BuybackMay 11, 2026, 09:02 AM
Check Point Software Expands Share Buyback Authorization by $2.0 Billion
AI Summary
Check Point Software Technologies Ltd. announced that its board of directors authorized a $2.0 billion expansion of its ongoing share repurchase program. This new authorization extends the company's existing repurchase plan, which was completed in the second quarter of 2026. Since the program's inception, Check Point has repurchased approximately 230 million shares for a total of $17.4 billion. The repurchases are expected to be funded from available working capital.
Key Highlights
- Check Point Software Technologies announced a $2.0 billion expansion of its share repurchase authorization.
- This new authorization extends the company's existing repurchase program, which was completed in Q2 2026.
- Since the program's inception, Check Point has repurchased approximately 230 million shares.
- Total purchase price for previous repurchases amounted to approximately $17.4 billion.
- As of March 31, 2026, the company had about 104.03 million ordinary shares outstanding.
- Share repurchases are expected to be funded from available working capital.
- The program allows flexibility in timing, number, and value of shares repurchased.