Check Point Software Technologies saw its stock soar 5.31% in pre-market trading on Thursday after reporting strong fourth-quarter results that beat Wall Street estimates. The cybersecurity firm's revenue for the quarter rose 6% year-over-year to $704 million, exceeding analysts' expectations of $699 million.

Check Point's adjusted earnings per share of $2.70 also topped estimates of $2.66. The company cited growing demand for its cybersecurity products and services, driven by the rise in AI capabilities and geopolitical tensions, as the key factors behind its strong performance.

CEO Nadav Zafrir, who took over the role in December, highlighted the continued adoption of AI as a catalyst for future growth. He noted that as attackers leverage AI, the attack surface will change, increasing the need for Check Point's consolidated security platform that prevents threats across networks, mobile, and the cloud.