10 Best Debt Free Stocks to Buy Now

8. Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Number of Hedge Fund Holdings: 32

Market Capitalization as of January 31: $23.98 Billion

Enterprise Value: $22.61 Billion

Check Point Software Technologies Ltd. (NASDAQ:CHKP) is an Israeli cybersecurity company specializing in network security, endpoint protection, cloud security, and mobile security solutions. The company generates revenue through software subscriptions, hardware sales, and professional services. Check Point Software Technologies Ltd.’s (NASDAQ:CHKP) clients include government agencies, financial institutions, and Fortune 500 companies.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) is focused on developing a hybrid mesh network architecture to address the growing complexity and interconnectedness of modern networks. This approach aims to consolidate and unify various security solutions, including on-premises firewalls, cloud network security, and remote workforce protection, into a single, cohesive platform. The hybrid mesh network will not only enhance the company’s existing products but also position it as a leader in the evolving cybersecurity landscape.

Furthermore, Check Point Software Technologies Ltd. (NASDAQ:CHKP) is investing heavily in AI to develop autonomous capabilities that can detect and respond to threats in real time, without human intervention. The company’s Threat Cloud, which already includes 48 AI engines, is being expanded to include even more sophisticated algorithms. Check Point Software Technologies Ltd. (NASDAQ:CHKP) is also working on integrating AI to simplify the user experience to make it easier for security teams to manage and operate their systems.