REDWOOD CITY, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that shareholders approved all six proposals presented at the 2025 Annual General Meeting. Approximately 85.8 million shares, representing approximately 80% of the shares outstanding as of the record date, were voted at the meeting. Check Point would like to thank shareholders for the support and confidence they have in the c ...

Enterprise Browser secures access on unmanaged devices without compromising compliance or productivityREDWOOD CITY, Calif., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced Enterprise Browser, a powerful new feature for Check Point Harmony SASE customers. Enterprise Browser extends Zero Trust security to unmanaged devices — contractors, BYOD users, and third-party partners — delivering full visi ...

We often turn to you to talk about the tech trade. What is your view of the tech trade this morning on the back of that Alphabet ruling and the idea that both Alphabet and Apple are winners in this situation where a lot of people were worried about a worst case scenario where that $20 billion deal between the two could be broken up. Short-term relief for Apple and Alphabet.At the end of the day, they have genuine competition over the next 3 to 5 years because of the transition to software 2.0%, know which m ...

Core Insights - Check Point Software Technologies has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Hybrid Mesh Firewalls, highlighting its execution and completeness of vision in delivering high-performance network security across various environments [1][3][4] Group 1: Company Recognition and Offerings - The recognition by Gartner reflects Check Point's advancements in hybrid mesh network security, which provides AI-powered real-time threat prevention and unified management for distributed networks [2][4] - Check Point's Hybrid Mesh Network Security is powered by Infinity ThreatCloud AI, achieving a 99.9% block rate against cyber attacks through real-time intelligence from millions of endpoints and over 150,000 networks [6] - The company emphasizes its open platform approach, featuring over 250 integrations that allow for customizable, multi-vendor security stacks, enhancing collaboration and eliminating gaps caused by siloed systems [6] Group 2: Customer Experience and Feedback - Customers, such as the Denver Broncos, have praised Check Point for providing a consolidated security view, allowing teams to monitor their entire attack surface without switching between different systems, thus improving operational efficiency [4] - The integration of Check Point's various security solutions, including Quantum Firewalls and CloudGuard, enables organizations to effectively manage security across on-premises, cloud, and SASE environments [4] Group 3: Industry Context - The current landscape of hyperconnected and distributed enterprise networks has expanded the attack surface, making it increasingly challenging for security teams to manage and close security gaps [2] - Check Point's solutions are designed to address these challenges by delivering consistent zero trust security and centralized management, which are critical for modern security operations [2][6]

Core Viewpoint - HUB Cyber Security Ltd. has secured up to $20 million in financing through a subordinated convertible note private placement, demonstrating institutional confidence in its AI-native Secured Data Fabric (SDF) platform and positioning the company for transformative enterprise deals [1][3][4] Financing Details - The financing is structured as subordinated convertible notes with a 4.0% annual interest rate, maturing in August 2027, and is expected to yield approximately $20 million in gross proceeds before expenses [2][3] Strategic Implications - The capital raised will be utilized to reduce debt, accelerate U.S. operations, and enhance HUB's AI-powered enterprise intelligence and crypto infrastructure capabilities, enabling the company to scale operations and pursue significant enterprise deals [1][3][4] Product Offering - HUB's SDF platform serves as an institutional control layer for regulated data, offering a more secure and cost-effective solution compared to traditional data lake systems, achieving a 50% reduction in compliance costs and faster digital onboarding [4][5] Market Demand - There is increasing demand for HUB's AI-powered SDF product across various industries, particularly in crypto infrastructure, which requires compliant and programmable data management solutions [5][6] Geographic Expansion - HUB operates in six countries and has invested approximately $200 million into its platform, with plans for accelerated expansion in North America, driven by strong interest from U.S. and Canadian institutions [6]

Palo Alter Networks, one of the biggest winners right now in the S&P 500. The cyber security software company beating top and bottom line expectations for its quarter and giving strong guidance as well. CEO Nikesh Aurora joins us now first on CNBC.Nikesh, it's great to see you. Welcome. >> Nice to see you, Sarah.>> You you say that this reflects a fundamental market shift for consumers. Explain what you're seeing. Um I'm not sure I said consumers but I think what it would be meant is it reflects the fundame ...

Core Insights - 93% of UK businesses have experienced a business-critical cyber incident, significantly higher than the global average of 86% [2][3] - UK organizations are 21% less likely to have a dedicated recovery environment and 11% less likely to have tested their recovery plans recently compared to other countries [3][6] - The concept of Minimum Viability Company (MVC) is highlighted as essential for quick business resumption post-cyberattack, yet many UK businesses face challenges in achieving this [4][5] Cyber Incident Statistics - Only 7% of UK businesses report never having experienced a business-critical incident, while 57% of incidents occurred in the last 18 months [2] - Nearly two-thirds of UK businesses have taken foundational steps towards resilience, with 65% maintaining an inventory of critical systems and 61% creating defined incident response processes [6] Barriers to Recovery - The complexity of existing systems and applications is cited as the biggest challenge for 52% of UK businesses in achieving MVC [5] - 47% of respondents struggle to align recovery plans with changing business needs, and 30% find it difficult to separate core systems from broader operations [5] Organizational Readiness - Only 36% of UK organizations strongly believe in prioritizing the MVC approach, indicating a gap in commitment to recovery strategies [7] - The evolving threat landscape has made business recovery a key concern at the board level, highlighting the need for executive leadership to prioritize recovery efforts [8]

Financial Performance - Shares are up approximately 7% driven by the higher guide [1] - Earnings per share reached 95 cents, exceeding estimates [1] - Q1 earnings per share are guided between 88 cents and 90 cents, surpassing street expectations [1] - Q1 revenue guide is also higher than what the street anticipated [1] Key Metrics - Remaining purchase obligation (RPO) is a key metric for cybersecurity software companies, indicating revenue backlog [2] - The company is guiding between 154 billion and 155 billion for RPO, exceeding consensus [2] Market Dynamics - The report is viewed as positive overall [2] - Many long-only funds hold this name, unlike competitors Checkpoint and Fortnite, which experienced declines after less impressive guides [3]

Core Insights - Gen Digital Inc. (GEN) reported strong first-quarter fiscal 2026 results, with both revenues and earnings exceeding the Zacks Consensus Estimate [1][9] - Non-GAAP earnings were 64 cents per share, surpassing the estimate by 6.7% and showing a year-over-year increase of 20.8% [1][9] - Non-GAAP revenues rose 30.3% year over year, driven by heightened demand for AI-driven cyber safety solutions [2][9] Financial Performance - Gen Digital's Cyber Safety revenues reached $869 million, up 11.4% year over year, while Trust-Based Solutions segment revenues surged 109.7% to $388 million [5] - Direct Customer revenues increased 25.4% to $1.07 billion, and Partner revenues improved 67.3% to $189 million [5] - Quarterly bookings advanced 31.7% year over year to $1.202 billion, with an average direct customer count rising to 40.6 million [6] Operating Metrics - Non-GAAP gross profit grew 26.9% year over year to $1.06 billion, although gross margin contracted by 220 basis points to 84.1% [7] - Non-GAAP operating income totaled $650 million, reflecting a 15% year-over-year increase, with an operating margin of 52% [8] Cash Flow and Balance Sheet - The company ended the quarter with cash and cash equivalents of $828 million, down from $1.006 billion in the previous quarter [10] - Long-term debt increased to $8.963 billion from $8.335 billion year over year [10] - Operating and free cash flows generated in the quarter were $409 million and $405 million, respectively [10] Guidance and Outlook - For Q2 fiscal 2026, Gen Digital anticipates revenues between $1.18 billion and $1.21 billion, with non-GAAP earnings projected between 60 cents and 62 cents [12] - For the full fiscal 2026, the revenue outlook has been raised to a range of $4.8 billion to $4.9 billion, with EPS guidance adjusted to between $2.49 and $2.56 [13]

Financial Data and Key Metrics Changes - In Q1, bookings and revenue grew over 30% year over year on a reported basis and 10% on a pro forma basis [6][24] - Non-GAAP operating margins remained robust at 52% and non-GAAP EPS exceeded guidance at $0.64, up 20% year over year [6][34] - Q1 revenue was $1.26 billion, up 30% year over year, with an extra fiscal week contributing approximately nine points to reported growth [24][25] - Excluding MoneyLion's contribution and the extra fiscal week, revenue increased 5% year over year [6][25] Business Line Data and Key Metrics Changes - The Cyber Safety Platform represented two-thirds of Q1 revenue, growing 11% on a reported basis and 4% when normalizing for the extra week [8] - Trust Based Solutions represented one-third of revenue, growing over 100% on a reported basis and 25% when normalized for the extra week and MoneyLion baseline [12] - MoneyLion's revenue grew 45% pro forma, driven by strong performance in personal financial management and its AI-powered financial marketplace [15][39] Market Data and Key Metrics Changes - Direct revenue channels grew 25% as reported and 6% pro forma, with strong fundamentals across channels and geographies [26] - Partner channels grew 68% as reported and 38% pro forma, driven by strength in employee benefits and international partnerships [27] - The total paid customer count reached over 76 million, with 40.6 million direct paid customers and 28 million engaged through partner channels [30][31] Company Strategy and Development Direction - The company is focused on product innovation and integration of MoneyLion, aiming to enhance customer experience and drive growth [5][7] - A unified go-to-market model and an AI-first strategy are being implemented to deepen competitive advantages and enhance agility [21] - The company is raising its annual revenue guidance by $100 million to a range between $4.8 billion to $4.9 billion, reflecting confidence in growth prospects [21][39] Management Comments on Operating Environment and Future Outlook - Management highlighted the importance of staying ahead of evolving cyber threats and emphasized a commitment to AI-driven innovation [10][12] - The company remains optimistic about the integration of MoneyLion and the potential for cross-selling opportunities [48][80] - Despite macroeconomic uncertainties, the business is resilient, supported by a recurring revenue base and strong customer retention [39] Other Important Information - The company plans to host an investor briefing on September 8 to provide deeper insights into its strategic direction [18] - The Q1 ending cash balance was $828 million, with operating cash flow of $409 million and free cash flow of $405 million, up 55% year over year [35][36] Q&A Session Summary Question: Can you discuss the fundamental trends in MoneyLion's business? - Management noted that MoneyLion's growth has accelerated, with a reported growth rate of 45% in Q1, driven by strong customer acquisition and increased transactional products per customer [44][46] Question: How does the company view pricing as a lever for monetization? - Management emphasized a strategy focused on innovation and delivering value, which allows for potential ARPU increases as new products are launched [49][55] Question: What operational improvements have been implemented in MoneyLion? - Management highlighted the focus on growth and operational integration, with expectations of continued innovation and margin improvement as the business scales [60][61] Question: What are the growth expectations for the Cyber Safety and Trust Based Solutions segments? - Management expects mid single-digit growth for the Cyber Safety segment and double-digit growth for Trust Based Solutions as MoneyLion is integrated [75][76] Question: Can you elaborate on the transition of MoneyLion's business model? - Management indicated plans to develop a membership structure to enhance customer engagement and retention, which may impact short-term bookings but drive long-term value [80]