Check Point Software Tech Ltd Stock Price, News & Analysis

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.

SolarEdge Technologies announced significant changes to its Board of Directors. Avery More has been elected as Chairman of the Board, replacing Nadav Zafrir, who will remain as a board member. Additionally, Guy Gecht has been appointed as a new board member, replacing Tal Payne who stepped down after serving since the company's IPO in March 2015. Gecht, who will serve on both the Audit and Technology committees, brings extensive experience from his roles as former CEO of Electronics for Imaging and board positions at Logitech and Check Point Software Technologies.

Check Point Software Technologies (NASDAQ: CHKP) announced that shareholders approved all seven proposals at the 2024 Annual General Meeting, with approximately 87.6 million shares (79.6% of outstanding shares) voted. A key approval was the appointment of Dafna Gruber to the Board of Directors. Gruber, currently CFO of Netafim , brings extensive financial leadership experience from various public and private companies. She is a certified public accountant with a Bachelor's degree in Accounting and Economics from Tel Aviv University.

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.