• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cyber Security Market
    Cyber Security News
    Cyber Security Stocks
    • Cyber Security Market
    • Cyber Security News
    • Cyber Security Stocks
    security investing

    Check Point Software Q3 Earnings Driven By Subscription Growth

    Dorothy Neufeld
    Oct. 28, 2019 09:05AM PST
    Cyber Security Investing

    Cloud security subscriptions increased by 13 percent, boosting Check Point’s EPS to US$1.25 and cash balances to US$40.55 million.

    Check Point Software (NASDAQ:CHKP), cybersecurity company reported that cloud security subscriptions helped drive revenue for the third quarter, with subscriptions rising 13 percent year-over-year. Net income figures dropped to US$188 million, from US$198 million compared to the same time last year while total revenues increased 4 percent to US$491 million.

    As quoted in the press release:

    “During the third quarter, our security subscriptions continued to drive results with 13 percent growth. This was underscored by expanded customer adoption of our cloud solutions,” said Gil Shwed, Founder and CEO of Check Point Software Technologies. “We continued to increase the breadth of our offerings with the introduction of CloudGuard Connect and CloudGuard Edge, providing enterprises with industry leading threat prevention driven by a cloud service.”

    Financial Highlights for the Third Quarter of 2019:

    • Total Revenue: $491 million compared to $471 million in the third quarter of 2018, a 4 percent increase year over year.

    • GAAP Operating Income: $214 million compared to $226 million in the third quarter of 2018, representing 44 percent and 48 percent of revenues in the third quarter of 2019 and 2018, respectively.

    • Non-GAAP Operating Income: $246 million compared to $250 million in the third quarter of 2018, representing 50 percent and 53 percent of revenues in the third quarter of 2019 and 2018, respectively.

    • GAAP Taxes on Income: $47 million compared to $45 million in the third quarter of 2018.

    • GAAP Net Income & Earnings per Diluted Share: GAAP net income was $188 million compared to $198 million in the third quarter of 2018. GAAP earnings per diluted share were $1.25, same as third quarter of 2018.

    • Non-GAAP Net Income & Earnings per Diluted Share: Non-GAAP net income was $217 million compared to $219 million in the third quarter of 2018.  Non-GAAP earnings per diluted share were $1.44 compared to $1.38 in the third quarter of 2018, a 4 percent increase year over year.

    Click here to read the full press release.

    security investingcheck point software technologiesnasdaq:chkpunited states
    The Conversation (0)

    Go Deeper

    AI Powered
    Skyscrapers with logos of Apple, Amazon and Microsoft; "Tech 5" text overlay.

    Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

    Graphic of a shield and icons representing banks, computers and the cloud.

    Cybersecurity Stocks: 10 Biggest Companies in 2025

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cyber Security Investing Stocks

    Aether Global Innovations

    AETH:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×