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FILE PHOTO: The logo of network security provider Check Point Software Technologies Ltd is seen at its headquarters in Tel Aviv, Israel, August 14, 2016. Picture taken August 14, 2016. REUTERS/Baz Ratner
Business Software Technologies
JERUSALEM: Check Point Software Technologies beat estimates with a slight rise in net profit in the third quarter and raised its 2021 estimates amid rapid growth of its consolidated cybersecurity platform and cloud protection products. Israel’s Check Point reported Thursday that it earned $1.65 a share, excluding one-time items, in the three months ended Sept. 30, compared with $1.64 a year earlier. Revenues rose 5 percent to $534 million. It was expected to earn $1.60 a share on revenue of $530 million, according to data from I/B/E/S Refinitiv. Growth in the third quarter was driven by a 172 percent increase in its Infinity platform, which consolidates network, mobile and cloud protection. It also posted double-digit sales increases in its Harmony and CloudGuard lines. “Companies are realizing that they need a more modern architecture … that consolidation makes sense, and in many cases their existing solutions aren’t working well enough and aren’t particularly efficient,” CEO Gil Shwed said in a press conference Nasdaq-listed Check Point shares opened 2, Up 4 percent to $120.95. So far in 2021, they have decreased by 11 percent after a 20 percent increase last year. Shwed said large-scale cyberattacks are on the rise, pointing to recent attacks on SolarWinds, Codecov, Colonial Pipeline and Kesaya. He said 95 percent of attacks start with email, but conventional products don’t always work with cloud-based email systems. In August, it acquired cloud email security company Avanan. “We’re still looking for acquisitions. We want to grow more,” Shwed said, adding that the company has $3.8 billion in cash justify. The company said it expects a solid fourth quarter with full-year results, with revenue of $560 million to $605 million and adjusted EPS of $2.02 to $2.22.
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For full 2021, it forecasts revenue of $2.13 billion to $2.72 billion and adjusted EPS of $6.81 to $7.01. It forecast revenue of $2.08 billion to $2.18 billion and adjusted EPS of $6.45 to $6.85, compared with 2020 results of $2.07 and $6.78, respectively.
Check Point said it repurchased 2.64 million shares in the quarter, valued at $325 million, as part of its share repurchase program. The company said it is expanding the program by another $2 billion and will continue to buy back up to $325 million of its own stock each quarter.
We know it’s hard to switch browsers, but we want your CNA experience to be fast, secure, and the best it can be. Traditional entrepreneurs always wonder why add technology and software to their business arsenal? The answer to this is the online competition of large mobile app development companies that can
Traditional entrepreneurs always wonder why add technology and software to their business arsenal? The answer to this is online competition from large mobile app development companies that can destroy the business of small and medium businesses. Therefore, it is wise to use technology and software to organize your business and presence on the Internet. This will help you conquer unknown and unexplored areas in the modern business world.
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Technology and software these days are pushing companies to expand into new territories. This has led to the adoption of tools and software in many small and medium-sized enterprises.
Adoption of software and technology in business is the way forward to conquer new territories. Therefore, the importance of technology in the business world is paramount. There are numerous benefits from digital transformation technologies, which will translate into growth.
Knowing the need for technology in business such as AI, IoT and ML only eases the manual work process and the time spent on it. Therefore, computerization and the use of appropriate software and business tools increase efficiency. In this way, time, resources and work are spent wisely. In short, having custom software is a blessing and the business will grow exponentially.
The implementation of software and technologies leads to an increase in productivity and accuracy. Accounting, tracking and labor management can be done with the help of IOT applications in business automation. This helps in accurate reporting of details. It also increases the overall productivity of the team.
Check Point Software’s Cyber Security Predictions For 2021
The ability to store data in the cloud or locally keeps your business safe. You or someone you trust has access to the credentials. Therefore, leakage cannot happen, and your business and key data will be in safe hands. This shows that using technology in business will ensure the security of your data.
There are a lot of software that identify errors and warn you in time. This results in zero error and gaps can be easily identified. There is software that analyzes the vulnerability and applies countermeasures to fix it. Therefore, the chances of errors are minimized and in most cases negligible. It also helps prevent losses due to slippage.
We’ve talked before about the importance of software and technology in the workplace. Let’s look at the tools that make the task more structured, simpler and more efficient. These instruments help in the promotion of the company and its exponential growth of digital asset management. As a result, it is crucial for us to have a basic understanding of the technology being used.
When it comes to publishing content on the platform, a content management system does the work. One example of a CMS platform for creating websites is WordPress. It has numerous themes that look great aesthetically. Also, it gives you the ability to edit the content according to your needs.
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Landing pages are trending these days to reduce customer distraction. It generally has a single call-to-action (CTA) button, so the visitor can only take one action. This results in increased business sales because the visitor has only one choice.
One way to increase your business sales is to develop a dedicated website. It has several pages including services, homepage, about us, etc. This will provide the visitor with in-depth knowledge about the products you offer.
It is the process of increasing the number of visitors to your website and increasing traffic. SWO or Search Engine Optimization uses many tricks and techniques to increase traffic. This results in better audience visibility and therefore your site performs well.
It refers to social media management where your business gets exposure on social media platforms. There are leading platforms like FB, Instagram etc that act as middlemen to bring you sales. People who spend time on social media, the chances of your product being noticed are high.
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Let’s say you are a client looking for a business mentor. Search for business mentors on Google and get the best result. You search for their site and decide to check out their logs and media pages online when you see that they used to post consistently and now they haven’t posted in a month. What’s going through your brain? Probably leave that page and look at the next query item on Google.
The goal of a web media presence for your business is to attract people to your business and then have it. Taking a break from posting gives the impression that no one is communicating effectively with your company. You’ll see your devotee and engagement pattern crash forever, so when you come back from a promotion break, you’ll end up playing catch-up to get back to where you were before the break.
Taking an advertising break makes your business take a break. Potential clients will see a break in your presentation and find you less trustworthy. You may also miss important messages from customers. In case you had a partner who suddenly started missing calls, texts and messages, chances are you didn’t trust him too much even after he started noticing your messages again.
When it comes to lead generation, there are many companies that have a niche in it. Generating leads is one of the most important things for a business. This is because potential clients turn into sales and thus ensure the company’s profit. Therefore, it is necessary to have an excellent business model and strategy. They are provided by various marketing agencies in the market.
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