PresentationMeta MarshallMorgan Stanley, Research Division Perfect. Welcome, everybody, bright and early here in London on Tuesday. I'm Meta Marshall. I head up cybersecurity research here at Morgan Stanley, filling Hamza's shoes in his departure. We're delighted to have Check Point here today. For any research disclosures, please see morganstanleyresearch.com. And I'm going to hand it over to Kip to give a little bit of a safe harbor for Check Point before we start. ...

New software release introduces more than 20 capabilities that secure AI transformation, enforce Zero Trust and unify hybrid mesh network protectionREDWOOD CITY, Calif., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced its new Check Point Quantum Firewall Software, R82.10, introducing 20 new capabilities designed to help enterprises safely adopt AI, protect distributed environments and simplify Z ...

Core Viewpoint - Check Point Software Technologies Ltd. has announced the pricing of $1.75 billion in Convertible Senior Notes due 2030, increasing from a previously announced $1.5 billion offering, with an option for initial purchasers to buy an additional $250 million [1][6]. Group 1: Offering Details - The Notes will be senior unsecured obligations of Check Point, with a maturity date of December 15, 2030, and will not bear regular interest [2]. - The initial conversion rate is set at 4.1042 ordinary shares per $1,000 principal amount of Notes, equating to a conversion price of approximately $243.65 per share, representing a 27.5% premium over the last reported sale price [5]. - The net proceeds from the Offering are estimated to be approximately $1.72 billion, intended for capped call transactions, share repurchases, and general corporate purposes [6][7]. Group 2: Redemption and Repurchase Rights - Check Point may redeem the Notes under specific conditions, including tax-related events or if the last reported sale price of its ordinary shares meets certain thresholds [3][4]. - Holders of the Notes can require Check Point to repurchase the Notes for cash under certain conditions, including a fundamental change [4]. Group 3: Capped Call Transactions - Check Point has entered into capped call transactions to cover the number of ordinary shares underlying the Notes, aimed at reducing potential dilution upon conversion [8]. - The cap price for these transactions is approximately $334.43 per share, representing a 75% premium over the last reported sale price of $191.10 [8]. Group 4: Market Impact and Trading - The establishment of initial hedges for the capped call transactions may influence the market price of Check Point's ordinary shares and the Notes [9]. - Concurrent repurchases of ordinary shares may lead to higher trading prices, potentially affecting the initial conversion price of the Notes [9].

Core Insights - Check Point Software Technologies Ltd. has been recognized as a Leader in the 2025 Gartner Magic Quadrant™ for Email Security, highlighting its excellence in core email protection, integrated email security, and outbound security [1][3][4] - The company’s Harmony Email Collaboration solution utilizes AI-powered protection to combat advanced email threats, which is crucial in today's hyperconnected environment where 68% of attacks start with email [2][4] Company Differentiators - Check Point's AI-driven security solutions are designed for quick setup and vendor consolidation, addressing the challenges faced by enterprise CISOs with limited budgets [2][7] - The company offers a comprehensive workspace protection that includes email, endpoints, AI, SSE, external exposure, and DLP, making it a unique player in the email security market [7][10] - Harmony Email provides strong detection capabilities to block both everyday and sophisticated threats, enhancing organizational defenses against phishing, malware, and business email compromise [2][7] Customer Feedback - Customers have expressed satisfaction with Check Point's solutions, noting that Harmony Email & Collaboration provides peace of mind by silently blocking advanced threats and enabling secure collaboration [4][10] Industry Context - The 2025 Security Report from Check Point Research indicates that 61% of harmful files are sent via HTML attachments, underscoring the importance of robust email security solutions [2]

TEL AVIV, Israel, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). ...

Discover how to build resilient, prevention-first AI security — from models and agents to cloud workloads and connectivity. Live on December 4REDWOOD CITY, Calif., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Artificial intelligence is transforming the enterprise at unprecedented speed. AI now underpins critical workloads, cloud operations, identity systems, code pipelines, and everyday collaboration tools. As these systems expand across hybrid cloud and edge environments, organizations face a new challenge: how to se ...

Core Insights - Elite US universities have recently experienced a series of cyberattacks, resulting in the theft of sensitive data from donors and students, adding to the existing political pressures faced by these institutions [1][6]. Group 1: Cybersecurity Incidents - Dartmouth College, Harvard University, Princeton, and the University of Pennsylvania have reported breaches in the last three weeks, following a significant attack at Columbia University months earlier [2]. - The breach at Harvard, discovered on November 18, involved the theft of personal data from fundraisers, with the university typically raising over $1 billion annually [3]. - At Dartmouth, attackers exploited a vulnerability in an Oracle product to steal files, with Oracle subsequently releasing a security patch for the flaw [3]. - More than half of the Ivy League schools have now experienced cyberattacks, with five out of eight institutions affected [5]. Group 2: Motivations and Tactics - The identity of the hackers remains largely unknown, but they have used similar tactics across multiple universities, targeting databases containing personal information about high-net-worth individuals [5][8]. - Cybercriminals are increasingly targeting elite universities, which are seen as valuable due to the wealth of data they hold, including information about influential individuals [4][10]. - The political climate, particularly actions from the Trump administration, has heightened the focus on these institutions, potentially encouraging cybercriminals to target them [9]. Group 3: Data Sensitivity and Implications - Universities hold extensive data on alumni, donors, students, and even health information, making them attractive targets for identity theft and fraud [11]. - The data stolen from Columbia University included demographic information and academic history, which can be exploited for malicious purposes [11]. - The hacker involved in the University of Pennsylvania breach described the institution in derogatory terms and indicated plans to sell the stolen data [12].

Core Insights - The executive chairman of Check Point Software Technologies, Gil Shwed, discussed the challenges in the cybersecurity sector and the company's recent acquisitions, emphasizing the importance of AI in transforming the industry [1][3]. Group 1: Market Assessment - Shwed expressed skepticism about the presence of a bubble in tech stocks, noting that while AI represents a significant revolution, there may be overvalued stocks in the market [2]. - He compared the current market situation to the Internet bubble of 2001, stating that while the revolution occurred, the market experienced significant volatility [2]. Group 2: AI and Cybersecurity - AI is expected to play a crucial role in cybersecurity, potentially addressing the shortage of cybersecurity experts by allowing humans to oversee systems rather than operate them [3]. - However, the rapid pace of AI development also poses risks, including potential attacks on infrastructure and vulnerabilities in data communication [3]. Group 3: Acquisitions and Company Strategy - Check Point acquired Swiss company Lakera for $300 million to enhance its AI capabilities, highlighting the depth of technology found in the acquisition [4]. - Shwed emphasized the need for companies to create customer value and profit, criticizing the current market focus on fundraising rather than value creation [4]. Group 4: Competition and Market Position - The cybersecurity market is highly competitive, but Check Point has demonstrated the ability to generate long-term customer value and profits [4]. - Shwed acknowledged the presence of tech giants in the cybersecurity space but maintained that there is room for all players in the market [4]. Group 5: Leadership and Shareholding - Shwed remains the largest shareholder of Check Point, having sold over a million shares for approximately $205 million, but he intends to maintain his position [4]. - After stepping back from the CEO role, Shwed expressed satisfaction with his current involvement in the company, enjoying a less intensive work schedule [4].

Core Insights - Check Point Software Technologies is collaborating with Microsoft to enhance AI security for Microsoft Copilot Studio, enabling enterprises to build and deploy generative-AI agents with integrated protection and compliance [1][5] Group 1: Collaboration and Integration - The partnership integrates Check Point's AI Guardrails, Data Loss Prevention (DLP), and Threat Prevention technologies into Copilot Studio, providing continuous protection during agent runtime [2][4] - This collaboration aims to address emerging risks associated with AI agents, such as prompt injection, data leakage, and compliance drift, by extending security measures beyond traditional controls [3][5] Group 2: Security Features and Capabilities - Key capabilities include continuous runtime protection to prevent prompt injection and data leakage, integrated DLP and Threat Prevention engines, and a unified security bundle designed for large-scale deployments [8] - The solution allows organizations to leverage the full potential of Copilot Studio while ensuring compliance and maintaining visibility over AI workflows [8] Group 3: Industry Context and Leadership - The rapid adoption of AI agents presents both opportunities for innovation and challenges in maintaining data integrity and security [4] - Check Point's leadership in securing AI-powered enterprises is reinforced through this collaboration, marking a significant step in protecting the entire AI lifecycle from development to execution [5][7]

Core Insights - Check Point Software Technologies has been recognized as a Recommended vendor in the NSS Labs 2025 Enterprise Firewall Comparative Report, achieving the highest security effectiveness score of 99.59% [1][2] - The company demonstrated superior performance in exploit coverage with a score of 99.91% and complete protection from evasion strategies, highlighting its leadership in prevention-first security [1][6] - NSS Labs noted a significant increase in cyber attacks, up 44% year-over-year, emphasizing the growing need for effective security solutions [2] Security Effectiveness - Check Point's network security firewall achieved a 100% evasion resistance during prolonged attacks and high-load situations, ensuring consistent policy enforcement [3][6] - The company reported only 1 vulnerability during the evaluation period, compared to competitors who had 10X to 23X more exploited product vulnerabilities, showcasing its product integrity [3] Industry Recognition - This recognition adds to Check Point's accolades, including being named the top provider in the 2025 Miercom Enterprise and Hybrid Mesh Firewall Security Report, further validating its commitment to prevention-first cyber security [4] - The company utilizes AI-powered solutions to protect over 100,000 organizations globally, reinforcing its position as a leader in the cyber security industry [5]