{"id":1318,"date":"2019-10-28T21:18:14","date_gmt":"2019-10-28T21:18:14","guid":{"rendered":"https:\/\/digitone.news\/?p=1318"},"modified":"2019-10-28T21:18:15","modified_gmt":"2019-10-28T21:18:15","slug":"checkpoint-announces-q3-results","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2019\/10\/28\/checkpoint-announces-q3-results\/","title":{"rendered":"Checkpoint Announces Q3 Results"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-1024x768.png\" alt=\"checkpoint\" class=\"wp-image-1319\" srcset=\"https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-1024x768.png 1024w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-300x225.png 300w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-768x576.png 768w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-80x60.png 80w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-265x198.png 265w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-696x522.png 696w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-1068x801.png 1068w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2-560x420.png 560w, https:\/\/digitone.news\/wp-content\/uploads\/2019\/10\/image-2.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Checkpoint, Israel\u2019s largest cybersecurity company, announced third quarter results today.\u00a0 Company sales continue slow, but steady growth, up 4 percent year-over-year. However, profits slipped slightly on year-to-year basis.<\/p>\n\n\n\n<p>Total Revenue: $491 million compared to $471 million in the third quarter of 2018, a 4 percent increase year over year.&nbsp;<\/p>\n\n\n\n<p>GAAP Operating Income: $214 million compared to $226 million in the third quarter of 2018, representing 44 percent and 48 percent of revenues in the third quarter of 2019 and 2018, respectively.<\/p>\n\n\n\n<p>Non-GAAP Operating Income: $246 million compared to $250 million in the third quarter of 2018, representing 50 percent and 53 percent of revenues in the third quarter of 2019 and 2018, respectively.<\/p>\n\n\n\n<p>GAAP Taxes on Income: $47 million compared to $45 million in the third quarter of 2018.<\/p>\n\n\n\n<p>GAAP Net Income &amp; Earnings per Diluted Share: GAAP net income was $188 million compared to $198 million in the third quarter of 2018. GAAP earnings per diluted share were $1.25, same as third quarter of 2018.<\/p>\n\n\n\n<p>Non-GAAP Net Income &amp; Earnings per Diluted Share: Non-GAAP net income was $217 million compared to $219 million in the third quarter of 2018. Non-GAAP earnings per diluted share were $1.44 compared to $1.38 in the third quarter of 2018, a 4 percent increase year over year.<\/p>\n\n\n\n<p>Deferred Revenues: As of September 30, 2019, deferred revenues were $1,242 million, compared to $1,148 million, as of September 30, 2018, an 8 percent increase year over year.<\/p>\n\n\n\n<p>Cash Balances, Marketable Securities &amp; Short Term Deposits: $4,055 million as of September 30, 2019, compared to $4,072 million, as of September 30, 2018.<\/p>\n\n\n\n<p>Cash Flow: Cash flow from operations of $244 million compared to $249 million in the third quarter of 2018.<\/p>\n\n\n\n<p>Share Repurchase Program: During the third quarter of 2019, the company repurchased approximately 2.9 million shares at a total cost of approximately $323 million.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Checkpoint, Israel\u2019s largest cybersecurity company, announced third quarter results today.\u00a0 Company sales continue slow, but steady growth, up 4 percent year-over-year. However, profits slipped slightly on year-to-year basis. Total Revenue: $491 million compared to $471 million in the third quarter of 2018, a 4 percent increase year over year.&nbsp; GAAP Operating Income: $214 million compared [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,44],"tags":[],"class_list":{"0":"post-1318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cyber","8":"category-financials"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1318"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1318\/revisions"}],"predecessor-version":[{"id":1320,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1318\/revisions\/1320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1319"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}