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TEL AVIV - Variscite, a prominent System on Module (SoM) designer and manufacturer, has announced a partnership with cybersecurity leader Check Point Software Technologies Ltd. (NASDAQ: NASDAQ:CHKP), a company currently valued at $24.26 billion with an impressive gross profit margin of 88.53%. This collaboration aims to enhance the security of IoT and embedded devices against sophisticated cyber threats. According to InvestingPro data, Check Point maintains a strong financial health rating, positioning it well for strategic partnerships.
The integration of Check Point Quantum IoT Protect, featuring the Nano Agent, with Variscite’s SoMs will offer robust device-level protection. It is designed to prevent unauthorized access, secure user data, and protect against advanced cyber threats such as denial-of-service attacks, malware, and zero-day vulnerabilities.
Variscite’s customers will now be able to utilize the Nano Agent with the company’s full SoM product line, reinforcing existing security measures. The Nano Agent is noted for its small footprint, requiring minimal system resources, and can be easily installed on Variscite’s software platform without modifying existing drivers.
This partnership also enables device manufacturers to adhere to the EU’s Cyber Resilience Act (CRA), setting mandatory security standards for connected devices. Check Point’s Nano Agent helps in meeting these regulations by offering advanced protection and reducing the frequency of required patches.
Miri Ofir, R&D Director at Check Point, emphasized the vulnerability of IoT and edge devices and the importance of securing them from the design stage to ensure compliance with cybersecurity standards. Ofer Austerlitz, VP Business Development and Sales for Variscite, highlighted the benefits of combining trusted security solutions with ease of integration and management.
The collaboration between Variscite and Check Point is set to provide organizations with the tools needed to meet current and future security regulations, ensuring a safer environment for consumers and businesses alike. Check Point’s strong market position is reflected in its 36.76% stock return over the past year, with the stock currently trading near its 52-week high of $226.03. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Check Point’s financial health, including 14+ additional ProTips and detailed valuation metrics in the Pro Research Report, available exclusively to subscribers.
This news is based on a press release statement from Variscite. With Check Point’s solid balance sheet showing more cash than debt and consistent profitability, the company appears well-positioned to execute on this strategic partnership.
In other recent news, Checkpoint Software (ETR:SOWGn) Technologies has been the focus of several analyst updates following its CPX 2025 conference in Las Vegas. BMO Capital Markets raised its price target for Checkpoint Software to $245, citing impressive billings and revenue performance for the December quarter that exceeded expectations. Meanwhile, JPMorgan upgraded Checkpoint’s stock rating from Neutral to Overweight, raising the price target to $255, based on a positive outlook for the company’s growth prospects and increased investment in sales and marketing. Similarly, TD Cowen maintained a Buy rating with a $250 target, expressing confidence in the company’s strategic initiatives under new leadership aimed at reclaiming market share and driving organic growth.
Mizuho (NYSE:MFG) Securities also adjusted its price target from $220 to $230, maintaining a Neutral stance, while noting the new CEO’s dynamic influence and strategic focus on hybrid mesh architecture and AI. Stifel analysts maintained their Hold rating with a $220 target, highlighting satisfaction among Checkpoint’s customers and the potential for increased platform adoption. These recent developments reflect a general optimism among analysts about Checkpoint Software’s strategic direction and potential for revenue growth. Investors will be keenly observing how these strategies translate into tangible financial performance in the coming quarters.
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