Overview

* Check Point Q3 revenue rises 7% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company acquired Lakera to enhance AI security capabilities

Outlook

* Company did not provide specific guidance for future quarters or full-year forecasts

Result Drivers

* INCREASED DEMAND - Co attributes strong Q3 results to heightened demand for hybrid-mesh-network, workspace, and external risk management solutions

* AI STRATEGY - Acquisition of Lakera strengthens AI-first strategy, enhancing AI-powered security platform

* TAX SETTLEMENT - EPS benefited from a tax settlement, adding approximately $1.47 to both GAAP and Non-GAAP EPS

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $678 mln $673.14

Revenue mln (32

Analysts

)

Q3 Beat $3.94 $2.45

Adjusted (33

EPS Analysts

)

Q3 EPS $3.28

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 23 "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for Check Point Software Technologies Ltd ( CHKP ) is $215.00, about 10.8% above its October 27 closing price of $191.72

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)