Check Point Software Technologies (CHKP) revealed that its board has approved a $2 billion extension to its ongoing share repurchase program. This expansion will be financed using available working capital. The new plan extends the current repurchase authorization beyond February 2023.
As of June 30, 2024, the company had around 111 million ordinary shares in circulation. Since the inception of the share repurchase program, Check Point has bought back roughly 218 million shares at a cumulative cost of approximately $15 billion.
