Stock News in Focus: Check Point Software Technologies’ (NASDAQ:CHKP)

Check Point Software Technologies’ (NASDAQ:CHKP) stock observed trading -20.64% off 52-week high price. On the other end, the stock has been noted 31.60% away from low price over the last 52-weeks. The stock disclosed a move of 1.15% away from 50 day moving average and -4.39% away from 200 day moving average. Moving closer, we can see that shares have been trading 9.84% off 20-day moving average. It has market cap of $16.11B.

On April 9, 2020, Appdome, the industry defining, no-code mobile integration and solutions platform, reported that it has joined Check Point Software Technologies’ (NASDAQ:CHKP) OPSEC Technology Partner Program. Appdome is also introducing Appdome for SandBlast App Protect, a no-code solution that empowers organizations to build Check Point’s mobile threat defense service into Android and iOS apps and combine it with Appdome app-level security to achieve comprehensive protection.

CISOs are aware of the need for mobile app security, but they often lack the ability to control product roadmaps or assign development resources. Organizations using Appdome can build the Check Point SandBlast App Protect service into any app, with no development resources or coding required.

With SandBlast App Protect, mobile developers can secure their iOS and Android customer facing apps, and Appdome makes it so incredibly easy to build the SDK into any app, said Itai Greenberg, vice president of product management and marketing at Check Point. Once SandBlast App Protect is incorporated into an app, it is able to understand the environment in which it is operating, assess its risk, and prevent compromise from a wide array of threats.

The Israel based company Check Point Software Technologies Ltd. moved with change of -1.57% to $105.36 with the total traded volume of 1268069 shares in recent session versus to an average volume of 1.54M. The stock was observed in the 5 days activity at 6.70%. The one month performance of stock was 16.10%. CHKP’s shares are at -5.68% for the quarter and driving a -16.08% return over the course of the past year and is now at -5.05% since this point in 2018.  Right now the stock beta is 0.67. The average volatility for the week and month was at 3.58% and 6.82% respectively. There are 152.91M shares outstanding and 120.80M shares are floated in market.

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