09:38 AM EDT, 07/11/2024 (MT Newswires) -- Check Point Software Technologies ( CHKP ) said Thursday its board has authorized a $2 billion expansion of its share repurchase program.

Under the updated plan, expected to be completed in Q4, repurchases will be made based on market conditions and other factors, funded from available working capital, the company said.

The company's shares rose by nearly 1% in early Thursday trading.

Price: 171.01, Change: +0.70, Percent Change: +0.41