Check Point Software Technologies Ltd. (CHKP), a provider of cyber security solutions, on Monday said its board has approved a $2 billion expansion of its ongoing share repurchase program.
The new plan extends the company's existing buyback authorization approved in July 2024, which is expected to be completed in the second quarter of 2026.
Since the launch of its repurchase program, the company has bought back around 230 million shares for approximately $17.4 billion. As of March 31, 2026, Check Point had about 104 million shares outstanding.
The company's shares were up more than 1% in pre-market trading after closing at $114.93 on Friday.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.