Check Point Extends Stock Buyback Program
Check Point's stock price reached an all time high last month. Last quarter the company had cash reserves of $3.8 billion
Hagar Ravet | 15:29 15.08.2017
Tel Aviv-based information security company Check Point Software Technologies Ltd. will extend its stock buyback program, the company announced Friday. The company will invest up to $250 million a quarter to buy its own shares, the company said.
Check Point's cash reserves totaled $3.8 billion at the end of the second quarter. Currently trading at near record price levels, the company's stock price reached an all time high last month.
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In recent quarters the company spent an average of $247 million a quarter on share buybacks.