Check Point Software Technologies Ltd. Buyback
OLI recorded this information on 2/13/2023
Company:
Check Point Software Technologies Ltd.
Buyback:
CHKP buyback
$Amount Authorized:
$2.000,000,000
Buyback Details:
Check Point Software Technologies Ltd. (NASDAQ: CHKP) today announced that its board of directors has authorized a $2.0 billion expansion of the company's on-going share repurchase program. Under the extended share repurchase program, Check Point is authorized to continue repurchasing its shares up to $325 million each quarter.
Check Point Software Technologies develops, markets and supports products and services for information technology security, by providing a multilevel security architecture that defends enterprises' cloud, network and mobile device held information. Co.'s threat prevention technologies and products include AI technologies, which accurately block zero-day ransomware, sophisticated Trojans, and other malware through a malware analysis technology utilizing AI based machine and deep learning engines; and big data threat intelligence, which aggregates and analyzes big data telemetry and various Indicators of Compromise every day and its threat intelligence database is fed from connected networks.
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Avg. Broker Rec.
  
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Buy (2.66 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CHKP Stock Forecast Based on Zacks ABR data; powered by Xignite |
