Check Point Software Technologies Ltd. (CHKP) Releases Earnings Results, Beats Expectations By $0.02 EPS

Check Point Software Technologies Ltd. (CHKP) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.07. The company posted revenue of $422.80 million in the period, compared to analysts expectations of $421.57 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on Check Point Software Technologies Ltd.. Check Point Software Technologies Ltd. was Downgraded by Deutsche Bank to ” Hold” on Jun 16, 2016. Check Point Software Technologies Ltd. was Downgraded by Citigroup to ” Neutral” on May 10, 2016.

Check Point Software Technologies Ltd. opened for trading at $81.97 and hit $82.7397 on the upside on Wednesday, eventually ending the session at $82.26, with a gain of 1.32% or 1.07 points. The heightened volatility saw the trading volume jump to 10,35,949 shares. Company has a market cap of $14,387 M.

Check Point Software Technologies Ltd (Check point) develops markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises service providers small and medium sized businesses and consumers. The Checkpoint’s Software Blade architecture offers enterprises a common platform to deploy independent modular and interoperable security applications (Software Blades) such as firewall virtual private network (VPN) intrusion prevention system (IPS) Application Control Anti-Bot antivirus data loss prevention (DLP) policy management event analysis or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

Check Point Software Technologies Ltd.

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