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.