Check Point Beats by a Penny

We have three earnings reports today. Cerner (CERN) and Torchmark (TMK) report after the close, but Check Point Software (CHKP) reported this morning. For Q2, the cyber-security firm earned $1.38 per share. That beat Wall Street’s consensus by one penny per share. Revenues rose 4% to $488 million which matched expectations.

“Second quarter results were driven by 13 percent growth in our security subscriptions revenues, which included our advanced threat prevention and our CloudGuard family of products,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We continued to expand our product offerings during the second quarter with the introduction of new technologies which included Malware DNA, a new artificial intelligence-based engine that accelerates zero-day threat prevention, and CloudGuard Log.ic, providing threat protection and context-rich security intelligence.”

Now for guidance. For Q3, Check Point sees EPS ranging between $1.36 and $1.44 on revenue of $480 to $500 million. For the entire year, CHKP projected earnings between $5.85 and $6.25 per share, and revenue between $1.94 and $2.04 billion.

Posted by on July 24th, 2019 at 10:33 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.