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Check Point Software profit and revenue top estimates

JERUSALEM, Oct 28 (Reuters) – Check Point Software Technologies (CHKP.O) beat estimates with a slight acquire in third-quarter web profit, boosted by progress in its consolidated cyber safety platform and cloud safety merchandise.

Israel-based Check Point on Thursday stated it earned $1.65 per diluted share excluding one-off objects within the July-September interval, up from $1.64 a 12 months earlier. Revenue grew 5% to $534 million, with the corporate on its option to top $2 billion for a second straight 12 months in 2021.

It was forecast to earn $1.60 a share on revenue of $530 million, in keeping with I/B/E/S knowledge from Refinitiv.

Check Point stated it purchased again 2.64 million shares within the quarter, price $325 million, as a part of its share repurchase programme. The firm stated it has expanded the programme by one other $2 billion and would proceed to purchase as much as $325 million of its personal shares every quarter.

Reporting by Steven Scheer
Editing by David Goodman

The logo of network security provider Check Point Software Technologies Ltd is seen at their headquarters in Tel Aviv, Israel August 14, 2016. Picture taken August 14, 2016. REUTERS/Baz Ratner

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