Check Point Software Technologies Reports 2019 First Quarter financial Results
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April 22, 2019 7:21 AM EDT
BMO Capital analyst Keith Bachman raised the price target on Checkpoint Software (NASDAQ: CHKP) to $125.00 (from $120.00) while maintaining a Market Perform rating following Q1 results.
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April 18, 2019 5:40 AM EDT
Check Point Software Technology (NASDAQ: CHKP) reported Q1 EPS of $1.32, $0.01 better than the analyst estimate of $1.31. Revenue for the quarter came in at $471.83 million versus the consensus estimate of $471.09 million.
Financial Highlights for the First Quarter of 2019:
Total Revenue: $472 million compared to $452 million in the first quarter of 2018, a 4 percent increase year over year. Revenues were above the midpoint of our guidance.GAAP Operating Income: $206 million compared to $213 million in the first quarter of 2018, representing 44 percent and 47 percent of revenues in the first quarter of 2019 and 2018, respectively.Non-GAAP Operating Income: $235...
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