IT security company Check Point Software
delivered a good set of results recently, but its guidance
disappointed and the stock took a hit. The company has long been known
for its high profit margins and excellent cash flow, but the security
marketplace is very competitive. Is Check Point starting to feel the
heat from competitors like Fortinet and Palo Alto Networks ? Or, is its guidance too conservative?
Check Point reports a good quarter
A brief look at the results indicates that Check Point's first-quarter earnings came in slightly better than the mid-point of its guidance:
A brief look at the results indicates that Check Point's first-quarter earnings came in slightly better than the mid-point of its guidance:
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