Check Point Software raises 2021 estimates after Q3 beat

JERUSALEM: Check Point Software Technologies beat estimates with a slight gain in third-quarter net profit and raised its 2021 estimates amid rapid growth in its consolidated cyber security platform and cloud protection products.

Israel-based Check Point on Thursday said it earned $1.65 per diluted share excluding one-off items in the three-months ending Sept. 30, up from $1.64 a year earlier. Revenue grew 5% to $534 million.

It was forecast to earn $1.60 a share on revenue of $530 million, according to I/B/E/S data from Refinitiv.