Check Point Software Technologies Ltd. (CHKP) Gil Shwed on Q3 2020 Results - Earnings Call Transcript

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Q3: 2020-10-22 Earnings Summary

EPS of $1.64 beats by $0.11
 | Revenue of $509.00M (3.69% Y/Y) beats by $4.53M

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q3 2020 Earnings Conference Call October 22, 2020 8:30 AM ET

Company Participants

Kip Meintzer - Global Head of Investor Relations
Gil Shwed - Chief Executive Officer
Tal Payne - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Jonathan Ho - William Blair & Company
Saket Kalia - Barclays
Philip Winslow - Wells Fargo Securities, LLC
Gray Powell - BTIG
Sterling Auty - JPMorgan
Joel Fishbein - Truist Securities
Walter Pritchard - Citi
Ben Bollin - Cleveland Research Company
Brad Zelnick - Credit Suisse
Rob Owens - Piper Sandler
Fatima Boolani - UBS Equities
Shaul Eyal - Oppenheimer & Co., Inc
Brian Essex - Goldman Sachs
Gregg Moskowitz - Mizuho
Keith Bachman - BMO
Adam Tindle - Raymond James

Kip Meintzer

Greetings. Allow me to introduce myself. My name is Kip Meintzer, Global Head of Investor Relations for Check Point Software. I'd like to welcome you to our Third Quarter 2020 Financial Results Video Conference Call. [Operator Instructions]

Joining me remotely today on the call are Gil Shwed, Founder and CEO along with our CFO and COO, Tal Payne. As a reminder, this video conference is live on our website and is recorded for replay. Before we begin with management's presentation, I'd like to highlight the following. During the course of this presentation, Check Point representatives may make certain forward-looking statements. These forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and section 21E of the Securities Exchange Act of 1934 include, but are not limited to statements related to Check Point's expectations regarding business, financial performance and customers. The introduction of new products programs and the success of those products and programs; the environment for security threats and trends in the market. Our strategy focus areas in demand for our solutions, the impact of COVID-19 on our business, including on our product development

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