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 ...

REDWOOD CITY, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), today announced its financial results for the quarter ended March 31st, 2024. First Quarter 2024: Total Revenues: $599 million, a 6 percent increase year over yearSecurity Subscription Revenues: $263 million, a 15 percent increase year over yearGAAP Operating Income: $194 million, representing 32 percent of total revenuesNon-GAAP Operating Income: $252 million, representing 42 percent of total re ...

Technology stocks are on the brink of revealing robust first-quarter results, which are expected to be up 19.4% from the same period last year on 8.3% higher revenues, per the latest Earnings Preview.The explosion of artificial intelligence (AI) in both production processes and final products has created tremendous opportunities for the overall technology space. The surge in demand for generative AI chips, essential for large language models, continued to bolster semiconductor companies' performance.Sales d ...

Check Point (CHKP) recently introduced new features for its Harmony Email & Collaboration service. These include patented unified quarantine, DMARC monitoring, archiving and Smart Banners.The company has been continuously updating Harmony Email & Collaboration since 2023, with more than 75 new features to strengthen email security against cyber threats. These new additions offer advanced protection on a single interface.Despite the advancements in cybersecurity, email remains the main target for cyber-attac ...

REDWOOD CITY, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, today announced new email security features that enhance its Check Point Harmony Email & Collaboration portfolio: Patented unified quarantine, DMARC monitoring, archiving, and Smart Banners. Since 2023, Check Point has released over 75 new features for Harmony Email & Collaboration, further strengthening collaborative email sec ...

```markdown [Identity of Directors, Senior Management and Advisers](index=3&type=section&id=Item%201.%20Identity%20of%20Directors%2C%20Senior%20Management%20and%20Advisers) This section indicates that the information regarding the identity of directors, senior management, and advisers is not applicable in this specific item, directing readers to Item 6 for relevant details. - Information regarding the identity of directors, senior management, and advisers is not provided in this item, with a cross-reference to Item 6 for details.[40](index=40&type=chunk)[41](index=41&type=chunk) [Offer Statistics and Expected Timetable](index=3&type=section&id=Item%202.%20Offer%20Statistics%20and%20Expected%20Timetable) This section states that the information regarding offer statistics and expected timetable is not applicable for this report. - The section explicitly states 'Not applicable' for offer statistics and expected timetable.[22](index=22&type=chunk)[40](index=40&type=chunk) [Key Information](index=3&type=section&id=Item%203.%20Key%20Information) This section outlines significant risks that could materially and adversely affect the company's business, financial condition, operating results, and growth prospects. [Risk Factors](index=7&type=section&id=Item%203.%20Key%20Information_Risk%20Factors) This section outlines significant risks that could materially and adversely affect the company's business, financial condition, operating results, and growth prospects. These risks span market competition, product development, economic uncertainties, third-party dependencies, legal and regulatory matters, intellectual property, operational challenges in Israel, and general risks related to share ownership and foreign private issuer status. [Risk Factors Summary](index=7&type=section&id=Item%203.%20Key%20Information_Risk%20Factors_Risk%20Factors%20Summary) A high-level overview of the principal risks, including competition, product development, economic downturns, product family dependence, distributor reliance, lawsuits, export controls, open-source technology, international operations, and intellectual property issues. - Investment in ordinary shares involves a **high degree of risk**, with additional risks potentially emerging.[41](index=41&type=chunk) - Key risks include inability to compete, need for pricing model changes, prolonged economic uncertainties, dependence on limited product families and distributors, and various lawsuits/tax disputes.[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk) [Risks Related to Our Business and Our Market](index=7&type=section&id=Item%203.%20Key%20Information_Risk%20Factors_Risks%20Related%20to%20Our%20Business%20and%20Our%20Market) The company faces intense competition in the information and network security market, requiring continuous product innovation and adaptation to evolving technologies and customer needs. Economic uncertainties, geopolitical conflicts (e.g., Israel-Hamas, Russia-Ukraine), and natural disasters pose significant threats to demand, sales cycles, and operational stability. Product defects and security breaches could severely harm reputation and business. - The market for information and network security solutions is **intensely competitive** and its growth depends on factors like Internet usage expansion, cloud adoption, new service development, data security measures, and economic/political conditions.[118](index=118&type=chunk)[120](index=120&type=chunk)[123](index=123&type=chunk) - Prolonged economic uncertainties or downturns, including rising interest rates, inflation, and geopolitical conflicts (Israel-Hamas, Russia-Ukraine), could lead to reduced customer spending, longer sales cycles, and increased price competition.[121](index=121&type=chunk)[139](index=139&type=chunk)[140](index=140&type=chunk) - Failure to enhance existing products or develop new, technologically advanced ones in a timely manner, or to successfully commercialize them, could adversely affect business and results of operations due to rapid technological advances and evolving security threats.[131](index=131&type=chunk)[132](index=132&type=chunk) - Product defects, security breaches, or the inability to protect against sophisticated attacks could harm the company's reputation, increase costs, and impair market acceptance.[142](index=142&type=chunk)[143](index=143&type=chunk)[144](index=144&type=chunk)[146](index=146&type=chunk) - Acquisitions, such as Perimeter 81, Atmosec, and rmsource in **2023**, carry risks including management distraction, integration difficulties, dilution of ownership, and potential failure to achieve anticipated benefits.[147](index=147&type=chunk)[148](index=148&type=chunk) - The company is dependent on a limited number of product families (integrated appliances, Internet security, security subscriptions, software updates, maintenance) for the **majority of its revenues**.[183](index=183&type=chunk) - Competition for highly skilled personnel is intense, particularly in Israel and the U.S., posing a risk to business, financial condition, and results of operations if the company fails to attract and retain talent.[185](index=185&type=chunk) [Risks Related to Our Dependence on Third-Parties](index=8&type=section&id=Item%203.%20Key%20Information_Risk%20Factors_Risks%20Related%20to%20Our%20Dependence%20on%20Third-Parties) The company relies heavily on a small number of distributors for a significant portion of its sales, making it vulnerable to changes in their purchasing behavior or competitive focus. It also depends on limited sources for key components and contract manufacturers, particularly in Taiwan, exposing it to supply chain disruptions and geopolitical tensions. Furthermore, the integration of third-party technology and reliance on external cloud service providers introduce risks of intellectual property claims and service interruptions. - Approximately **40% of sales** in **2023**, **2022**, and **2021** were derived from the **three largest distributors**, making the company highly dependent on them.[186](index=186&type=chunk) - Reliance on limited suppliers for key components and contract manufacturers (majority hardware in Taiwan) exposes the company to supply chain disruptions and geopolitical risks (e.g., China-Taiwan tension).[188](index=188&type=chunk)[189](index=189&type=chunk) - Incorporating third-party technology in products creates dependence on providers and potential exposure to intellectual property claims if licenses are not obtained or renewed on acceptable terms.[190](index=190&type=chunk)[191](index=191&type=chunk) - Failures of third-party servers, cloud service providers, and other infrastructure could disrupt operations and adversely impact business and results.[193](index=193&type=chunk)[194](index=194&type=chunk) [Risks Related to Tax, Legal and Regulatory Matters](index=8&type=section&id=Item%203.%20Key%20Information_Risk%20Factors_Risks%20Related%20to%20Tax%2C%20Legal%20and%20Regulatory%20Matters) The company faces significant tax disputes and governmental proceedings, particularly with the Israeli Tax Authority (ITA), which has issued orders for substantial additional tax payments. Uncertainties in global tax reforms (e.g., U.S. Tax Act, Inflation Reduction Act, OECD BEPS Pillar 2) and complex tax laws could materially affect tax obligations and effective tax rates. Additionally, class action litigation due to stock price volatility and compliance with governmental export/import controls pose financial and operational risks. - The Israeli Tax Authority (ITA) issued orders in January **2023** challenging tax positions for **2016-2019**, demanding **NIS 479 million (approx. $132 million)** in additional taxes, plus **NIS 421 million (approx. $116 million)** for future deductible expenses. An appeal has been filed.[197](index=197&type=chunk)[124](index=124&type=chunk)[599](index=599&type=chunk) - The ITA also issued a tax assessment for **2020** with similar arguments, demanding **NIS 84 million (approx. $23 million)** in additional taxes, plus **NIS 95 million (approx. $26 million)** for future deductible expenses.[198](index=198&type=chunk)[569](index=569&type=chunk)[595](index=595&type=chunk) - Uncertainties in global tax reforms, including the U.S. Tax Cuts and Jobs Act (R&D capitalization), the Inflation Reduction Act (**15% corporate alternative minimum tax**, **1% excise tax on stock repurchases**), and OECD BEPS Pillar 2 (global minimum **15% tax**), could materially affect tax obligations and effective tax rates.[201](index=201&type=chunk)[202](index=202&type=chunk)[203](index=203&type=chunk)[204](index=204&type=chunk) - Compliance with U.S. export controls and international import regulations for encryption technology is critical; failure could lead to penalties, reputational harm, and delays in product introduction or sales.[209](index=209&type=chunk)[210](index=210&type=chunk) - Class action litigation due to stock price volatility or other factors could result in substantial costs and divert management's attention.[207](index=207&type=chunk) [Risks Related to Our Intellectual Property](index=8&type=section&id=Item%203.%20Key%20Information_Risk%20Factors_Risks%20Related%20to%20Our%20Intellectual%20Property) The company's ability to protect its proprietary technology through patents, copyrights, trademarks, and trade secrets is crucial. Challenges to existing patents, failure to secure new ones, or independent development by competitors could harm the business. The use of open-source technology in products also carries risks, including potential requirements to disclose proprietary source code, which could erode competitive advantages. Furthermore, intellectual property infringement claims from third parties could lead to costly litigation or expensive licensing agreements. - Failure to successfully protect intellectual property rights (patents, copyrights, trademarks, trade secrets) could substantially harm the business, as competitors may develop similar technologies or copy aspects of products.[211](index=211&type=chunk)[212](index=212&type=chunk)[213](index=213&type=chunk) - Incorporation of open-source technology, if improperly used, could require disclosure

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Check Point Software Technologies (CHKP) has collaborated with NVIDIA (NVDA) to bolster the security of artificial intelligence (AI) cloud infrastructure. Through the integration of NVIDIA BlueField Data Processing Units (DPUs), CHKP is introducing the AI Cloud Protect solution, aimed at thwarting threats at both network and host levels.The proliferation of AI has revolutionized various sectors, including healthcare, education and finance. However, this growth also brings forth new attack vectors targeting ...

REDWOOD CITY, Calif., March 19, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, today announced it is collaborating with NVIDIA to enhance the security of AI cloud infrastructure. Integrating NVIDIA BlueField DPUs, which feature a broad range of purpose-built, innovative security capabilities, the new Check Point AI Cloud Protect solution will help prevent threats at both the network and host levels. "AI p ...

41 state attorneys general have penned a letter to Meta Platforms (NASDAQ:META) expressing concerns over the increasing number of complaints about hacked Facebook and Instagram accounts, as Wired reported last week. There could be a solution to this. One of them is for Meta to scour the landscape of cybersecurity stocks and select some for acquisition targets.Some of the illicit activities the platform faces include charging large sums to stored credit cards or running unauthorized advertisements. As cyberc ...