CHKP | Market Cap: $14.2B (07/13/26)
Industry:
Software
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DESCRIPTION

Check Point Software is a cybersecurity company headquartered in Tel Aviv, Israel, focused primarily on network security — firewalls and gateways that protect enterprise networks from cyberattacks. Check Point's core firewall product line, branded Quantum, inspects traffic across data centers, cloud environments, and enterprise perimeters using AI-powered detection engines fed by its ThreatCloud AI global threat intelligence network. Check Point sells to enterprises, governments, and service providers almost entirely through a two-tier indirect channel of distributors and resellers. Check Point's revenue breaks into three lines: hardware appliances and software licenses (~20% of revenue), security subscriptions (~45%), and software updates and maintenance (~35%). The business model is to sell firewall hardware once and generate recurring subscription and maintenance revenue over the customer relationship. Hardware refresh cycles drive upfront product revenue and new subscriptions, while upsell into adjacent products — email security, SASE, and exposure management — drives subscription growth. Check Point's emerging products in email security, SASE, and external risk management were each growing above 40% ARR in FY25. Beyond its core firewall business, Check Point is expanding into four strategic pillars: hybrid mesh network security, workspace security, exposure management, and AI security, the latter focused on protecting enterprise AI deployments. Check Point holds $4.3B in cash and investments and has been active in tuck-in acquisitions and share buybacks to support this strategy.

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