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Cybersecurity

Obama’s Cybersecurity Lifts Check Point: Israel Overnight

Check Point Software Technologies Ltd. had its longest stretch of daily gains since 2010 on prospects demand from governments for more advanced cybersecurity will fuel profit growth for the Israeli company.

Shares of Check Point rallied 4 percent in New York over the seven days to May 10 to $48.40, fueling a 1.9 percent advance in the Bloomberg Israel-US Equity Index of the biggest Israeli companies in the U.S last week. EZchip Semiconductor Ltd. led gains on the measure last week, jumping 13 percent to a three-month high after posting a 6.1 percent sales increase.