• ADT for enterprise digital security
• Oracle for enterprise cybersecurity
• Cisco for business cybersecurity solutions

• Quantum Security Gateways & Software: Provides advanced network security solutions, including next-generation firewalls and intrusion prevention, to protect data centers, networks, and branches.
• CloudGuard: Offers comprehensive cloud security, covering network security, workload protection, and posture management for public, private, and hybrid cloud environments.
• Harmony Security: Delivers unified security for users, endpoints, and mobile devices through features like endpoint protection, email security, mobile threat defense, and secure remote access.
• Infinity Global Management: Serves as a unified security management platform, consolidating control and visibility across all Check Point security products, including network, cloud, mobile, and endpoint solutions.

Check Point Software Technologies (CHKP) sells primarily to other companies and organizations (B2B).

Due to the nature of its cybersecurity business and client confidentiality agreements, Check Point does not publicly disclose a list of its specific major customers by name. Publicly traded companies typically only disclose individual customers if one customer accounts for a significant portion (e.g., 10% or more) of their revenue, which is not the case for Check Point.

Instead, Check Point serves a broad and diverse customer base globally. Their customers include:

• Large Enterprises: Including a significant portion of the Fortune Global 500 companies across various industries such as financial services, telecommunications, manufacturing, retail, and healthcare. These customers require comprehensive and advanced cybersecurity solutions to protect their extensive networks, cloud environments, endpoints, and mobile devices.
• Small and Medium-sized Businesses (SMBs): Check Point offers tailored solutions that cater to the specific security needs and budget constraints of smaller organizations, providing enterprise-grade security at an accessible scale.
• Government Agencies: Providing security solutions for various levels of government, including critical infrastructure protection, defense, and public sector organizations.

As specific customer company names are not publicly disclosed, it is not possible to list their individual symbols.

• Amazon (Symbol: AMZN)
• Microsoft (Symbol: MSFT)
• Alphabet (Symbol: GOOGL)

Nadav Zafrir, Chief Executive Officer

Nadav Zafrir joined Check Point as Chief Executive Officer and Board Member in December 2024. Previously, Mr. Zafrir was a co-founder and managing partner at Team8, a company-building venture group focused on cybersecurity, data & AI, fintech, and digital health. Team8 has backed dozens of startups, and some of its portfolio companies were acquired by Wiz Inc., Cisco Systems Inc., Palo Alto Networks Inc., and PayPal Holdings Inc. Prior to Team8, he established the Israel Defense Forces' Cyber Command and served as a Brigadier General and Commander of the elite Unit 8200. He is also a board member of SolarEdge Technologies, Inc.

Roei Golan, Chief Financial Officer

Roei Golan has been the Chief Financial Officer of Check Point Software Technologies since May 2023. He joined the company's finance department in 2021 and served as acting Chief Financial Officer from October 2022 to May 2023. Before joining Check Point, Mr. Golan worked at EY for 11 years, holding the role of Managing Director in the Technology practice. Mr. Golan holds a B.A. in Economics and Accounting and an M.B.A. in finance management, and is a certified public accountant.

Gil Shwed, Executive Chairman of the Board

Gil Shwed is a co-founder of Check Point Software Technologies, which he established in 1993 with Shlomo Kramer and Marius Nacht. He is considered the inventor of the modern computer firewall and authored several patents, including the company's Stateful Inspection technology. Mr. Shwed served as CEO from 1994 until December 2024, when he transitioned to Executive Chairman of the Board. During his military service, he was part of the Intelligence Corps' Unit 8200 of the Israel Defense Forces. Before founding Check Point, he worked as a Software Developer at Optrotech (now Orbotech).

Nataly Kremer, Chief Product Officer and Head of R&D

Nataly Kremer oversees all product and technology units, using her proficiency in delivering network, security, and cloud technologies for large enterprises. She brings extensive R&D and leadership experience to Check Point, having spent 12 years with AT&T where she led its Software and Delivery organization and AT&T's center in Israel. Ms. Kremer holds an MBA and a BSc in Computer Sciences and Management from Tel Aviv University.

Itai Greenberg, Chief Revenue Officer

Itai Greenberg serves as the Chief Revenue Officer for Check Point Software Technologies.

The rapid acceleration and widespread adoption of Secure Access Service Edge (SASE) and cloud-native security architectures pose a clear emerging threat. Companies such as Zscaler, Palo Alto Networks (with Prisma SASE), Fortinet (with FortiSASE), and Cato Networks are gaining significant market traction by offering integrated, cloud-delivered networking and security services from the ground up. This fundamental shift challenges Check Point's historical strength in traditional perimeter-based network security appliances and VPN solutions. As enterprises continue to migrate to cloud infrastructure and embrace distributed workforces, the demand for agile, scalable, and inherently cloud-centric security solutions that offer seamless policy enforcement across the entire digital estate is growing. This trend could erode Check Point's market share if its offerings are perceived as less natively integrated or less performant for modern cloud and hybrid environments compared to these purpose-built cloud-native competitors.

Check Point Software Technologies (CHKP) offers a comprehensive suite of cybersecurity solutions across several key areas. The addressable markets for their main products and services, primarily globally, are substantial:

• Overall Cybersecurity Market: The global cybersecurity market size was estimated to be between USD 245.62 billion and USD 299.6 billion in 2024. This market is projected to grow significantly, with some estimates reaching USD 500.69 billion by 2030 (CAGR 12.6% from 2025-2030) or USD 644.4 billion by 2033 (CAGR of 8.9% during 2025-2033). Another report valued the global cybersecurity market at USD 193.73 billion in 2024, with a projection to reach USD 562.77 billion by 2032 (CAGR of 14.40% from 2025-2032).
• Network Security: Check Point's Quantum portfolio addresses the network security market. The global network security market size was valued between approximately USD 22.90 billion and USD 28.4 billion in 2024. This market is forecast to expand, with projections reaching up to USD 72.97 billion by 2032 or USD 117.72 billion by 2035. A higher estimate for the global Network Security market size in 2024 was USD 78.2 billion, expected to reach USD 111.0 billion by 2029.
• Endpoint Security: Check Point Harmony covers endpoint security. The global endpoint security market size was estimated to be between USD 18.36 billion and USD 20.0 billion in 2024. Forecasts indicate this market could reach USD 31.9 billion by 2031 or USD 44.8 billion by 2033.
• Cloud Security: Check Point's CloudGuard products target cloud security. The global cloud security market size was estimated to be between approximately USD 35.84 billion and USD 40.81 billion in 2024/2025. The market is projected to reach USD 75.26 billion by 2030 or USD 121.04 billion by 2034.
• Security Operations Center (SOC) / Incident Response: Check Point also offers solutions related to security operations and incident response. The global Security Operations Center (SOC) market size was valued between approximately USD 42.85 billion and USD 44.2 billion in 2024. This market is expected to grow to USD 84.36 billion by 2034 or USD 152.59 billion by 2037.

Check Point Software Technologies (CHKP) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

1. AI-First Strategy and Advanced AI Security Solutions: Check Point is heavily investing in its "AI First" strategy, evidenced by the acquisition of Lakera in October 2025. This acquisition aims to strengthen its AI-native security stack for agentic AI applications and deliver a comprehensive, full-stack AI-powered security platform. The company is positioning its AI-driven protection across hybrid environments as a differentiator in a landscape increasingly defined by AI-powered cyber threats.
2. Expansion and Demand for Emerging Product Lines: Increased demand for Check Point's growing portfolio, including Hybrid-Mesh-Network, Workspace, and External Risk Management (ERM), is a significant growth driver. New product lines such as email, ERM, and Secure Access Service Edge (SASE) have demonstrated strong year-over-year growth, with emerging technology annual recurring revenue (ARR) increasing by over 40% in Q3 2025.
3. Strategic Acquisitions to Enhance Platform Capabilities: Recent acquisitions like Veriti (May 2025) and Cyberint (October 2024) are being integrated into Check Point's Infinity Platform. These acquisitions bolster the platform's capabilities in threat exposure management, external risk management, and overall threat prevention, allowing Check Point to offer a more complete and proactive security solution.
4. Strengthening Go-to-Market Strategy and Sales Initiatives: Management has emphasized a focus on advancing its go-to-market strategy to accelerate revenue growth. This includes sustained investment in sales and marketing efforts to capitalize on market opportunities and expand its customer base, even if it leads to short-term margin compression.
5. Ongoing Product Refresh Cycle: Check Point is experiencing an acceleration in revenue growth driven by product refreshes, particularly with its new Quantum Force appliances. This refresh cycle for its existing installed base, along with opportunities arising from competitors' refresh cycles, is expected to continue and contribute to revenue through 2026.

Share Repurchases

• In August 2021, Check Point Software Technologies' board of directors authorized a $2 billion expansion of its ongoing share repurchase program, allowing repurchases of up to $325 million each quarter.
• In July 2024, the board authorized another $2.0 billion expansion of the share repurchase program. As of June 30, 2024, Check Point had repurchased approximately 218 million shares for a total of roughly $15 billion since the program's inception.
• During the second quarter of 2025, the company repurchased approximately 1.5 million shares for about $325 million. In the third quarter of 2025, approximately 1.6 million shares were repurchased at a cost of around $325 million.

Share Issuance

• Check Point's stock-based compensation, which contributes to share issuance, was $0.398 billion for the twelve months ending June 30, 2025, representing a 6.62% increase year-over-year.
• Annual stock-based compensation for 2023 was $0.145 billion, an increase of 10.58% from 2022.

Outbound Investments

• Check Point acquired Veriti in May 2025, enhancing its Infinity platform.
• In October 2025, the company acquired Lakera to expand its AI security capabilities and strengthen its AI-native security stack.
• Other notable acquisitions include Cyberint in August 2024 and Perimeter 81 in August 2023 for $490 million.

Capital Expenditures

• Capital expenditures have varied over the last few years, with $18.6 million in 2023 and $24.2 million in 2024.
• Expected capital expenditures are $26.69 million for 2025, $29.48 million for 2026, and $35.66 million for 2027.
• A significant capital expenditure in the third quarter of 2025 was approximately $160 million for the land of a new Check Point Tel Aviv Campus.