Check Point Software Technologies Ltd (CHKP.OQ)
TEL AVIV Network security provider Check Point Software Technologies Ltd lowered its 2016 earnings outlook as customers shift to annual subscriptions as part of a drive to sell more bundles rather than single products, deferring some revenue into next year.
* Sees 9 cent hit to 2016 EPS from shift to subscriptions (Adds Q3 and updated 2016 estimates)
* Sees Q3 revenue $405-$435 million, non-GAAP EPS $1.03-$1.10
* Check point software technologies reports 2016 second quarter financial results
* Says it plans business alliance with Check Point Software Technologies Ltd, on new products development and sale business which to start from July 1
* Authorized to continue to repurchase up to $250 million of shares each quarter, up to an aggregate of $1.5 billion
TEL AVIV, April 20 Network security provider Check Point Software Technologies disappointed the market on Wednesday with a second-quarter earnings forecast that fell short of expectations.
* Sees Q2 revenue $405-$435 million, non-GAAP EPS $1.02-$1.09
TEL AVIV, April 20 Network security provider Check Point Software Technologies reported quarterly profit that beat expectations on strong demand for its advanced threat prevention products.
* Check Point Software Technologies reports 2016 first quarter financial results
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