CHKP Earnings Prediction
The chart below shows how CHKP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CHKP sees a -0.06% change in stock price 10 days leading up to the earnings, and a +0.15% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
CHKP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
635.10M
6.51%
1.23%
Gross Margin
87.42%
-1.50%
-0.14%
Operating Margin
34.40%
-9.28%
3.12%
Net Margin
32.58%
-5.24%
3.56%
EPS
1.82
4.00%
4.60%
No Data Available
CHKP Earnings Analysis
Check Point Software Technologies Ltd Corporation (CHKP.O) Earnings Conference Call
Positive
Q3 Revenue Increase: During the third quarter, our revenues grew by 7% to $635 million, $3 million above the midpoint of our projections.
Non-GAAP EPS Growth: Our non-GAAP EPS grew by 9% to $2.25, $0.01 above the midpoint of our projections, indicating overall very good results.
Subscription Revenue Growth: Our subscription revenue grew by 12% to $277 million, showcasing strong demand for our Infinity consolidated platform.
Billing Growth Analysis: The calculated billing reached $562 million, representing 6% growth year-over-year, while our current calculated billings grew by 5% to $563 million.
Operating Cash Flow Growth: We closed the quarter with $249 million of operating cash flow growth compared to last year, reflecting strong operational performance.
Negative
Operating Expenses Increase: Operating expenses increased by 9% to $289 million, primarily due to continued investment in workforce and additional expenses related to the acquisition of Perimeter 81.
Operating Income and EPS Growth: Our non-GAAP operating income was $274 million, while our net income grew by 5% to $255 million, and the EPS was the non-GAAP EPS was $2.25, growing by 9% year-over-year.
Quarterly Billing Adjustments: The calculated billings this quarter was affected by several deals that were pushed from Q3 to Q4, which we expect to close by the end of the year.
Billings Growth Analysis: The calculated billings reached $562 million, representing 6% growth year-over-year, while our current calculated billings grew by 5% to $563 million.
EPS Revenue Performance: In terms of revenue, we started the year with a broad range for EPS from $8.70 to $9.30, and we are going to finish it between $9.05 to $9.15, well over the mid-point that we started the year.
CHKP FAQs
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CHKP Earning Call Sentiment
Check Point Software Technologies Ltd. (CHKP) Q3 2024 Earnings Call Transcript
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00:00
00:00
CHKP.O
-1.03%Positive
The earnings call highlights strong financial performance, with revenue and EPS growth, successful large contracts, and a share buyback program. The Q&A section reflects a positive sentiment, with management confident in growth potential and strategic positioning. Despite some acquisition risks and market uncertainties, the overall outlook remains optimistic, particularly with the success of the Infinity platform and AI innovations. The positive financial results and strategic initiatives are likely to lead to a positive stock price movement over the next two weeks.
