Annuncio pubblicitario
Italia markets closed

  • FTSE MIB

    33.629,21
    -107,19 (-0,32%)
     

  • Dow Jones

    38.675,68
    +450,02 (+1,18%)
     

  • Nasdaq

    16.156,33
    +315,37 (+1,99%)
     

  • Nikkei 225

    38.236,07
    -37,98 (-0,10%)
     

  • Petrolio

    77,99
    -0,96 (-1,22%)
     

  • Bitcoin EUR

    59.100,26
    +762,27 (+1,31%)
     

  • CMC Crypto 200

    1.324,03
    +47,05 (+3,68%)
     

  • Oro

    2.310,10
    +0,50 (+0,02%)
     

  • EUR/USD

    1,0765
    +0,0038 (+0,36%)
     

  • S&P 500

    5.127,79
    +63,59 (+1,26%)
     

  • HANG SENG

    18.475,92
    +268,79 (+1,48%)
     

  • Euro Stoxx 50

    4.921,48
    +30,87 (+0,63%)
     

  • EUR/GBP

    0,8577
    +0,0023 (+0,27%)
     

  • EUR/CHF

    0,9735
    -0,0024 (-0,25%)
     

  • EUR/CAD

    1,4726
    +0,0064 (+0,44%)
     

Check Point Software's Products and Licenses Revenue Falls In Q1, Stock Slides

Anusuya Lahiri
·2 minuto per la lettura
Check Point Software's Products and Licenses Revenue Falls In Q1, Stock Slides
Check Point Software's Products and Licenses Revenue Falls In Q1, Stock Slides

Check Point Software Technologies Ltd (NASDAQ:CHKP) reported fiscal first-quarter 2024 revenue growth of 6% year-on-year to $598.80 million, beating the consensus of $595.12 million.

The American-Israeli enterprise security solution provider's adjusted EPS of $2.04 beat the consensus of $2.01.

Revenue from Products and licenses declined 7.1% to $100.3 million, Security subscriptions increased 15.4% year over year to $263.4 million, and Software updates and maintenance grew 2.2% year over year to $235.1 million.

Margin: Adjusted operating margin remained firm at 42% Y/Y. Operating margin fell to 32.38% from 35.29% a year ago.

ANNUNCIO PUBBLICITARIO

The company generated $361 million in operating cash flow, compared to $386 million a year ago, and held $3.04 billion in cash and equivalents as of March 31, 2024.

Gil Shwed, Founder & CEO of Check Point Software Technologies, said, "We introduced Quantum Force, a new line of security gateways empowering organizations of all sizes with next-generation firewall technology. In addition, we launched new technologies including Harmony SaaS protecting SaaS platforms and data, and Infinity AI Copilot, an AI-powered security assistant enhancing security effectiveness across organizations."

Check Point Software Technologies stock gained 28% in the last 12 months. Investors can gain exposure to the stock via IShares Inc IShares MSCI Israel ETF (NYSE:EIS) and VanEck Israel ETF (NYSE:ISRA).

Price Action: CHKP shares traded lower by 3.58% at $154.87 at the last check on Thursday.

Image: Shutterstock/ whiteMocca

"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

This article Check Point Software's Products and Licenses Revenue Falls In Q1, Stock Slides originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.