Oct 29, 12:37 PM

Check Point Software Stock Plummets 15% Despite Q3 Revenue Growth; Commvault Rises

Check Point Software Technologies reported its third-quarter financial results, showing a 7% increase in revenue to $635.1 million, with security subscriptions revenue up 11.5%. Despite the revenue growth and earnings matching estimates, the company's margins declined due to rising expenses. Consequently, Check Point's stock plummeted nearly 15% and was down 7.7% pre-market. CEO Gil Shwed discussed the quarterly results and noted a record spike in cyber attacks year over year. In contrast, Commvault's stock rose 12.4% pre-market after announcing its fiscal 2025 second-quarter financial results.

#Check Point Software Technologies #Check Point #Gil Shwed #Commvault

Written with ChatGPT (GPT-4o).

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SiliconANGLE@SiliconANGLE
1 year ago
Check Point shares down, Commvault up on quarterly earnings https://t.co/Nz3IzIIDcP
GuruFocus@gurufocus
1 year ago
Check Point Stock Plummets Nearly 15% Despite Strong Q3 Growth $CHKP #stocks #investing #valueinvesting # https://t.co/nBRJbTnZur
AlphaSense@AlphaSenseInc
1 year ago
$CVLT Guidance: "For fiscal Q3, we expect Subscription revenue, which includes both the software portion of term-based licenses and SaaS to be in the range of $143 million to $147 million. This represents 27% year-over-year growth at the midpoint. We expect total revenue to be… https://t.co/9mHTRelDF9

Check Point Software Stock Plummets 15% Despite Q3 Revenue Growth; Commvault Rises

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