JPMorgan anticipates says the security software industry tends to have close ties to Israel. Israel has been the source of a substantial amount of talent, development, and innovation over the years and, as a result, several companies within maintain a meaningful presence in the country, the analyst tells investors in a research note. As events continue to evolve following this weekend’s attack, the firm believes companies with operations in Israel are well prepared to manage geopolitical disruption in the region. However, JPMorgan would not be surprised to see headlines pressure more exposed stocks within its coverage universe. Software companies within the firm’s coverage that appear to have the most meaningful exposure to the region include Check Point Security (CHKP), CyberArk (CYBR), and SentinelOne (S), the analyst points out. In addition, Palo Alto Networks (PANW) has an undisclosed number of employees and approximately 12% of long lived assets in Israel, says the firm.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CHKP:
- Check Point Software to Announce Third Quarter 2023 Financial Results on October 30, 2023
- ZS, PANW, MSFT Set to Gain from Spending Surge, Says Analyst
- DA Davidson enterprise security analysts hold analyst/industry conference call
- Check Point Software Technologies Named A Leader in Latest Zero Trust Platform Providers Report by Independent Research Firm
- Check Point completes acquisition of Perimeter 81