Welcome to our dedicated page for Check Point Software Technologies news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Technologies stock.
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 been recognized as a Visionary in the 2024 Gartner Magic Quadrant for Endpoint Protection Platforms. This acknowledgment highlights Check Point's ability to execute and completeness of vision in the cybersecurity space.
Check Point Harmony Endpoint is at the forefront of workspace security, offering flexible deployment options and a unified security approach. With a 99.8% block rate against new malware, ransomware, and zero-day attacks, it addresses the 30% increase in global cyber-attacks reported in Q2 2024.
The solution provides robust protection across diverse devices and networks, simplifying management and reducing operational costs. It features advanced EPP, EDR, and XDR functionalities, safeguarding remote workforces against complex digital threats. Harmony Endpoint is part of the Check Point Infinity Platform, offering comprehensive security across various IT environments.
Check Point Software Technologies (NASDAQ: CHKP) has been recognized as a Leader in the Frost & Sullivan Email Security Radar report. The company's Harmony Email & Collaboration solution is praised for its AI-powered threat intelligence capabilities and user-centric design.
Key highlights include:
- Email remains the primary gateway for 88% of malicious file distributions
- Check Point's ThreatCloud AI utilizes 50 AI-based engines for advanced threat detection
- Harmony Email & Collaboration's customer base has grown eightfold in three years
- The solution offers features like Unified Quarantine, DMARC Monitoring, and Smart Banners
- Check Point Infinity Platform achieved 100% phishing prevention and 99.8% new malware block rate in Miercom's security benchmark
This recognition highlights Check Point's commitment to innovation in email security and its ability to address the growing challenges posed by AI-generated phishing attacks.
Check Point Software Technologies (NASDAQ: CHKP) has been recognized as one of the World's Best Companies of 2024 by TIME and Statista. The company made its debut on the list due to its strong employee satisfaction, revenue growth, and ESG efforts. The ranking is based on three key dimensions:
1. Employee satisfaction: Survey of 170,000 workers from 50 countries
2. Revenue growth: Positive relative and absolute growth
3. ESG: Evaluation of environmental, social, and governance achievements
Check Point has also received other notable accolades, including being named the World's Best Cyber Security Employer by Forbes four times and inclusion on Fast Company's World Changing Ideas 2024 list.
Check Point Software Technologies (NASDAQ: CHKP) has been named a Leader in the GigaOm Radar Report for Security Policy as Code. The company's CloudGuard solution, part of the Infinity Platform, offers robust code security capabilities to protect cloud infrastructures. Key features include:
- Integrated security across CI/CD pipelines
- Automated DevSecOps practices
- Advanced threat detection and prevention
- Actionable remediation and continuous improvement
According to Check Point's 2024 Cloud Security Report, only 21% of organizations focus on preventive measures to stop attacks before they happen, highlighting a significant gap in current cloud security strategies. CloudGuard addresses this by enabling proactive security measures and streamlining security management in cloud environments.
Check Point Software Technologies (NASDAQ: CHKP) has launched a new MSSP Portal for managed security service providers and distributors. This innovative platform significantly simplifies service delivery and enhances business operations with Check Point. Key features include:
- Effortless onboarding of partners, reducing the process from a week to just two minutes
- Seamless integration with the Check Point Infinity Platform
- Ability to deploy various security services quickly
- Flexible billing and predictable revenue without long-term commitments
The portal addresses challenges faced by MSSPs, such as scaling services, managing multiple customers, and balancing costs with profitability. It aims to enhance efficiency, drive business growth, and transform how MSSPs meet evolving security needs of their clients.
Check Point Software (NASDAQ: CHKP), a prominent cybersecurity platform provider, has signed a definitive agreement to acquire Cyberint Technologies, a leading External Risk Management solutions provider.
This acquisition will significantly enhance Check Point's Security Operations Center (SOC) capabilities, expanding its managed threat intelligence offerings by integrating Cyberint's advanced capabilities into the Check Point Infinity Platform. Founded in 2010, Cyberint is recognized for its AI-driven solutions, serving Fortune 500 companies worldwide. This strategic move aims to address critical security challenges like stolen credentials and fake websites.
The acquisition is expected to close by the end of 2024, subject to customary closing conditions.
Check Point Software Technologies (NASDAQ: CHKP) announced strong Q2 2024 results and a new CEO appointment. Key highlights:
- Total revenues: $627 million, up 7% year-over-year
- Security Subscription Revenues: $272 million, up 14% year-over-year
- GAAP EPS: $1.74, up 3% year-over-year
- Non-GAAP EPS: $2.17, up 8% year-over-year
Nadav Zafrir, a renowned cybersecurity leader, will become CEO in December 2024. Founder Gil Shwed will transition to Executive Chairman. The company also announced a $2 billion expansion of its share repurchase program.
Check Point Software Technologies (NASDAQ: CHKP) has been named a Leader in the Forrester Wave™: Mobile Threat Defense Solutions, Q3 2024 report. The recognition highlights Check Point's Harmony Mobile as a superior solution for mobile application protection, network defense, and vulnerability mitigation. The report emphasizes Check Point's ability to maintain personally identifiable information (PII) on-premises, a important feature given the identification of over 18,000 high-risk mobile applications in the past month.
Check Point received the highest possible score in 14 criteria, including application integrity and network defense. The company's vision aligns mobile threat defense with the Zero Trust Model, offering flexible deployment and purchasing options. With nearly a decade of expertise in mobile threat defense, Check Point has already thwarted millions of attacks, solidifying its position as a seasoned authority in the field.
Check Point Software Technologies (NASDAQ: CHKP) has released its 2023 ESG Report, highlighting progress in environmental, social, and governance areas. Key achievements include:
1. Environmental: Set framework for 100% renewable energy at International HQ starting 2024; Improved power efficiency of Quantum Force security gateways.
2. Social: Trained ~190,000 people in cybersecurity; Partnered with 37 new SecureAcademy institutions; Increased corporate donations by 29%.
3. Governance: 40% of senior leadership positions held by women; 33% female board members; No pay gaps in Israel for third consecutive year.
Check Point aims to achieve carbon neutrality by 2040 and remains committed to making the world safer and better through its ESG initiatives.
Check Point Software Technologies (NASDAQ: CHKP) has announced a $2.0 billion expansion of its share repurchase program. As of June 30, 2024, the company had approximately 111 million shares outstanding. Since the program's inception, Check Point has repurchased about 218 million shares for a total of approximately $15 billion. The extended repurchase authorization, initially set in February 2023, is expected to be completed by Q4 2024. Repurchases will be made through various transactions, compliant with regulatory guidelines. The program's specifics, such as timing and volume, will depend on market conditions and other factors. Funding for the repurchases will come from available working capital.
FAQ
What is the current stock price of Check Point Software Technologies (CHKP)?
What is the market cap of Check Point Software Technologies (CHKP)?
What does Check Point Software Technologies Ltd. specialize in?
How many organizations does Check Point protect?
What is the Check Point Infinity platform?
What recent products has Check Point launched for SMBs?
What are the financial highlights of Check Point for the fourth quarter of 2023?
How does Check Point collaborate with Managed Service Providers (MSPs)?
What new solution has Check Point introduced for AI cloud security?
Where is Check Point Software Technologies Ltd. headquartered?
Who is the founder of Check Point Software Technologies Ltd.?
How can I learn more about Check Point's latest products and financial performance?
