By Steven Scheer TEL AVIV, April 30 (Reuters) - Check Point Software Technologies reported a higher than expected 13% rise in quarterly profit, boosted by double-digit revenue growth in subscriptions that protect and prevent corporate networks from cyber threats.

There were also bright spots in Check Point’s sales numbers. The company generated $323 million in revenue from security software subscriptions, 11% more than a year earlier. Much of the growth was driven by Check Point’s inbox protection and CTEM products, which delivered a 96% increase in annualized revenue and 45% billings growth, respectively.

Shares of Check Point Software Technologies (CHKP) fell about 10% premarket on Thursday after mixed first quarter results. Q1 Metrics Revenue for the first quarter, ended March 31, rose about 5% year-over-year to $668M,

Check Point Software Technologies Ltd. (NASDAQ: CHKP) is among the 11 Undervalued Quantum Computing Stocks to Invest In.

Check Point Software Technologies was recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Email Security Platforms, highlighting its strong positioning in the cybersecurity market. The company reported a 75% increase in global cyber-attacks ...

Check Point Software Technologies is a high-quality cybersecurity company based in Israel with minimal debt and lots of cash. The company has been rated as the number one and two most trustworthy provider of cybersecurity and software with an enviable ...