the company.

Group & Global Chief Executive Officer of Savills, Mark Ridley said, “Mitchell Rudin joined Savills North America 18 months ago and, as President, has already revitalized our management team, including expanding our commitment to diversity and inclusion at the executive level, and led the continued growth of our business.”

“We are confident that he is the right leader to take Savills forward in North America, driving growth, and delivering sustainable value for our clients and shareholders. On behalf of the Board, I want to sincerely thank Mitch Steir for his many outstanding contributions to the firm. We wish him well in his future endeavors,” Mark Ridley added.

Mitchell Steir said, “The global pandemic Covid-19 has forced all of us to pause and reassess our approaches to both business and everyday life. After much reflection, I have concluded that it is time for me to step down from my current position as CEO. Leaving the company I helped build and saying goodbye to my many friends and wonderful colleagues has not been an easy decision.”

“I am extremely proud of how we grew the business from a half a dozen offices into a diversified real estate services group with 35 offices across the US, and which is now an integral part of a global company of over 600 offices. I take tremendous pride in what we’ve accomplished,” Mitchell steir concluded.

Vireo Health Announces Q1 2020 Fiscal Results

Vireo Health has announced the company’s first quarter 2020 financial results ended on March 31, 2020. The total revenue of the company increased with 110% YoY to $12.1 Million in the Q1 2020 as compared to the previous quarter of $5.8 million.

The retail revenue of the company reached approximately $8.2 million in the Q1 2020 as compared to the $5.2 million of the previous quarter of 2019. The wholesale revenue of the company increased by $3.3 million in the Q1 2020 as compared to the $610,771 in the previous quarter of 2019.

The gross profit of the company reaches at $3.4 million in the Q1 2020 as compared to the $2.1 million in the previous quarter of 2019. The total operating expenses of the company reached $9.7 million in the Q1 2020 as compared to the previous quarter of $3.7 million. Total other expenses of the company reached at $995,005 in the Q1 2020 as compared to the $4.6 million in the previous quarter of 2019.

Chief Executive Officer and Founder of Company, Kyle Kingsley said, “Our first-quarter results demonstrate the improving trajectory of our business, with sequential revenue growth of 34 percent representing the strongest quarter of growth in Vireo’s history.”

“As we continue to focus on optimizing our core medical markets, we believe there is significant untapped potential for Vireo to improve revenue growth and profitability as we increase scale in these attractive, limited-license jurisdictions,” Kyle Kingsley further added in his statement.

“We have many opportunities to continue growing our business organically through new product introductions, by expanding our footprint of operational dispensaries, and by continuing to improve our overall product and sales channel mix as compared to prior quarters,” Kyle added.

“We’re also cautiously optimistic that recent enhancements to point-of-sale protocols in response to COVID-19 like telemedicine consultations and curbside pick-up may become permanent in several of our markets, and we continue to believe that each of our core medical markets has the potential to enact adult-use legislation over the near- to medium-term future,” Kyle Kingsley concluded.

Finastra Appoints Neil Blagden as Chief Customer Officer

Finastra has announced that the company has appointed Neil Blagden as the Chief Customer Officer of the company’s executive leadership team. In his responsibility, the newly appointed CCO, Neil Blagden, would be responsible would oversee to design, deliver and enable innovative experiences for its customers.

The newly appointed CCO, Neil Blagden, has got years of experience in the domain of digital transformation, operations and customer support. Neil Blagden has focused on building ‘Customer-First’ culture in various organizations and companies he has worked with.

Prior joining the company, he has served as the Director of Customer Services, Operations & Digital at Vodafone UK, where he was responsible to oversee a number of fields to provide exceptional customer support to 24 million customers of Vodafone in different domains, including Internet of Things (IoT) Services, Broadband and internet.

Chief Executive Officer at Finastra, Simon Paris said, “Neil brings with him significant insight into shaping customer experience with the help of innovative technologies. His enthusiasm for his craft and proven track record aligns with our commitment to shape our solutions and the way we work with our customers.”

“We’ve always strived to build deep and long-lasting relationships with our customers, and long may this continue and evolve with Neil on board,” Simon Paris further added.

Sharing his thoughts, the newly appointed Chief Customer Officer, Neil Blagden said, “I am passionate about customer experience, which has always been the key focus throughout my career, and I’m excited to bring my learnings to Finastra.”

“The open innovation vision of the leadership team, and the value that the business places on ensuring the customer is at the heart of everything, is inspiring. I’m looking forward to accelerating that drive and deepening these relationships,” Chief Customer Officer Neil Blagden further added in his statement.

Opioid Prescription Rates And Orthopedic Injuries Decreased by 60% To 52%

According to the Study of American Academy of Orthopaedic Surgeons’, All the prevention efforts to combat the opioid by limiting exposures are now bearing fruits. The study further found the overall rates of Opioid prescription was decreased to 60% and has seen 52% drop in Orthopedic injuries between 10-18 years old individuals. However, the patients in the Midwest and Southwest were more frequently opioids, demanding further preventive measures from experts to bring the ratio to decline and equal to that of Northeast.

The report also witnessed the significant differences based on the regional difference. All the patients residing in the Midwest and Southwest were more likely to be prescribed opioids as compared to the patients residing in the Northeast with 63 percent and 30 percent respectively.

Chief of the Division of Orthopaedic Surgery at Children’s Hospital of Philadelphia, John M. Flynn, MD, said, “The statistics on opioid-related misuse are alarming and reducing the use of opioids in pediatric orthopaedic patients is essential.”

“As orthopaedic surgeons, we have a responsibility to realize that our surgical patients are more likely to die from their pain medicine than from the injury or operation,” John Flynn further added.

Clinical Outcomes Research Manager for the Division of Orthopaedics at Children’s Hospital of Philadelphia, Divya Talwar said, “We were happy to see the overall decline in prescription rates for opioids, especially with such a large data set.”

“The results indicate that the efforts to combat earlier exposure to opioids are having success in changing the prescribing habits of physicians in an acute care setting. However, we were definitely surprised that 54% of patients were still getting an opioid for an injury when they shouldn’t, demonstrating we still have work to do to reduce rates further,” Divya Talwar further added.

Inter-Dimensional Technologies Helps Companies To Monitor In-house Occupancy Amid Covid-19 Lockdown

Inter-Dimensional Technologies, a leading technology and software development company, has announced on Wednesday April 29, 2020 that the company has added an innovative feature to their RTC-P3 Electronic People Counter, which will help companies and corporations to monitor the in-house occupancy activities of their employees amid the Covid-19 lockdown.

According to the details released by the PR Newswire News Agency, the new innovative occupancy advancement of RTC-P3 Electronic People Counter to promote the social distancing practices to adhere to government mandates during the pandemic. The company was founded in the 1998 and the company’s primary product line is Electronic People Counter, which helps to count the number of people electronically.

Boss of Inter-Dimensional Technologies, Scott Cywinski said “Historically, most customers wanted electronic people counters to track the cumulative total number of people that enter a retail store or other public establishment, such as courthouses, museums and libraries.  However, in light of the COVID-19 Coronavirus pandemic, many companies are now contacting us in regards to tracking occupancy with our systems.”

“When non-essential businesses are allowed to reopen, they may be required to monitor their occupancy for a period of time, or otherwise simply want to promote social distancing, and give their customers peace of mind.  We expect public establishments from many industries to be contacting us for help in the near future,” Cywinski further added.

The system provided by the company allows customers to set an occupancy threshold by using their devices. After setting the initial threshold, when the system exceeds the threshold, the device will start a series of beeps. This series of beeping will immediately alert the employees that the maximum allowable occupancy has been exceeded.

Pohland Companies Appoints New Chief Financial Officer

The Pohland Group of Companies, a privately owned diversified group of organization spanning to Commercial Real Estate Development, automation and automobiles, have announced on Monday April 27, 2020 that it has appointed new Chief Financial Operations as Dennis Goetz, which will be responsible to regulate the company’s financial operations.

According to the details released by the PR News Wire News Agency, the newly appointed CFO will report to the Chief Administrator Officer, Matt Carter. Dennis Goetz will be responsible for regulating the analysis and financial reporting and will provide executive management and shareholders of the company with an appropriate understanding of the financial results. Furthermore, the newly appointed CFO will also adopt various business strategies, including the cash flow needs, financial returns, risks and capital.

Pohland Group of Companies Chief Executive Officer, Bert Colianni said, “We are thrilled that Dennis will be joining Pohlad Companies, bringing his deep functional expertise and technical knowledge in all aspects of corporate finance, financial planning and accounting to our organization.”

“He will be a strong partner as we pursue our strategic growth priorities and continue to create long-term value,” Colianni further added.

It is important to mention that the newly appointed Chief Financial Officer of Pohland Companies has got nearly 3 decades of experience in accounting and finance in both private and public companies, including the Buda di Beppo, Carlson Group of Companies and United Sports Brand. Most recently he was the founder of Boyd Consulting Group, a management consulting practice that specialized in advising financial governance.

Mr. Dennis Goetz is a certified management accountant and he has earned his degree in Master of Business Administration from the University of Minnesota Carlson School of Management and he has earned his Bachelor’s degree from the University of Wisconsin, Eau Claire.

News to Watch: Welltower Inc. (NYSE:WELL)

Welltower Inc. (NYSE:WELL) spotted trading -47.30% off 52-week high price. On the other end, the stock has been noted 102.31% away from the low price over the last 52-weeks. The stock changed 3.94% to recent value of $49.1. The stock transacted 4516823 shares during most recent day however it has an average volume of 4.44M shares. The company has 374.22M of outstanding shares and 374.22M shares were floated in the market.

On April 17, 2020, Welltower Inc. (NYSE:WELL) issued the following statement regarding the ongoing COVID-19 pandemic:

Welltower’s primary focus is on the ongoing support of our operating partners through these unprecedented times, commented Thomas J. DeRosa, Chairman and CEO.  We have made progress on the procurement and distribution of critical supplies, including PPE, and will continue to pursue all available options to further assist our operators throughout this pandemic.  While the impact of COVID-19 on our industry remains uncertain, we remain committed to making informed decisions during these turbulent times which we believe will lead to the long-term success of the Company, he added.

Seniors Housing Operating Portfolio Update

Since our last update on April 1, 2020, occupancy within our Seniors Housing Operating (SHO) portfolio has declined further as move-in criteria and screening have intensified in states more heavily impacted by COVID-19 including New York, New Jersey, Massachusetts and Washington. Between March 27, 2020 through April 3, 2020, occupancy within our total SHO portfolio fell 0.6% from 85.4% to 84.8%.  Subsequently, the portfolio experienced an additional 0.6% decline to 84.2% through April 10, 2020.  We anticipate further occupancy losses going forward as the number of communities with comprehensive move-in restrictions will likely expand to additional markets.

During the first quarter of 2020, SHO portfolio operating expenses had trended slightly below expectations through February.  However, the portfolio incurred approximately $7 million of unanticipated property level expenses associated with the COVID-19 pandemic in March 2020, driven by higher labor costs coupled with expenditures related to procurement of personal protective equipment and other supplies. While the anticipated decline in future SHO portfolio occupancy may result in some commensurate variable cost savings, we expect total SHO portfolio expenses during the pandemic to rise by approximately 5% relative to our original budget.

Its earnings per share (EPS) expected to touch remained 31.40% for this year while earning per share for the next 5-years is expected to reach at 13.00%. WELL has a gross margin of 48.10% and an operating margin of 21.40% while its profit margin remained 24.10% for the last 12 months.

The price moved ahead of 6.19% from the mean of 20 days, -21.81% from mean of 50 days SMA and performed -38.84% from mean of 200 days price. Company’s performance for the week was -13.25%, 47.80% for month and YTD performance remained -39.96%.