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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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.