Check Point (CHKP) delivered earnings and revenue surprises of 2.90% and 1.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Check Point® Software Technologies Ltd. (CHKP), a leading provider of cyber security solutions globally, today announced that Vice Chairman Jerry Ungerman will be appointed Chairman of the Board and current director Guy Gecht will be appointed Lead Independent Director of the Board following the upcoming Annual General Meeting (AGM). Mr. Ungerman will replace Marius Nacht, a Check Point founder and the Chairman of the Board since September 2015 and a director since Check Point’s inception, who elected not to stand for reelection at the upcoming AGM.

Check Point Software Technologies''s (NASDAQ:CHKP) stock is up by a considerable 16% over the past month. Given the...

Growth in security subscriptions drives Check Point's (CHKP) Q1 results. However, coronavirus-led disruptions in the supply chain are an overhang.

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Hackers have been sending emails with fake links to video meetings that direct users to malicious websites or installs malware in the background.

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Citrix (CTXS) is likely to expand presence in the SD-WAN market through partnership with Check Point Software.

Check Point Software Technologies reported higher quarterly net profit that beat expectations, boosted by higher demand for network security as more people work remotely during the coronavirus outbreak. Israel-based Check Point said on Monday it earned $1.42 per diluted share excluding one-time items in the first quarter, up from $1.32 a year earlier. "We saw an increased demand for network security gateways in order to support higher capacities and expand the use of our remote access VPN solutions."

SAN CARLOS, Calif., April 21, 2020 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has today announced the.

Check Point Software Technologies Ltd. (CHKP) beat quarterly profit expectations in the first quarter propelled by the growing need for security networks and remote solution systems as more people work from home during the coronavirus pandemic.Check Point said on Monday adjusted earnings per share rose to $1.42 in the first quarter, up from $1.32 a year earlier, and above the $1.38 forecast. Total revenue increased 3% to $486 million, beating estimates of $480.4 million. Shares were up 5.4% at $110 in pre-market trading in the U.S.“Despite the COVID-19 pandemic, we sustained elevated business activity levels and delivered results in the upper half of our guidance with strength coming from the Americas,” said Gil Shwed, Founder and CEO of Check Point. “We saw an increased demand for network security gateways in order to support higher capacities and expand the use of our remote access VPN solutions.”Shwed added that although the software company navigated through the recent challenges smoothly, “it’s hard to predict what effect this changing environment will have on the future”.Check Point disclosed that its research group identified a “dramatic” increase in coronavirus-related cyber attacks. On average, over 14,000 coronavirus-related malicious attacks occur each day with a peak of a daily 20,000 reached in April. Since January 2020, 68,000 coronavirus-related domain names were registered and the group identified malicious domains at double the rate of others.As of March 31, the software company had $3,990 million in cash balances, marketable securities and short-term deposits compared to $3,949 million as of December 31. Cash flow from operations amounted to $359 million down from $379 million in the first quarter of 2019. Year-over-year, currency-hedging transactions had a $20 million impact on the company’s cash flow from operations.Overall, Wall Street analysts are sidelined on the stock as 10 say Hold, 5 say Buy and 2 say Sell adding up to a Hold consensus rating. The $111 average price target implies the shares could advance 6.4% in the coming 12 months. (See Check Point stock analysis on TipRanks).During the first three months of the year, Check Point repurchased about 3 million shares at a total cost of about $325 million, it said.Related News: Deutsche Bank Surprises With Q1 Revenue Beat, Three Days Ahead of Schedule What To Watch For In Pfizer’s 1Q20 Earnings Tomorrow Domino’s Pizza Sees U.S. Comparable Sales Boost, Suspends Outlook More recent articles from Smarter Analyst: * 3 "Strong Buy" Penny Stocks with Massive Upside Ahead * AstraZeneca-Merck Ovarian Cancer Treatment Gets FDA Approval * J.P. Morgan: 5G Ramp Provides Upside for These 2 Stocks * Apple to Reopen Some U.S. Stores Next Week

CHKP vs. CYBR: Which Stock Is the Better Value Option?

Q1 2020 Check Point Software Technologies Ltd Earnings Call

Companies In The News Are: CNX, CHKP, CMS, AMG.

Shares of Check Point Software (NASDAQ:CHKP) were mostly unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share rose 7.58% year over year to $1.42, which beat the estimate of $1.38.Revenue of $486,500,000 rose by 3.11% year over year, which beat the estimate of $480,350,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.View more earnings on CHKPRevenue guidance hasn't been issued by the company for now.Price Action 52-week high: $121.25Company's 52-week low was at $80.06Price action over last quarter: down 9.23%Company Description Check Point Software Technologies Ltd is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2017, 47% of its revenue was from the Americas, 36% from Europe, and 17% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.See more from Benzinga * Uxin: Q4 Earnings Insights * Recap: CNX Resources Q1 Earnings * AudioCodes: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

A solid balance sheet, attractive valuation, and resilient business make Check Point a top cybersecurity play.

Image source: The Motley Fool. Check Point Software Technologies Ltd (NASDAQ: CHKP)Q1 2020 Earnings CallApr 27, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings.

SAN CARLOS, Calif., April 27, 2020 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the first quarter ended March 31, 2020..

Check Point Research, the Threat Intelligence arm of Check Point® Software Technologies Ltd. (CHKP), a leading provider of cyber security solutions globally, has published its latest Global Threat Index for April 2020. Researchers saw several COVID-19 related spam campaigns distributing a new variant of the Agent Tesla remote access trojan, moving it up to 3rd place in the Index, impacting 3% of organizations worldwide. The new variant of Agent Tesla has been modified to steal Wi-Fi passwords in addition to other information – such as Outlook email credentials – from target PCs.