Saturday, November 12, 2016

Check Point Software Technologies Earnings Review

Following Fortinet's pre-announcement on Oct. 11 that it would miss management's revenue forecast, investors in Check Point Software Technologies Ltd had a right to fear the worst from their company's third-quarter earnings, which were reported Oct. 31. In the end, Check Point's revenue came in at the top end of guidance and earnings per share were ahead of the estimate, with CEO Gil Shwed claiming he hadn't seen any of the kind of lengthening in the sales cycle that Fortinet's management spoke of.

Let's take a look at the earnings report.

READ THE FULL EQUITY RESEARCH REPORT LINKED