Wednesday, February 1, 2017

Check Point Software Earnings Review

It was hard to know exactly what to expect going into network security company Check Point Software Technologies Ltd's fourth-quarter results. After all, competitors like Fortinet Inc and Palo Alto Networks Inc. had both served notice that sales cycles were lengthening, and that's usually a clear sign of a slowing marketplace. Given Check Point's status as the established leader -- with non-GAAP operating income margin of 55% to protect -- it would have been natural for investors to be a bit fearful. But when the report was released on Thursday, earnings came in ahead of expectations.
Let's take a look at what happened in the quarter and what it could mean for the rest of the sector.

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