Welcome to our dedicated page for Check Point Software Tech news (Ticker: CHKP), a resource for investors and traders seeking the latest updates and insights on Check Point Software Tech stock.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) is a cyber security company based in Tel Aviv, Israel, known for its AI-powered Infinity Platform and prevention-first approach. The CHKP news feed on Stock Titan aggregates company announcements, industry recognitions and product updates that shed light on how Check Point is evolving its security portfolio.
Recent news highlights include scheduled earnings announcements, where Check Point reports financial results and discusses demand trends across areas such as hybrid mesh network security, workspace protection and external risk management. Investors and analysts can follow these updates to understand how product and subscription revenues are developing and how management views the company’s strategic roadmap.
Product and technology news is another key theme. Check Point has announced releases like Quantum Firewall Software R82.10, which introduces new capabilities for securing AI-driven enterprises, enforcing Zero Trust and unifying protection across hybrid networks. The company also publishes news about AI-focused offerings such as AI Cloud Protect, collaborations with partners like NVIDIA and Microsoft, and the integration of Lakera’s AI-native security technology.
In addition, the CHKP news stream features recognition from third‑party evaluators and analysts, including leadership positions in Gartner Magic Quadrant reports for email security and hybrid mesh firewalls, as well as results from enterprise firewall tests. These items provide context on how Check Point’s solutions perform in independent assessments. For anyone tracking cyber security trends, AI security developments or Check Point’s corporate actions, the CHKP news page offers a centralized view of the company’s latest disclosures and announcements.
Check Point Software Technologies (NASDAQ: CHKP) has announced a significant $2 billion expansion of its share repurchase program, allowing for up to $325 million in shares to be repurchased each quarter. Since the inception of the program in February 2020, approximately 188 million shares have been repurchased for $11.1 billion. The company aims to enhance shareholder value through this initiative, which may involve open market or privately negotiated transactions. The repurchase is expected to be funded from available working capital.
Check Point Software Technologies (NASDAQ: CHKP) released its 'Cyber Attack Trends: 2021 Mid-Year Report', revealing a significant 29% rise in global cyber-attacks. The EMEA region saw a 36% increase, while ransomware attacks surged by 93%. APAC faced the highest weekly attacks at 1,338. This report highlights the emergence of 'Triple Extortion' ransomware tactics and ongoing supply chain threats, building on notable incidents like SolarWinds and Colonial Pipeline. As cybercriminals adapt their strategies, predictions indicate a continuation of ransomware proliferation in H2 2021.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) reported a 4% year-over-year increase in total revenue for Q2 2021, reaching $526 million. Deferred revenues grew by 10% to $1,472 million. GAAP operating income stood at $222 million, and GAAP EPS remained stable at $1.38. Non-GAAP EPS increased by 2% year-over-year to $1.61. The company highlights strong growth in its CloudGuard and Harmony services, alongside a significant rise in ransomware attacks, emphasizing a need for a prevention-first security strategy.
Check Point Software Technologies (NASDAQ: CHKP) has partnered with Incedo to enhance its cybersecurity measures amid rising global cyber threats. By consolidating its multi-vendor security approach, Incedo implemented Check Point's advanced solutions, including Quantum Security Gateways and Harmony Endpoint, achieving 100% protection against ransomware and reducing endpoint costs by approximately 30%. The collaboration boosts productivity and resilience, particularly vital during the COVID-19 pandemic. Incedo plans to further enhance its security with Check Point's CloudGuard solution.
Check Point Research has released its Q2 Brand Phishing Report, revealing that Microsoft was the most impersonated brand by cybercriminals, involved in 45% of phishing attempts. DHL followed at 26%, while Amazon, Best Buy, and Google were also targeted. The report indicates a rising trend in phishing activities, with over 2,300 new domains registered for Amazon ahead of Prime Day. The technology sector remains the most affected, emphasizing the need for users to remain vigilant against fraudulent communications.
Check Point Research has reported that Trickbot malware retains its status as the most prevalent malware for June 2021, marking the second consecutive month in this position. Trickbot, known for banking trojan functionalities, accounts for a global impact of 7% on organizations. The report highlights a significant increase in ransomware attacks, with weekly incidents rising by 93% over the past year. Additionally, the most exploited vulnerabilities include HTTP Headers Remote Code Execution, affecting 47% of organizations, and MVPower DVR Remote Code Execution impacting 45%.
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Check Point Software Technologies (NASDAQ: CHKP) announced a strategic integration of CloudGuard with Alibaba Cloud, expanding multi-cloud support. This collaboration aims to enhance cloud network security and posture management for Alibaba Cloud customers, allowing organizations to benefit from improved security across their cloud infrastructure while maintaining compliance. Key features include advanced security capabilities, comprehensive visibility, and compliance management through a robust ruleset. This integration reflects the growing trend of organizations adopting multi-cloud strategies for better workload management.
Check Point Software Technologies (NASDAQ: CHKP) has announced its sponsorship of The Smart Factory @ Wichita, an immersive experience center by Deloitte. This partnership highlights the critical need for cyber security in smart factories as manufacturers adopt Industry 4.0 technologies. With cyber attacks in the US rising over 300% in the last nine months, Check Point aims to strengthen the security framework for manufacturing infrastructures. The initiative seeks to enhance productivity and sustainability while minimizing risks associated with digital transformations.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) announced the release date for its Q2 financial results, scheduled for July 26, 2021, before U.S. markets open. The management will hold a video conference at 8:30 AM EDT to discuss these results with investors. This quarterly update will provide key insights into Check Point's performance and strategic direction, amid growing cybersecurity challenges in the digital landscape. Investors are encouraged to tune into the webcast available on the company’s investor relations website.