Check Point Software Technologies (CHKP) Stock

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TEL AVIV, Israel, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a top provider of global cyber security solutions, has announced that it will share its financial results for the fourth quarter and full year 2024, which ended on December 31, 2024, on Thursday, January 30, 2025, before the U.S. markets open. The management team will hold a video conference call for investors at 8:30 AM EST/5:30 AM PST on the same day. A live video stream of the call will be available on the company's website at http://www.checkpoint.com/ir.

Check Point Software Technologies announced on Monday that Nadav Zafrir is the new CEO, succeeding Gil Shwed, who held the position for 30 years and transformed the Israeli network security company into a multi-billion-dollar enterprise.

TEL AVIV, Israel, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading company in cyber security solutions, has announced that Gil Shwed will become the Executive Chairman of the Board of Directors. At the same time, Nadav Zafrir has been appointed as the new Chief Executive Officer, effective December 16th.

Check Point (CHKP) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

CHKP shares are gaining from their growing range of AI-integrated products. However, high valuations and strong competition are making investors cautious.

GigaOm has recognized Check Point as a Leader and Fast Mover in its Radar Report for CNAPPs, highlighting its innovative approach, emphasis on prevention, and robust cloud security strategy.

The software part of the tech industry has seen a significant rise lately. The iShares Expanded Tech-Software Sector ETF BATS: IGV has increased by almost 38% over the past year, with over 25% of that growth happening between mid-October and mid-November.

Check Point Software Technologies (CHKP) is seeing a drop in its stock prices, even though the company announced a 7% increase in revenue for the third quarter compared to last year. CEO Gil Shwed is joining Catalysts to talk about the earnings results and explain how the market is responding.