Cybersecurity
Check Point CEO Hustles to Stay on Top Amid Cyber Stock Surge
This article is for subscribers only.
High-profile cyberattacks have driven shares of Check Point Software Technologies Ltd. to the highest since 2001. But the world’s top firewall provider isn’t getting too comfortable.
Chief Executive Officer Gil Shwed, who reported first-quarter earnings on Monday, is stepping up efforts to defend against younger competitors like Palo Alto Networks Inc., whose sales are forecast to grow nearly six times faster than Check Point’s in 2015. The Tel Aviv-based company bought two cybersecurity startups this year, its first acquisitions since 2011, Bloomberg data show.