Cybersecurity firm Check Point rises on Q2 results beat; CEO appointment

Check Point Software Technologies

24/07/2024 14:51

** Shares of cybersecurity firm Check Point Software
Technologies  CHKP.O  up 6.6% at $181.25 in early trade
    ** Stock hit record high earlier in session at $182.67
    ** Israel-based co reports Q2 revenue of $627 million vs
LSEG estimate of $623.1 million
    ** Q2 adjusted EPS came in at $2.17 compared with LSEG
estimate of $2.16 
    ** Co says industry veteran Nadav Zafrir will join as chief
executive starting December
    ** Adds Gil Shwed, current CEO and founder, will become
executive chairman 
    ** For Q3, Check Point projects revenue of $615 million-$650
million and non-GAAP earnings per share of $2.19-$2.29
    ** Avg. rating on stock is "buy"; their median PT is $175 -
LSEG
    ** Including session's gains, stock up 18.6% YTD

 (Reporting by Roshan Abraham)
 ((Roshan.Abraham@thomsonreuters.com))