Check Point Software Earns $1.68 per Share

Check Point Software (CHKP) reported Q4 earnings of $1.68 per share. That’s an increase of 6% and it beat Wall Street’s estimate by five cents per share. Revenue rose 4% to $526 million. During Q4, CHKP bought 2.8 million shares for $305 million.

For the year, Check Point earned $5.71 per share. That’s an increase of 7% over 2017. Revenue fell 3% to $1.916 billion.

“We finished the year with record results. Our revenues were toward the top of our projections and non-GAAP EPS exceeded. Our Security Subscriptions Business continued to increase, driven by cloud, mobile and zero-day advanced threat prevention technologies. We expanded our cloud security offering with the delivery of CloudGuard SaaS solution, and the acquisition of Dome9 and ForceNock,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We started 2019 with many new innovations including two new threat prevention optimized security appliances and the new Maestro product line that provides Cloud-type HyperScale technology to reach unprecedented levels of security.” Shwed concluded.

Over the course of the year, the company bought back 10.3 million shares for $1.104 billion.

Posted by on January 30th, 2019 at 7:20 am


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