About Check Point Software Technologies Ltd. © 2024 Check Point Software Technologies Ltd. All Rights Reserved As of June 30, 2024, Check Point had approximately 111 million ordinary shares outstanding, and since the beginning of the share repurchase program, Check Point has repurchased approximately 218 million shares for a total purchase price of approximately $15 billion. The updated plan extends the company's existing repurchase authorization from February 2023, which is expected to be completed during ...

REDWOOD CITY, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), a leading provider of cyber security solutions globally, today announced that it will release its financial results for the second quarter ended June 30, 2024, on Wednesday, July 24, 2024, before the U.S. financial markets open. Management will host a video conference call with the investment community at 8:30 AM EST/5:30 AM PST on July 24, 2024. A live videocast of the call will be hosted on the c ...

| --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | ...

CloudGuard WAFaaS is an essential component of Check Point's prevention-first cloud security solution. With features ranging from AI-based threat detection, API discovery bot prevention, file security, and rate limiting, CloudGuard WAFaaS offers a comprehensive suite of application and API protection for multiple cloud and modern architectures and includes DDoS prevention and automated certificate management. As part of the Check Point Infinity Platform to defend the cloud, key features for CloudGuard WAFaa ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. It also includes access to the Zacks Style Scores. What are ...

REDWOOD CITY, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, reinforces its Web Application Firewall with the powerful API Discovery feature, aimed at strengthening organizations' cloud assets. This innovative tool, combined with its cloud native prevention first capabilities, has positioned Check Point as a leading performer in GigaOm's latest Radar for Application and API Security. Amids ...

Check Point Software Technologies (CHKP) reported first-quarter 2024 results, wherein both the bottom and top lines surpassed the Zacks Consensus Estimate and improved year over year.The IT security solutions provider reported non-GAAP earnings of $2.04 per share, beating the Zacks Consensus Estimate of $2.01. The bottom line increased 13% from the year-ago quarter’s earnings of $1.8 per share.Check Point’s quarterly revenues increased 6% year over year to $598.8 million and surpassed the Zacks Consensus Es ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 6% year-over-year, reaching $599 million, which was above the midpoint of projections [135][126] - Earnings per share (EPS) increased by 13% to $2.04, and net income grew by 8% to $235 million [135][138] - Subscription revenues grew by 15% to $263 million, contributing significantly to overall revenue growth [136][135] - Deferred revenues increased by 2% to $1,826 million, with current deferred revenues also growing by 2% to $1,347 million [126] Business Line Data and Key Metrics Changes - The Infinity platform investments are yielding returns, with sales of Infinity agreements generating 13% of total business revenues [7] - New business bookings showed double-digit growth, indicating strong demand for the company's products [127][135] - The company launched new products, including the AI Copilot, which simplifies security management tasks [145] Market Data and Key Metrics Changes - Revenue distribution showed that 46% came from EMEA, 42% from the Americas, and 12% from APAC, with growth noted in all regions [137] - EMEA led the growth in new business, indicating a strong market presence in that region [137] Company Strategy and Development Direction - The company is focusing on integrating its products into a comprehensive platform to enhance security and operational efficiency [144] - There is an emphasis on AI technology to improve security management and response times [145] - The company is exploring new market opportunities, particularly in securing AI cloud infrastructure [20] Management's Comments on Operating Environment and Future Outlook - The management noted a mixed operating environment, with the security marketplace remaining healthy but customer budgets still tight [9][35] - There is an expectation for improved customer spending in the second half of the year, although budgets are currently constrained [35][105] - The management is optimistic about the potential for double-digit revenue growth in the future, driven by new product offerings and market demand [26][92] Other Important Information - The company has over $3 billion in cash and marketable securities, indicating a strong financial position [129] - The company is actively evaluating M&A opportunities but is cautious about valuations in the current market [100][98] Q&A Session Summary Question: What are the assumptions for achieving double-digit revenue growth? - Management indicated that achieving double-digit growth would require either product revenue growth or accelerated subscription growth [26] Question: How is the competitive environment affecting the company? - Management acknowledged competitive pressures but emphasized the superiority of their technology and the importance of providing the best security solutions [55][56] Question: What is the impact of new appliances on growth? - The company noted positive traction from new appliances but acknowledged that the transition takes time due to customer certification processes [42][43] Question: How are Infinity contracts performing? - Management reported that Infinity customers are committing to longer contracts and higher budgets, indicating strong engagement [37][39] Question: What is the outlook for cash flow growth? - Management stated that cash flow is expected to align with net income growth, depending on billing execution [50][99] Question: How will the partnership with NVIDIA work? - The partnership is still in progress, with a focus on integrating security solutions into NVIDIA's AI infrastructure [86][110]

| --- | --- | --- | --- | |-------------------------------------------------------|-------------------------|----------------|-----------------------------------| | | | | | | | | | | | | | | | | 2024 First Quarter Financial Results April 25th, 2024 | Gil Shwed Founder & CEO | Roei Golan CFO | Kip E. Meintzer Global Head of IR | | | | | | ©2024 Check Point Software Technologies Ltd. 1 YOU DESERVE THE BEST SECURITY Forward Looking Statement During this presentation, Check Point's representatives may make cert ...

Check Point Software (CHKP) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.49%. A quarter ago, it was expected that this data security company would post earnings of $2.46 per share when it actually produced earnings of $2.57, delivering a surprise of 4.47%.Over the last four quart ...