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Check Point Software Technologies Ltd - CHKP STOCK NEWS

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.

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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.

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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.

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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.

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Check Point Software Technologies (NASDAQ: CHKP) will release its financial results for the second quarter of 2024 on July 24, 2024, before U.S. markets open. The company will host a video conference call for investors at 8:30 AM EST/5:30 AM PST the same day. The live videocast will be available on Check Point's investor relations website. Check Point is a global leader in cybersecurity solutions, and this announcement provides an important update for investors tracking the company's performance and future prospects.

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Check Point Software Technologies announced the CloudGuard WAF-as-a-Service (WAFaaS), an AI-powered web application firewall designed to enhance cloud security. The service is fully managed and scalable, offering protection against cyber threats and unauthorized access.

The 2024 Cloud Security Report indicated that 96% of respondents were concerned about managing cloud risks. CloudGuard WAFaaS aims to simplify and streamline this process with features like AI-based threat detection, API discovery, and DDoS prevention. The platform can be deployed in under five minutes, providing a comprehensive and cost-effective security solution.

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Check Point Software has launched a new API Discovery feature on its CloudGuard platform, enhancing its Web Application Firewall (WAF) capabilities. This innovation has positioned Check Point as a leader in GigaOm's latest Radar for Application and API Security. The API Discovery tool provides comprehensive insights into API inventories across cloud environments, helping to identify exposed or vulnerable APIs, thereby enhancing security measures against unauthorized access and data breaches. GigaOm analyst Don MacVittie highlighted that Check Point earned the highest score for API protection. Check Point's 2024 Cloud Security Report noted a substantial rise in cloud security incidents, from 24% in 2023 to 61% in 2024.

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Check Point Software Technologies released the 2024 Cloud Security Report, revealing a sharp increase in cloud security incidents from 24% in 2023 to 61% in 2024. The report emphasizes the need for organizations to prioritize AI-powered threat prevention measures, as only 21% focus on prevention while the majority concentrate on detection. Concerns over managing cloud risks have surged to 96%, with 91% prioritizing AI to enhance security. The report highlights the importance of implementing Cloud Native Application Protection Platforms (CNAPP) and the challenges in maintaining regulatory standards and integrating cloud services into legacy systems.

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Check Point Software Technologies (NASDAQ: CHKP) reported strong financial results for the first quarter of 2024. Total revenues were $599 million, up 6% year over year. Security subscription revenues grew by 15%. GAAP operating income was $194 million, while non-GAAP operating income reached $252 million. GAAP EPS increased by 5% to $1.60, and non-GAAP EPS rose by 13% to $2.04. The company introduced new security technologies and saw significant growth in its recurring revenue streams.
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Check Point Software Technologies announces new email security features to enhance its Harmony Email & Collaboration portfolio, providing advanced threat protection against cyber-attacks. The addition of features like unified quarantine, DMARC monitoring, archiving, and Smart Banners strengthens email security, combating phishing, malware, and BEC scams. Check Point continues to innovate with 360-degree security solutions to proactively counter sophisticated phishing tactics.
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Check Point Software Technologies will release its financial results for Q1 2024 on April 25, 2024. The company will host a video conference call with the investment community to discuss the results.
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FAQ

What is the current stock price of Check Point Software Technologies (CHKP)?

The current stock price of Check Point Software Technologies (CHKP) is $189.65 as of December 24, 2024.

What is the market cap of Check Point Software Technologies (CHKP)?

The market cap of Check Point Software Technologies (CHKP) is approximately 20.9B.

What does Check Point Software Technologies Ltd. specialize in?

Check Point specializes in providing comprehensive cybersecurity solutions, including network, endpoint, cloud, and mobile security.

How many organizations does Check Point protect?

Check Point protects over 100,000 organizations worldwide.

What is the Check Point Infinity platform?

The Infinity platform is an AI-powered, cloud-delivered cybersecurity platform that integrates various security technologies to enhance threat detection and response.

What recent products has Check Point launched for SMBs?

Check Point recently launched the Quantum Spark next-generation firewalls, designed to provide SMBs with AI-powered threat prevention and automated security management.

What are the financial highlights of Check Point for the fourth quarter of 2023?

In Q4 2023, Check Point achieved a 14% non-GAAP EPS growth and a 45% non-GAAP operating margin, showcasing strong financial performance.

How does Check Point collaborate with Managed Service Providers (MSPs)?

Check Point works with MSPs to deliver tailored cybersecurity solutions to SMBs, with MSPs expected to represent 40% of SMB cybersecurity expenditures by 2025.

What new solution has Check Point introduced for AI cloud security?

Check Point introduced AI Cloud Protect in collaboration with NVIDIA to secure AI workloads in the cloud, providing robust protection against sophisticated cyber threats.

Where is Check Point Software Technologies Ltd. headquartered?

Check Point is headquartered in Tel Aviv, Israel.

Who is the founder of Check Point Software Technologies Ltd.?

The founder of Check Point is Gil Shwed, who is transitioning from CEO to Executive Chairman.

How can I learn more about Check Point's latest products and financial performance?

For more information, visit Check Point's official website at www.checkpoint.com.

Check Point Software Technologies Ltd

Nasdaq:CHKP

CHKP Rankings

CHKP Stock Data

20.86B
85.09M
22.63%
72.01%
2.89%
Software - Infrastructure
Technology
Link
United States of America
Tel Aviv