Cybersecurity firm Check Point Software first-quarter profit beats estimates, cuts 2026 revenue outlook

By Steven Scheer

TEL AVIV, April 30 (Reuters) - Check Point Software Technologies reported a higher than expected 13% emergence successful quarterly profit, boosted by ‌double-digit gross maturation successful subscriptions that support and forestall firm networks ‌from cyber threats.

The Israel-based company, however, trimmed its 2026 gross estimation connected little income from firewall appliances.

"We ​see a short-term interaction connected our concern that volition negatively impact our 2026 gross projections," main enforcement Nadav Zafrir told an analysts' call, portion describing the interaction arsenic transitory.

"Our plans to further put successful our firewall concern marque america optimistic astir ‌the aboriginal maturation trajectory," helium ⁠said.

Check Point reported first-quarter diluted net per stock of $2.50, excluding one-time items, up from $2.21 a twelvemonth earlier and up of the $2.40 ⁠analysts' forecast for adjusted EPS, according to LSEG.Revenue grew 5% to $668 million, successful enactment with analysts' forecasts, with information work gross up 11% to $323 million.

Check Point's Nasdaq-listed shares ​fell 14% ​in aboriginal trading to $120. As of Wednesday's ​close, they were down 25% ‌so acold successful 2026.

Zafrir earlier told a quality league that maturation was being driven by emerging technologies specified arsenic email and cloud-based information extortion products. He said the request to support against attacks from artificial quality sources was rapidly becoming different maturation driver, with planetary tensions besides fuelling request from the authorities and defence ‌sectors.

Zafrir said Check Point was perpetually seeking ​out imaginable acquisitions that would beryllium strategical and ​act arsenic "a crippled changer."

"We are talking ​to everyone each the time, trying to spot what tin ‌fit into each 1 of our ​pillars."

For the 2nd quarter, ​Check Point projected gross of $660 cardinal to $690 cardinal and adjusted EPS of $2.40 to $2.50, compared with marketplace forcasts of $706 cardinal and $2.54, respectively.

For the afloat year, ​it present expects gross ‌of $2.77 cardinal to $2.85 billion, revised down from a anterior $2.83 billion-$2.95 cardinal range. ​It near yearly EPS extremity unchanged astatine $10.05 to $10.85.

(Reporting by Steven Scheer, ​Editing by Louise Heavens and Tomasz Janowski)