Check Point's total sales fell 1% and missed estimates, but subscription sales rose 11%, cash flow was $258 million, and it repurchased shares. The CEO expects improvement, but says recovery is taking longer than expected, leaving the report mixed.
Growing subscription sales and cash generation support Check Point's business. Total sales still fell, and the CEO said the return to growth is taking longer than expected. These facts point in different directions, so the report does not change the outlook.
The story says Check Point makes up 2.24% of the fund and fund flows could lead to trades in its shares. It reports no actual fund flows or change to the fund's business, so its outlook is unchanged.
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