- Reuters•2 hours ago
Network security provider Check Point Software Technologies Ltd lowered its 2016 earnings outlook as customers shift to annual subscriptions as part of a drive to sell more bundles rather than single products, deferring some revenue into next year. Check Point said it continues to achieve strong growth from products to prevent cyber security threats as the market moves away from technology that simply detects network penetration. "We see the transition (to subscriptions) moving faster than we expected," Chief Executive Officer Gil Shwed said on a conference call with analysts after second-quarter results that beat estimates.
- Investor's Business Daily•4 hours ago
Check Point stock plunged to three-week low Tuesday as its Q3 guidance missed on the top and bottom lines.
Check Point Software Technologies Ltd.NasdaqGS
|Bid||80.23 x 100|
|Ask||80.25 x 300|
|52wk Range||65.09 - 89.98|
|Day's Range||78.39 - 81.97|
|Avg Vol (3m)||1,448,347|
As of 3:50 PM EDT. NasdaqGS Real Time Price. Market open.