Skip to main content

Market Overview

Check Point Software Technologies Posts Upbeat Q1 Results

Check Point Software Technologies Posts Upbeat Q1 Results
  • Check Point Software Technologies Ltd (NASDAQ: CHKPreported first-quarter FY21 revenue growth of 4% year-on-year to $508 million, exceeding the consensus estimate of $502.36 million. Non-GAAP EPS rose 9% to $1.54, beating analyst consensus of $1.5.
  • Products and licenses revenue declined 0.8% to $109.3 million, Security subscriptions revenue rose 11.7% to $177.4 million, and Software updates and maintenance revenue rose 1.6% to $220.9 million.
  • Non-GAAP operating income rose 6.5% to $246 million. The margin expanded 100 basis points to 49%.
  • Deferred revenue rose 8% to $1.5 billion.
  • The company held $4.1 billion in cash and cash equivalents as of Mar. 31, 2021. It generated $375 million in operating cash flow.
  • The company repurchased 2.7 million shares at $325 million in Q1.
  • Revenues and non-GAAP EPS were toward the high-end of its guidance with CloudGuard bolstering this success with nice double-digit growth, stated CEO Gil Shwed. The company’s Infinity architecture can uniquely address the cyber threat needs and consolidate security for the user, the network, and the cloud to prevent Gen V cyber-attacks, Shwed added.
  • Price action: CHKP shares closed lower by 0.12% at $119.8 on Friday.

Related Articles (CHKP)

View Comments and Join the Discussion!

Posted-In: BriefsEarnings News Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at