Wall Street expects a year-over-year increase in earnings on higher revenues when Check Point Software (CHKP) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...

BANGKOK, Thailand, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, today announced the launch of its innovative new Partner Program. Amidst an ever-evolving cyber security landscape, this program aims to strengthen partner capabilities and fuel growth. The cyber security sector is experiencing rapid growth and transformation. According to Canalys, cyber security spending hit $19 billion recently, ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2023 Earnings Call Transcript October 30, 2023 8:30 AM ET Company Participants Kip Meintzer - Head, IR Gil Shwed - CEO & Founder Roei Golan - CFO Conference Call Participants Gabriela Borges - Goldman Sachs Adam Borg - Stifel Brad Zelnick - Deutsche Bank Tal Liani - BofA Merrill Lynch Joseph Gallo - Jefferies Saket Kalia - Barclays Patrick Colville - ScotiaBank Fatima Boolani - Citi [Starts Abruptly] on our website at Checkpoint.com. In our press relea ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET Company Participants Kip Meintzer - Head, IR Gil Shwed - CEO & Founder Roei Golan - CFO Conference Call Participants Joseph Gallo - Jefferies Tal Liani - BofA Merrill Lynch Shaul Eyal - TD Cowen Joel Fishbein - Truist Securities Raymond McDonough - Guggenheim Securities Brad Zelnick - Deutsche Bank Adam Borg - Stifel Saket Kalia - Barclays Andrew Nowinski - Wells Fargo Shebly Seyrafi - FBN Securiti ...

©2023 Check Point Software Technologies Ltd. 1 | --- | --- | --- | |---------------|--------------|-------------------| | | | | | Gil Shwed | Roei Golan | Kip E. Meintzer | | Founder & CEO | CFO | Global Head of IR | Our expectations regarding our products and solutions, and expectations related to cybersecurity and other threats. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual ...

RESOLVED, that the reelection of Gil Shwed to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, and it hereby is, approved; 6 FURTHER RESOLVED, that the reelection of Jerry Ungerman to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, and it hereby is, approved; FURTHER RESOLVED, that the reelection of Tzipi Ozer-Armon to the Board of Directors of Check Point until the 2024 annual general meeting of shareholders be, ...

Financial Data and Key Metrics Changes - Revenues for Q1 2023 reached $566 million, representing a 4% increase year-over-year, and surpassed the midpoint of projections by $1 million [7][8] - Earnings per share (EPS) were $1.80, exceeding the endpoint of projections and showing a 15% growth year-over-year [8][16] - Deferred revenues increased by 8% to $1,797 million, while calculated billings declined by 3% year-over-year to $485 million [9][10] - Gross profit rose by 5% to $502 million, resulting in a gross margin of 89%, up from 88% the previous year [14] - Operating income was $238 million, reflecting a 42% operating margin [15] - Non-GAAP net income increased to $218 million, a 7% growth year-over-year [16] - Cash balances at the end of the quarter were $3.6 billion, with operating cash flow at $386 million [17] Business Line Data and Key Metrics Changes - Product revenues declined by 7% year-over-year due to market uncertainty and extended sales cycles [10] - Security subscription revenues grew by 13% year-over-year, reaching $228 million, driven by strong performance in CloudGuard and Harmony E-mail [11] - Infinity revenues saw over 140% growth year-over-year, contributing to 81% of total revenues being recurring [12][18] Market Data and Key Metrics Changes - Revenue distribution showed that 45% came from EMEA, 43% from Americas, and 12% from Asia Pacific [13] - The company noted a cautious spending trend among customers, particularly regarding refresh projects [10][22] Company Strategy and Development Direction - The company is focusing on enhancing its cybersecurity offerings, including the launch of Infinity Global Services and expansion into Security Operation Center (SOC) markets [23][24] - The introduction of CloudGuard Native Application Protection Platform (CNAPP) aims to consolidate multiple security technologies into one solution [60][92] - The strategy emphasizes comprehensive, consolidated, and collaborative security solutions to address the evolving cybersecurity landscape [61][85] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging economic environment affecting sales cycles and project timelines [22][73] - Despite the macroeconomic challenges, the company remains optimistic about its growth potential, particularly in subscription revenues and new product offerings [107][108] - The company expects revenues for the year to be between $2.34 billion to $2.51 billion, with non-GAAP EPS projected between $7.70 to $8.30 [108] Other Important Information - The company has been actively buying back shares, purchasing 2.6 million shares for $325 million during the quarter [17] - Management highlighted the importance of customer engagement and the potential for further growth within the existing customer base [90][91] Q&A Session Summary Question: What are the drivers of improvement in billings growth? - Management indicated that several elements could lead to higher growth, including new technology launches and improved customer engagement [111][112] Question: How is the company addressing the impact of the economic environment on product revenues? - Management noted that the decline in product revenues is primarily due to delayed refresh projects and not a lack of demand [87][120] Question: What is the outlook for the second quarter and beyond? - Management expressed cautious optimism, with an increased pipeline and expectations for improvement in the second half of the year [126][129] Question: How is generative AI impacting the cybersecurity landscape? - Management acknowledged the dual potential of generative AI to be used by both good and bad actors, emphasizing the need for robust security measures [155][158]

Table of Contents Further, if the necessary infrastructure or complementary products and services are not developed in a timely manner and, consequently, the enterprise security, data security, Internet or intranet markets fail to grow or grow more slowly than we currently anticipate, our business, results of operations and financial condition may be materially adversely affected. Additional details are provided in "Item 4 – Information on Check Point". 2. CloudGuard: Automatically secure your cloud Check P ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q4 2022 Results Conference Call February 13, 2023 8:30 AM ET Company Participants Kip Meintzer - Global Head of Investor Relations Roei Golan - VP of Finance and Acting CFO Gil Shwed - Founder, and CEO Conference Call Participants Adam Tindle - Raymond James Joseph Gallo - Jefferies Keith Bachman - BMO Capital Markets Andrew Nowinski - Wells Fargo Brian Essex - JPMorgan Patrick Colville - Scotiabank Shaul Eyal - Cowen & Co Raymond McDonough - Guggenheim S ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2022 Earnings Conference Call October 27, 2022 8:30 AM ET Company Participants Kip Meintzer - Global Head of Investor Relations Tal Payne - Chief Financial Officer and Chief Operating Officer Gil Shwed - Founder, and CEO Conference Call Participants Keith Bachman - BMO Capital Markets Hamza Fodderwala - Morgan Stanley Rob Owens - Piper Sandler Michael Turits - KeyBanc Capital Markets Andrew Nowinski - Wells Fargo Fatima Boolani - Citi Brad Zelnick - De ...