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Check Point Software Technologies Ltd. (NASDAQ:CHKP) is a stock that I believe is a must-buy for anyone seeking to enhance the overall value of their portfolios. Being an Israeli tech stock, it offers ample diversification for investors, whilst promising significant growth by being positioned in the highly dynamic cybersecurity market, poised to witness explosive growth in the coming years.
Company Overview
Check Point Software Technologies Ltd. is an Israeli cybersecurity specialist firm, that holds a global market presence with its wide portfolio of services offered. The company is classified as being a large tech company, with a market capitalization of $18 billion, and employing over 5000 employees throughout its various locations in Israel, the USA, and Europe. Check Point stands as the most valuable Israeli company in terms of its market capitalization, as of 22 April 2022. The Israeli chemical company ICL Group (ICL) trailing second with its market value of $15.12 billion, as of the same date.
Market Overview
The international cybersecurity market was valued as being worth $171 billion in 2020. With the explosive growth of…
