2024 Fourth Quarter & Full Year Financial Results January 30th, 2025 Gil Shwed Founder & Exec Chair Nadav Zafrir CEO Roei Golan CFO Kip E. Meintzer Global Head of IR ©2025 Check Point Software Technologies Ltd. 1 Forward Looking Statement This presentation may contain certain forward-looking statements. These forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this report include, but are not limited to: Our expectation ...

Core Insights - Check Point Software Technologies Ltd. (CHKP) shares rose 7.4% following the release of better-than-expected fourth-quarter 2024 results, with non-GAAP earnings of $2.70 per share, surpassing the Zacks Consensus Estimate of $2.66 and meeting the upper end of management's guidance [1][8] Financial Performance - Fourth-quarter revenues reached $703.7 million, exceeding the consensus estimate of $698.2 million and above the guided range of $675-$715 million, marking a 6% year-over-year increase driven by an 8% rise in the Quantum Force appliance business and strong growth in Harmony Email and Infinity Platform revenues [3][4] - Security subscription revenues were $292.2 million, up 9.9% year-over-year, while products and licenses revenues increased 7.8% to $170.6 million, both surpassing Zacks Consensus Estimates [4] - Non-GAAP gross profit rose 6% year-over-year to $623 million, maintaining a gross margin of 89% [6] - Non-GAAP operating income for Q4 2024 was $306 million, down from $309 million in the previous year, with a non-GAAP operating margin of 43.5%, reflecting a contraction of 300 basis points due to increased operating expenses [7] Annual Performance - For the full year 2024, Check Point reported non-GAAP earnings of $9.16 per share, exceeding the Zacks Consensus Estimate of $9.11 and reflecting a 9% increase from the previous year's earnings of $8.42 per share [8] - Full-year revenues totaled $2.57 billion, surpassing the consensus mark of $2.56 billion and the guided range of $2.475-$2.625 billion, also representing a 6% year-over-year increase [9] Cash Flow and Balance Sheet - The company generated $249 million in cash from operational activities in Q4 and $1.06 billion for the full year, with stock repurchases amounting to $325 million in the quarter and $1.3 billion for the year [11] - As of December 31, 2024, deferred revenues stood at $2 billion, reflecting a 5% year-over-year increase [5] Guidance - For Q1 2025, Check Point projects revenues between $619 million and $649 million, with non-GAAP EPS expected in the range of $2.13-$2.23, while for the full year 2025, revenues are anticipated to be between $2.66 billion and $2.76 billion, with non-GAAP EPS projected at $9.60-$10.20 [12][13]

Core Insights - Check Point Software (CHKP) reported revenue of $703.7 million for Q4 2024, marking a year-over-year increase of 6.1% and exceeding the Zacks Consensus Estimate of $698.21 million by 0.79% [1] - The company's EPS for the same period was $2.70, up from $2.57 a year ago, also surpassing the consensus EPS estimate of $2.66 by 1.50% [1] Revenue Breakdown - Total revenues from products and security subscriptions reached $462.80 million, exceeding the average estimate of $454.82 million by analysts, reflecting a year-over-year increase of 9.1% [4] - Revenues from software updates and maintenance were $240.90 million, slightly below the estimated $242.63 million, with a year-over-year change of 0.6% [4] - Revenues from products and licenses amounted to $170.60 million, surpassing the average estimate of $161.62 million, representing a year-over-year increase of 7.8% [4] - Revenues from security subscriptions totaled $292.20 million, slightly below the estimated $293.23 million, with a year-over-year increase of 9.9% [4] Stock Performance - Check Point's shares have returned +9.2% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - Check Point Software reported quarterly earnings of $2.70 per share, exceeding the Zacks Consensus Estimate of $2.66 per share, and up from $2.57 per share a year ago, representing an earnings surprise of 1.50% [1] - The company posted revenues of $703.7 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.79%, and an increase from $663.5 million year-over-year [2] - Check Point has surpassed consensus EPS estimates three times over the last four quarters, and has also topped consensus revenue estimates three times in the same period [2] 分组2 - The stock has gained approximately 9.2% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is $2.23 on revenues of $632.08 million, and for the current fiscal year, it is $9.90 on revenues of $2.7 billion [7] - The Computers - IT Services industry, to which Check Point belongs, is currently in the top 30% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

TEL AVIV, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), today announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights Calculated Billings* reached $959 million, an 11 percent increase year over yearRemaining Performance Obligation (RPO)**: $2.5 billion, a 12 percent increase year over yearTotal Revenues: $704 million, a 6 percent increase year over yearProduct, License & Subscription Reven ...

Highlights from the 13th annual report with data from 170 countries, include an analysis on evolving cyber wars, the pervasiveness of ransomware and recommendations for CISOsREDWOOD CITY, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today released its annual report, The State of Global Cyber Security 2025. With an alarming 44% increase in global cyber-attacks year-over-year, the report unveils new cy ...

REDWOOD CITY, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) --  Check Point Software Technologies Ltd. (NASDAQ:CHKP), a pioneer and global leader of cyber security solutions, today released its annual report, The State of Global Cyber Security 2025. With an alarming 44% increase in global cyber-attacks year-over-year, the report unveils new cyber trends, emerging threat actor tactics, and actionable CISO guidance for navigating this changing landscape unscathed. "Cyber security in 2025 is not only about protecting ...

TEL AVIV, Israel, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that it will release its financial results for the fourth quarter and full year 2024 ended December 31, 2024, on Thursday, January 30, 2025, before the U.S. financial markets open. Management will host a video conference call with the investment community at 8:30 AM EST/5:30 AM PST on January 30, 2025. A live video webcast of the ...

Proven Protection at Scale: Check Point Harmony Email Collaboration Secures Businesses Globally, Exceeding $100M in ARRREDWOOD CITY, Calif., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced that it has been recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Email Security Platforms (ESP). Check Point provides powerful email security through Harmony Email Collaboration, protecting ema ...

Core Insights - Check Point Software Technologies Ltd. announces the transition of Gil Shwed to Executive Chairman and the appointment of Nadav Zafrir as the new CEO effective December 16, 2024 [1][2] - Gil Shwed expresses confidence in Nadav Zafrir's leadership capabilities and the company's strategy, emphasizing a commitment to achieving greater success [2] - Nadav Zafrir, previously co-founder and managing partner at Team8, has a strong background in cyber security, having established the IDF's Cyber Command and served as Commander of Unit 8200 [2] Company Overview - Check Point is a leading AI-powered, cloud-delivered cyber security platform provider, protecting over 100,000 organizations globally [3] - The company utilizes AI to enhance cyber security efficiency and accuracy through its Infinity Platform, which includes various technologies for securing workspaces, clouds, and networks [3]