CHECK POINT SOFTWARE TECHNOLOGIES LTD

Check Point Software Technologies Ltd. announced it has identified a security vulnerability affecting Remote Access VPN and Mobile Access functionality in certain configurations of its security gateway products. The company became aware of the issue on June 4, 2026, and has since released a software update to address it. While Check Point's own network is not known to be affected, instances of unauthorized access to customer environments through exploitation of this vulnerability have been identified. The company has published a security advisory and is directly communicating with known affected customers, stating that it does not currently expect a material impact on its financial condition or results of operations.

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.

Check Point Software Technologies Ltd. reported its first quarter 2026 financial results, with total revenues increasing 5% year over year to $668 million and non-GAAP EPS growing 13% to $2.50. Security subscription revenue was a key strength, rising 11% year over year, while product revenue was impacted by go-to-market changes. The company also announced the appointment of Sherif Seddik as Chief Revenue Officer, succeeding Itai Greenberg.