Check Point Software Technologies on Wednesday reported second quarter earnings and revenue that edged by Wall Street estimates while billings came in light. Check Point stock fell on the news.
The cybersecurity firm reported earnings before the market open.
Check Point earnings in the June quarter rose 9% to $2.37 per share on an adjusted basis. Including acquisitions, revenue climbed 6% to $665 million.
Check Point Billings Light
Analysts expected Check Point earnings of $2.36 per share on sales of $662 million.
The cybersecurity firm said billings, a sales growth metric, rose 4% to $642 million, compared with consensus of $649 million.
"Product revenue grew 12%, ahead of expectations, while security subscriptions grew +10%, relatively in line with expectations," said RBC Capital analyst Matthew Hedberg in a report.
In the current September quarter, analysts forecast EPS of $2.44 on revenue of $672 million.
"Management has implicitly reaffirmed fiscal 2025 views," said Shaul Eyal, a TD Cowen analyst in a report. "The second half could yield an anticipated acceleration."
On the stock market today, Check Point stock fell 5.4% to 206.50 in early trading.
Heading into the Check Point earnings report, CHKP stock was up 18% in 2025. Shares are in a base with a 234.35 buy point, but below their 50-day line.
Cybersecurity Stocks: Firewall Market
Check Point competes in the firewall network security market versus Palo Alto Networks, Fortinet and others. Firewalls block online intrusions and monitor web-based apps. Fortinet reports earnings on Aug. 6.
Palo Alto, meanwhile, could be in talks to acquire CyberArk Software.
Check Point and many other cybersecurity firms are focused on a new growth market: Secure Access Service Edge. SASE offers a fast and cost-effective way of securing an organization's branch offices and remote workers.
CheckPoint Stock Technical Ratings
CHKP stock holds a Composite Rating of 80 out of a best-possible 99, according to IBD Stock Checkup. Some cybersecurity stocks, such as CrowdStrike Holdings, have outperformed the software sector in 2025.
The Computer Software-Security group ranks No. 51 out of 197 industry groups that IBD tracks.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
