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Mixed results disappoint Check Point’s investors
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Front - Globes
Israeli cybersecurity company Check Point Software Technologies Ltd. (Nasdaq: CHKP) has reported its second quarter financial results with revenue slightly below the analysts’ expectations and profit higher than predicted.
These mixed results have disappointed investors, with the company’s share price down 6.87% in premarket trading on Wall Street.
The company reported revenue of $674 million in the second quarter, 1.3% up on the corresponding quarter.
According to Zafrir, cyber threats to the elections can disrupt the operation, influence operations, and affect the integrity of the results.
Check Point is traded on the Nasdaq with a market cap of $14.3 billion, after the company’s share price has fallen by almost 25% since the beginning of the year.