Check Point Software Earns $1.54 per Share

This morning, Check Point Software (CHKP) reported Q1 earnings of $1.54 per share. That beat Wall Street’s estimate by four cents per share. Quarterly revenues rose 4% to $508 million and operating income was up 49% to $246 million. EPS increased by 9%.

“We are pleased with our first quarter 2021 financial results. Revenues and non-GAAP earnings per share were toward the high-end of our guidance with CloudGuard bolstering this success with nice double-digit growth,” said Gil Shwed, Founder and CEO of Check Point Software Technologies.

“The cyber threat landscape is reaching new levels of risk and requires a holistic security architecture to prevent the next cyber pandemic. Our Infinity architecture can uniquely address these needs and consolidate security for the user, the network and the cloud to prevent Gen V cyber-attacks.”

Check Point now has more than $4 billion in cash. Last quarter’s cash flow from operations was $375 million. During the quarter, Check Point bought back 2.7 million shares for about $325 million.

CHKP is up about 1.4% in pre-market trading.

Posted by on April 26th, 2021 at 7:47 am


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