Check Point profit forecast spikes up as threat prevention and mobile security technologies expands
Check Point Software Technologies LTD has claimed a profit forecast increase as their threat prevention and mobile security technologies expands to mobile phone cybersecurity. Mobile cybersecurity is currently the weakest type of security out there, and Check Point decided on jumping in and improving them. This year they launched two cyber-security start-ups, Hyperwise and Lacoon Mobile Security, which are made to work in harsh environments and "also launched a product with VMWare for cloud security " (Cohen). These new mobile improvements have increased demand for the products, increasing the companies full-year adjusted profit forecast from $3.90 to $4.02 a share to $4.08 to $4.16.