Check Point Software Technologies Ltd. (NASDAQ:CHKP) reported upbeat earnings for the second quarter on Wednesday.
The company posted quarterly earnings of $2.37 per share which beat the analyst consensus estimate of $2.36 per share. The company reported quarterly sales of $665.200 million which beat the analyst consensus estimate of $661.751 million.
“We delivered solid second-quarter results, driven by growth in our emerging technologies portfolio including Email, SASE, and Enterprise Risk Management. Quantum Force appliances continued a double-digit growth trajectory, reflecting strong customer trust in our innovation and prevention-first ethos,” said CEO Nadav Zafrir. “We continued to advance our strategic roadmap with the acquisition of Veriti, strengthening the Infinity platform’s open-garden architecture. The third quarter is shaping up well with strong July indicators. We have a healthy pipeline heading into the second half of the year underscoring our full-year outlook.”
Check Point Software shares fell 1.3% to trade at $184.30 on Thursday.
These analysts made changes to their price targets on Check Point Software following earnings announcement.
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