With each successive data breach scare that’s hit corporate America in recent weeks, from JPMorgan Chase & Co. to Apple Inc. and then Home Depot Inc., the shares of an Israeli cyber-security giant have bounced higher.
Check Point Software Technologies Ltd. (CHKP), the world’s second-largest network security company, reached a 13-year high of $71.99 on Sept. 5 as investors anticipated the spate of cyber-attacks will fuel demand for its services. The stock climbed 1.4 percent last week, extending its four-week rally in New York trading to 9.4 percent.
While smaller rivals like Palo Alto Networks Inc. (PANW) and FireEye Inc. (FEYE) focus more specifically on the kind of data security used to prevent the recent attacks, Check Point has positioned itself to tap into the pickup in this business too. Companies’ focus on improving cyber-security has been building since Target Corp. suffered the biggest retail hack in U.S. history in December.
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I wonder why they haven't noticed ValtX yet?
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