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Check Point Software shared its Q3 earnings, showing $670 million in revenue, down 1% from last year.

ResultsRead the original at Benzinga
Neutral

Check Point's revenue fell 1% from a year earlier and billings fell 5%; subscription sales rose 11% and deferred revenue grew 6%. Management expects recovery, but says it will be slower than first expected, leaving the signals mixed.

CHKP · Check Point Software

AI read · Neutral

The AI's read

Stronger subscription demand, higher deferred revenue, and adjusted profit per share and cash flow above projection midpoints support the business. Falling billings and a slower recovery pull the other way. Management expects product sales to improve from Q4, but that remains an expectation.

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