Check Point Software Tech Ltd Stock Price, News & Analysis

Check Point Software Technologies (NASDAQ: CHKP) announced that shareholders have approved all seven proposals presented at the 2024 Annual General Meeting. The meeting saw participation from approximately 87.6 million shares, representing 79.6% of outstanding shares as of the record date. The company expressed gratitude to shareholders for their support and confidence in the company and its employees.

Check Point Software reported strong Q3 2024 financial results with total revenues of $635 million, up 7% year-over-year. Security Subscriptions Revenues reached $277 million, showing a 12% increase. The company achieved GAAP EPS of $1.83 (up 4%) and Non-GAAP EPS of $2.25 (up 9%). During the quarter, Check Point acquired Cyberint for $186 million and repurchased 1.79 million shares for approximately $325 million. The company's cash balances stood at $2,873 million, with operating cash flow of $249 million.

Check Point Software Technologies has been recognized as one of the World's Best Employers by Forbes for the fifth consecutive year. The company, with over 6,500 employees worldwide, ranked #43 in the IT, Internet, Software & Services category and #613 overall out of 850 organizations.

The Forbes ranking is based on a comprehensive global survey of more than 300,000 employees from multinational corporations. Check Point's Chief HR Officer, Yiftah Yoffe, emphasized the company's commitment to creating an inclusive and innovation-minded culture.

Check Point has also been recognized by TIME as one of the World's Best Companies and recently released its 2023 ESG report, highlighting progress towards carbon neutrality by 2040, cyber security training initiatives, and dedication to diversity and inclusion.

Check Point Software Technologies has been named a leader in The Forrester Wave™: Enterprise Firewalls, Q4 2024 report. The company received the highest possible score in 13 criteria, including Vision, Innovation, and Threat Intelligence. Forrester praised Check Point's collaborative tools and practical vision, highlighting its importance in enhancing security functions through real-time telemetry.

Check Point's Quantum Network Security, part of the Infinity Platform, offers top-tier security across various environments. The company excels in centralized management, user experience, and comprehensive threat intelligence. Forrester also noted Check Point's strong incident response capabilities and flexible licensing model.

Amid a 30% surge in global cyber-attacks during Q2 2024, Check Point continues to innovate and provide advanced network security solutions. The Denver Broncos use Check Point's solutions to protect their organization's attack surface, praising the usability and scalability of the Quantum firewalls with Maestro load sharing orchestrator.

Check Point Software Technologies (NASDAQ: CHKP) has completed its acquisition of Cyberint Technologies , a provider of external risk management solutions. This acquisition enhances Check Point's Infinity Platform with AI-driven threat intelligence and exposure management capabilities.

Key features now included in the Infinity Platform:

• Comprehensive external risk management, including detection and takedown of impersonating websites, phishing accounts, and leaked data
• Rapid delivery of actionable intelligence within 20 minutes of setup
• AI-powered risk detection with minimal false positives, enhanced by human intelligence

Sharon Schusheim, Chief Services Officer at Check Point, emphasized that this acquisition will help customers protect against more threats through proactive and actionable threat intelligence.

Check Point Software Technologies (NASDAQ: CHKP) has announced it will release its financial results for the third quarter ended September 30, 2024, on Tuesday, October 29, 2024, before the U.S. financial markets open. The company, a leading provider of cyber security solutions globally, will host a video conference call with the investment community at 8:30 AM EDT/5:30 AM PDT on the same day.

A live video webcast of the call will be available on the company's website at http://www.checkpoint.com/ir. Check Point has also provided links to their social media channels for followers to stay updated on company news.

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.