Adrian Johnson
TLDR:
– Check Point Software announces appointment of new CEO Nadav Zafrir
– Reports strong second quarter results for 2024
Check Point Software Technologies Ltd. has announced the appointment of Nadav Zafrir as their new CEO, with current CEO Gil Shwed transitioning to Executive Chairman. Nadav Zafrir brings extensive experience in cyber security and technology, having served as a co-founder and managing partner at Team8 for the past 10 years. The company also reported strong financial results for the second quarter of 2024, with total revenues reaching $627 million, a 7 percent increase year over year. Key financial highlights include a 14 percent increase in Security Subscription Revenues, as well as a 2 percent increase in deferred revenues year over year. Check Point also announced a $2 billion expansion of their share repurchase program, reflecting confidence in their future growth. The company will be participating in several investor conferences in the third quarter of 2024 to discuss their latest strategies and initiatives.
Check Point Software Technologies Ltd. is a leading AI-powered, cloud-delivered cyber security platform provider, protecting over 100,000 organizations worldwide. The company’s comprehensive platform includes a range of solutions such as Check Point Harmony for secure workspaces, Check Point CloudGuard for cloud security, and Check Point Quantum for network security. Check Point leverages the power of AI to enhance cyber security efficiency and response times, offering proactive threat anticipation and smarter security solutions.
