An update from Check Point ( (CHKP) ) is now available.
On March 18, 2025, Check Point Software Technologies Ltd., in collaboration with Israel Canada (T.R.) Ltd., submitted a tender bid for a long-term prepaid lease of a land lot in Tel Aviv, adjacent to its headquarters. The bid, amounting to NIS 818 million (approximately $224 million) plus VAT, is expected to be the winning bid, pending approval from the Tender Committee, the Tel Aviv-Jaffa Municipality, and the Israel Electric Company Ltd. If successful, Check Point plans to develop the commercial portion of the land, aligning with its expansion strategy.
More about Check Point
Check Point Software Technologies Ltd. operates in the cybersecurity industry, providing software and hardware products for IT security, including network security, endpoint protection, cloud security, and mobile security solutions. The company is focused on safeguarding digital environments and is headquartered in Tel Aviv, Israel.
YTD Price Performance: 24.82%
Average Trading Volume: 949,191
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $24.73B
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