Beats Analyst Expectations with Strong Q4 Results: fourth-quarter revenue of $704 million

Cybersecurity company Check Point has closed out 2024 with strong results, surpassing analyst expectations for both revenue and earnings. Under the leadership of CEO Nadav Tzafrir, Check Point reported fourth-quarter revenue of $704 million, a 6.5% increase year-over-year, and non-GAAP net income of $2.70 per share—outperforming the consensus estimates of $699 million in revenue and $2.65 per share in earnings.

Check Point's revenue growth was driven by solid performance across all operational segments. The company reported a 3.3% increase in net income according to GAAP standards, reaching $258 million in Q4. On a non-GAAP basis, net income rose 1.6%, totaling $303 million. The company also saw an increase in net income per share of 5.1% to $2.70, benefiting from the ongoing buyback of its own shares.

2025 Outlook Shows Continued Growth

Looking ahead to the first quarter of 2025, Check Point has forecasted revenue between $619 million and $649 million, reflecting a growth range of 3% to 8%. The company also projected non-GAAP net income of $2.13 to $2.23 per share for the quarter. While the midpoint of the revenue forecast is slightly above analyst expectations, the profit forecast is a bit lower than anticipated.

For the full year 2025, Check Point expects revenue to grow by 4% to 8%, with projections of $2.66 billion to $2.76 billion. The company also anticipates non-GAAP net income of $9.60 to $10.20 per share, surpassing analysts' expectations for both revenue and earnings.

2024 Growth and Subscriber Milestones

For the full year 2024, Check Point achieved $2.57 billion in revenue, marking a 6.2% increase over 2023. This acceleration in growth, up from 4% the previous year, was driven by a significant increase in revenue from security subscribers. The company's security subscriber revenue exceeded the $1 billion mark for the first time, growing by 12.5% to reach $1.1 billion annually.

Leadership Changes and Strong Results

While the majority of Check Point's 2024 results were managed by Gil Shwed, who now serves as the company's executive chairman, the company has successfully navigated a year of strong growth and strategic investments.