Check Point Software Technologies Ltd. Earnings: Here’s Why Investors are Happy Now
Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.81%.
Check Point Software Technologies Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.79% to $0.83 in the quarter versus EPS of $0.77 in the year-earlier quarter.
Revenue: Rose 3.51% to $340.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Check Point Software Technologies Ltd. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.81. It beat the average revenue estimate of $337.22 million.
Quoting Management: “We are pleased with our second quarter results, which were highlighted by excellent sequential growth in our product sales. Top performers were the North American region and our new data center appliances,” said Gil Shwed, founder, chairman, and chief executive officer of Check Point Software Technologies. “Our software blades continued to deliver double-digit growth year over year, with threat prevention and application control technologies driving share gains.”
Key Stats (on next page)…