Check Point Secures Through Amazon - Analyst Blog
January 06 2012 - 7:45AM
Zacks
Tel Aviv, Israel-based network and
Internet security solutions provider Check Point
Technologies Ltd. (CHKP) will now make its security
offering easily available through the cloud. Check Point’s security
gateways will now be available to customers for downloading through
Amazon.com Inc. (AMZN) Web Services.
Amazon.com operates as an online
retailer in North America and internationally. In addition, the
company serves developers through Amazon Web Services (AWS), which
provides access to technology infrastructure that developers can
use to enable various types of virtual businesses. All services
over AWS are billed on usage, but how the usage is measured for
billing varies from service to service.
Developers can access Check Point’s
software blades, such as Firewall, Intrusion Prevention,
Application Control and URL Filtering. The arrangement will help
organizations (those who have account in AWS) to easily deploy
Check Point’s virtual appliance to activate protections that
prevent network attacks and data breaches, while enabling secure
connectivity in dynamic cloud computing environments.
A broad portfolio of appliances has
made Check Point the market leader in network security. Now, with
its offerings being easily available through Amazon’s customized
cloud, Check Point could witness rapid product adoption, which
could in turn help it take market share from key players such as
Cisco Systems Inc. (CSCO), Juniper
Networks Inc. (JNPR), Symantec Corp.
(SYMC) and Microsoft Corp. (MSFT).
We are encouraged by Check Point’s
growth prospects indicated by its continuous market share gains,
strength at the high end of the market, product launches and the
growing demand for its blade solutions. But limited scope for
margin expansion (over-dependence on indirect sales model), an
uncertain economic environment and its European exposure are
concerns.
Currently, Check Point has a Zacks
#3 Rank, implying a short-term Hold recommendation.
AMAZON.COM INC (AMZN): Free Stock Analysis Report
CHECK PT SOFTW (CHKP): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
JUNIPER NETWRKS (JNPR): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
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