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In spite of posting a mixed Q2 report, Check Point (CHKP +6.9%) closed with big gains. A new $1B...
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Wednesday, July 18, 2012, 4:03 PM ETIn spite of posting a mixed Q2 report, Check Point (CHKP +6.9%) closed with big gains. A new $1B stock buyback (good for buying 10% of outstanding shares) helped, as did in-line Q3 guidance (revenue of $316M-$345M and EPS of $0.74-$0.81 vs. consensus of $339.9M and $0.79) that soothed concerns about heavy Euro dependence (39% of sales). Security hardware peers also rallied on a very good day for enterprise tech. FTNT +10.4%. FIRE +6.4%. JNPR +6.7%.
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