Why This Cybersecurity Stock Should Be on Your Radar

Check Point Software Technologies (NASDAQ: CHKP) has been chugging along nicely over the past few months thanks to the tailwinds created by the novel coronavirus pandemic. Though the cybersecurity specialist had pulled its annual guidance in April, citing the uncertainty caused by COVID-19, its results have shown that the disease has failed to slow down its momentum. Not surprisingly, Check Point stock has also done impressively of late.

Check Point's rally isn't surprising, as the company is taking advantage of the shift toward a remote working model in the wake of the pandemic, and beating Wall Street's expectations on the back of increased demand for its services. A similar trend was seen in the company's recent fiscal second-quarter results.