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Check Point Software Technologies Ltd. (NASDAQ: CHKP) is a global leader in network cybersecurity, specializing in delivering cutting-edge solutions to protect enterprises from a wide array of cyber threats. Founded in 1993 and headquartered in Tel Aviv, Israel, Check Point has grown to become the largest network cybersecurity vendor in the world, safeguarding over 100,000 organizations of all sizes across multiple industries.
Check Point's comprehensive security solutions encompass network, endpoint, cloud, and mobile security, fortified by its innovative AI-powered Infinity platform. This platform integrates technologies such as Check Point Harmony for workspace security, Check Point CloudGuard for cloud security, and Check Point Quantum for network security, all managed through Check Point Infinity Core Services for collaborative security operations.
Recent achievements include the launch of Quantum Spark next-generation firewalls designed to provide SMBs with robust AI-powered threat prevention and automated security management. These firewalls offer up to 5 Gbps of threat prevention performance and a 99.8% block rate against zero-day malware, phishing, and ransomware.
Financially, Check Point has demonstrated strong performance with impressive growth metrics. In the fourth quarter of 2023, the company achieved a 14% non-GAAP EPS growth and a non-GAAP operating margin of 45%, showcasing its efficient operational framework and strong market position. Additionally, the firm's Infinity platform has driven substantial subscription revenue growth, reflecting increasing customer adoption and trust.
Check Point's global footprint is supported by strategic partnerships and a robust ecosystem of Managed Service Providers (MSPs) that are crucial in delivering tailored cybersecurity solutions to small and medium-sized businesses (SMBs). By 2025, MSPs are expected to represent 40% of SMB cybersecurity expenditures, underscoring their vital role in the cybersecurity landscape.
In response to the evolving cyber threat landscape and the increasing complexity of securing AI-driven environments, Check Point has introduced AI Cloud Protect in collaboration with NVIDIA. This solution is designed to secure AI workloads in the cloud, providing comprehensive protection against sophisticated cyber threats.
As Check Point marks its 30th anniversary, the company is poised for continued innovation and growth. Founder and CEO Gil Shwed is transitioning to the role of Executive Chairman, ensuring a seamless succession process as the company embarks on its next chapter.
For more details on Check Point's latest products and financial performance, visit www.checkpoint.com.
Check Point Software Technologies (NASDAQ: CHKP) has achieved industry-leading threat prevention rates according to Miercom's 2025 security benchmark report. The company's Infinity Platform demonstrated a 99.9% block rate on Zero+1 day malware, 99.7% phishing prevention rate, and 98% block rate on high and critical network intrusion exploits.
In Miercom's new firewall comparison using CISA's Known Exploited Vulnerabilities database, Check Point emerged as the most secure with only one KEV, while competitors had between 11 and 21 vulnerabilities. The report evaluated threat prevention across on-premises, cloud, and Firewall-as-a-Service scenarios, with Check Point outperforming competitors in all categories. In SSE/SASE threat prevention, Check Point achieved a 99% block rate, while other vendors ranged from 74% to 96%.
Check Point Software Technologies (NASDAQ: CHKP) has unveiled new AI-powered capabilities for its Infinity Platform to enhance cybersecurity operations. The announcement comes as cyber-attacks increased 44% year-over-year, highlighting the need for improved security solutions.
The company introduced six new AI-powered innovations focused on three key areas: Unified Identity & Policy, Collaborative Threat Prevention, and Operational Simplicity. Key features include Quantum Policy Insights for improved security posture, Infinity Playblocks for security automation, and Infinity AI Copilot for enhanced security administration.
These innovations aim to address the challenges of siloed security approaches, where organizations typically manage multiple systems across networks, endpoints, email, and cloud environments. The new capabilities are designed to reduce complexity, strengthen threat prevention, and accelerate zero trust implementation across the platform.
Check Point Software (NASDAQ: CHKP) has released its Q4 and full-year 2024 financial results, showing strong growth across key metrics. Q4 calculated billings increased 11% to $959 million, with total revenues up 6% to $704 million. The company's Remaining Performance Obligation reached $2.5 billion, marking a 12% year-over-year increase.
For full-year 2024, calculated billings grew 9% to $2,658 million, while total revenues increased 6% to $2,565 million. Security Subscriptions Revenues showed particularly strong growth, up 13% to $1,104 million. The company maintained strong profitability with Non-GAAP EPS increasing 9% to $9.16.
The company announced leadership changes, with founder Gil Shwed transitioning to Executive Chairman and Nadav Zafrir assuming the CEO role. Additionally, Itai Greenberg was appointed as Chief Revenue Officer, and Roi Karo joined as Chief Strategy Officer. The company continued its share repurchase program, buying back approximately 7.7 million shares for $1,300 million in 2024.
Check Point Software (NASDAQ: CHKP) released its 2025 Security Report, revealing a 44% increase in global cyber-attacks year-over-year. The report, based on data from 170 countries, highlights significant cybersecurity trends including the rising use of generative AI in attacks and a 58% surge in Infostealer attacks.
Key findings include: AI-powered disinformation campaigns affecting one-third of global elections, ransomware tactics shifting to data exfiltration, and healthcare seeing a 47% increase in attacks. Education remained the most targeted sector with a 75% year-over-year increase in attacks. The report noted that 96% of exploits used vulnerabilities from previous years, while over 70% of infected devices were personal ones used in BYOD environments.
Check Point Software Technologies (NASDAQ: CHKP) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, January 30, 2025, before U.S. markets open. The company will host a video conference call with investors at 8:30 AM EST/5:30 AM PST on the same day. A live video webcast will be available on the company's investor relations website.
Check Point Software Technologies (NASDAQ: CHKP) has been named a Leader in the 2024 Gartner Magic Quadrant for Email Security Platforms. The company's Harmony Email Collaboration solution has exceeded $100M in ARR, providing protection against advanced threats and integrating with the Check Point Infinity Platform.
According to Check Point's 2024 Security Report, email remains the primary entry point for infections, accounting for 88% of all harmful file distributions. The company reported a 75% increase in worldwide cyber-attacks in Q3 2024.
The solution offers innovative API-based email security, advanced threat detection, and sophisticated DLP & DMARC capabilities. As part of the Check Point Infinity Platform, it provides comprehensive security across data centers, networks, cloud services, branch offices, and remote users through a unified interface.
Check Point Software Technologies (NASDAQ: CHKP) announced a significant leadership transition, with founder Gil Shwed moving to the role of Executive Chairman of the Board of Directors and Nadav Zafrir appointed as the new Chief Executive Officer, effective December 16th, 2024.
Zafrir joins Check Point from Team8, a venture group focused on cybersecurity, where he served as co-founder and managing partner. His background includes establishing the IDF's Cyber Command and commanding Unit 8200, retiring as a Brigadier General. He also serves as a board member of SolarEdge Technologies and has board experience with 14 private cybersecurity companies.
Check Point Software Technologies (NASDAQ: CHKP) announced its Infinity XDR/XPR achieved a 100% detection rate in the 2024 MITRE ATT&CK® Evaluations. The solution detected all 57 applicable attack steps, with 56 detections at the technique level, demonstrating superior capabilities in threat detection and prevention.
The evaluation tested detection capabilities against complex ransomware attack sequences, specifically emulating tactics used by CL0P and Lockbit groups. Key achievements include 98% technique-level detection accuracy and perfect coverage across all testable attack scenarios, showcasing the solution's effectiveness against ransomware, data breaches, and endpoint threats.
Check Point Software (NASDAQ: CHKP) has been named a Leader and Fast Mover in GigaOm's latest Radar Report for Cloud-Native Application Protection Platforms (CNAPPs). The company's CloudGuard solution received top scores (5/5) in multiple features, standing out among 17 leading CNAPP solutions. The platform excels in advanced threat prevention, offering AI-generated remediation suggestions and real-time API security. According to Check Point's 2024 Cloud Security Report, 96% of respondents expressed concerns about managing emerging cloud risks. CloudGuard provides comprehensive protection across multi-cloud environments, featuring scalable security, seamless code security, and integration with DevOps processes.
Check Point Software Technologies has announced its new Quantum Firewall Software R82, featuring advanced AI-powered security innovations. The software introduces four new AI engines designed to block 99.8% of zero-day threats, protecting against sophisticated phishing and malware campaigns. Key improvements include 3X faster provisioning of virtual systems, enhanced operational simplicity, and implementation of post-quantum cryptography. The release comes in response to a 75% increase in global cyber-attacks and delivers over 50 new capabilities focused on threat prevention, datacenter operations, and network scalability.
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