3 Cloud Security Companies Are Benefiting from the Boom in Remote Work.

Since the COVID-19 epidemic, remote work has become the standard across sectors, but this change has created many security challenges. The widespread use of specific equipment, unsecured home systems, and lack of proper tracking have expanded the invasion area, making remote employees more vulnerable to hacking attacks, malware infections, and data breaches.

As organizations rush to fortify their security infrastructure, investors could find robust opportunities in Fortinet, Inc. ( ), Check Point Software Technologies Ltd. ( ), and Okta, Inc. ( ). These businesses stand to gain from the growing need for sky protection options.

Cyber challenges continue to rise, with study revealing that over 30, 000 threats were disclosed last season, up 17 % from previous numbers. Devices and information flows are now excellent targets for scammers as a result of the common adoption of remote work and cloud-based operations.

According to CHKP’s 2025 Security Report, global cyber-attacks have surged 44 % year-over-year, with Infostealer attacks rising by 58 % as hackers exploited bring-your-own-device ( BYOD ) environments. Meanwhile, the proliferation of generative AI ( GenAI ) in cyber-attacks has introduced new challenges, from deepfake scams to automated phishing campaigns.

As companies connect AI-driven security solutions, spending on program protection, data privacy, and facilities protection is expected to grow. Gartner estimates global information security spending will increase by 15.1 % year-over-year to$ 212 billion in 2025. Moreover, the global cloud security market is forecasted to reach$ 75.26 billion by 2030, growing at a CAGR of 13.1 %.

Let’s start with# 3 and then get down to the basics of three companies.

Stock# 3: Okta, Inc. ( )

OKTA is an id lover that offers products and services for organizing and gaining names, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.

On January 28, 2025, OKTA announced a multi-year agreement with the McLaren Formula 1 Team, strengthening its position as a leader in digital identity and security. The partnership allows OKTA to demonstrate its technologies globally by acquiring and enhancing entry to McLaren’s applications and platforms for fans, partners, and employees.

Over time, the company will further enhance McLaren Racing’s digital infrastructure, safety features, and administrative efficiency, demonstrating its ability to protect high-performance organizations.

On November 26, 2024, OKTA launched its Consumer Identity Cloud, designed to enhance surveillance for GenAI programs. By reducing the implementation of safe personality standards, this answer improves data security and compliance, expanding the company’s reach in the fast expanding AI-driven technology sector. Further, this expansion strengthens OKTA’s leadership in digital identity while unlocking new growth opportunities.

During the fiscal 2025 third quarter, which ended on October 31, 2024, OKTA’s total increased by 13.9 % year-over-year to$ 665 million. Its non-GAAP gross profit rose 14.4 % from the year-ago value to$ 541 million. The company’s non-GAAP net income amounted to$ 121 million and$ 0.67 per share, indicating an increase of 53.2 % and 52.3 % year-over-year, respectively.

Analysts expect OKTA’s revenue and EPS for the fiscal 2025 fourth quarter that ended in January 2025, to increase 10.6 % and 16.9 % year-over-year to$ 669.10 million and$ 0.74, respectively. Additionally, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.

To close the most recent trading session at$ 97, shares of OKTA have increased 25.4 % over the past three months and 15.9 % over the last year.

OKTA’s reflect its fundamentals. A for Sentiment and an A for Growth, respectively, are scored on OKTA. The are determined by weighing 118 different factors and adjusting for each factor to be optimum.

Among 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/”>Software – Security industry, OKTA is ranked# 11. To access OKTA’s Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/”>click here.

Stock# 2: Fortinet, Inc. ( ) &nbsp,

Worldwide, FTNT offers global convergence of networking and security solutions in terms of cybersecurity. The company offers secure networking solutions focusing on the convergence of networking and security, network firewall solutions, wireless LAN solutions, and secure connectivity solutions.

On December 03, 2024, FTNT launched FortiAppSec Cloud, a cloud-delivered platform that integrates web application security, API protection, bot defense, and load balancing into a single offering. As enterprises increasingly adopt multi-cloud environments, demand for integrated security solutions is rising, positioning the company for potential revenue growth and market expansion.

On November 15, the company announced a$ 15 million investment in a new 215, 000-square-foot Innovation Hub in Atlanta, Georgia. The facility will serve as a FortiCloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center, enhancing customer engagement and technological development. This expansion not only increases FTNT’s U. S. presence but also boosts brand visibility and strengthens client relationships, supporting long-term business growth.

For the fourth quarter of 2024, which ended on December 31, FTNT’s total revenues increased 17.3 % year-over-year to$ 1.66 billion. Its gross profit rose 22.4 % from the year-ago value to$ 1.35 billion. Its non-GAAP operating income stood at$ 650.90 million, up 43.5 % year-over-year, while its non-GAAP net income amounted to$ 571.50 million, representing an increase of 45.8 % from the last year. Also, the company’s non-GAAP net income per share for the quarter increased 45.1 % year-over-year to$ 0.74.

Street expects FTNT’s revenue for the fiscal first quarter ( ending March 2025 ) to increase 13.9 % year-over-year to$ 1.54 billion. Moreover, its EPS estimate of$ 0.53 for the same period indicates a 24.3 % year-over-year growth. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.

To close the most recent trading session at$ 107.66, FTNT shares have increased by 81.2 % over the past nine months.

FTNT’s bright prospects are reflected in its POWR Ratings. The stock receives an A for Quality and a B for Sentiment. Within the same B-rated industry, it is ranked# 7 out of 20 stocks.

Beyond what is stated above, we’ve also rated FTNT for Growth, Value, Momentum, and Stability. Get all FTNT’s ratings <a href="https://stocknews.com/stock/FTNT/”>here.

Stock# 1: Check Point Software Technologies Ltd. ( )

Headquartered in Tel Aviv, Israel, CHKP offers a wide range of products and services for IT security globally. It provides multilevel security, cloud, network, endpoint protection, IOT solutions, and threat prevention technologies to enterprises, service providers, Small and Medium-Sized Businesses ( SMBs ), and consumers.

On February 4, 2025, CHKP introduced new capabilities for its Infinity Platform to enhance zero-trust security, improve threat prevention, and simplify security operations. The AI-powered innovations address challenges in hybrid environments, where manual security management often creates vulnerabilities and inefficiencies.

Additionally, in November 2024, the company launched the Quantum Firewall Software R82, designed to counter rising cyber threats using AI-driven threat prevention against zero-day attacks, phishing, and malware. Additionally, the new firewall makes data centers more agile and scalable.

These improvements in operational efficiency and threat prevention could result in a stronger adoption among businesses, strengthening CHKP’s competitive advantage in the changing cybersecurity landscape.

During the fiscal fourth quarter that ended December 31, 2024, CHKP’s total revenues increased 6 % year-over-year to$ 703.70 million. Its operating income grew marginally from the year-ago value to$ 254.30 million, while its non-GAAP net income came in at$ 303.20 million, up 1.6 % year-over-year. Also, the company’s non-GAAP EPS increased 5.1 % from the prior year quarter to$ 2.70.

For the third quarter ending March 31, 2025, CHKP’s revenue is expected to increase 6.1 % year-over-year to$ 635.49 million. Its EPS estimate of$ 2.18 for the current quarter indicates a 7.1 % improvement year-over-year. Additionally, it topped the revenue and EPS estimates in three of the trailing four quarters.

Over the past nine months, the stock has gained 37.2 %, closing the last trading session at$ 212.24.

CHKP’s strong fundamentals are reflected in its POWR Ratings. It has a B overall rating, which is expressed in our proprietary rating system as a Buy. It has an A grade for Quality.

It is ranked# 6 out of 20 stocks in the same industry. to view CHKP’s ratings for Growth, Value, Momentum, Stability, and Sentiment.

What To Do Next?

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FTNT shares were trading at$ 110.48 per share on Monday afternoon, up$ 2.82 ( + 2.62 % ). Year-to-date, FTNT has gained 16.93 %, versus a 3.08 % rise in the benchmark S&amp, P 500 index during the same period.

About the Author: Shweta Kumari

She became an investment analyst after developing a strong interest in quantitative analysis and financial research. She applies her knowledge to assist retail investors in making wise investment decisions.

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