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2021-08-06

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Should You Buy Check Point Software Stock After Q2 Earnings?<blockquote>第二季度财报公布后，您应该购买 Check Point Software 股票吗？</blockquote>

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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":893084064,"tweetId":"893084064","gmtCreate":1628221584358,"gmtModify":1633752456807,"author":{"id":3580799026700204,"idStr":"3580799026700204","authorId":3580799026700204,"authorIdStr":"3580799026700204","name":"37472a9a","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":13,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Maybe</body></html>","htmlText":"<html><head></head><body>Maybe</body></html>","text":"Maybe","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/893084064","repostId":1183241768,"repostType":4,"repost":{"id":"1183241768","kind":"news","pubTimestamp":1628221300,"share":"https://www.laohu8.com/m/news/1183241768?lang=zh_CN&edition=full","pubTime":"2021-08-06 11:41","market":"us","language":"en","title":"Should You Buy Check Point Software Stock After Q2 Earnings?<blockquote>第二季度财报公布后，您应该购买 Check Point Software 股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1183241768","media":"The Motley Fool","summary":"The cybersecurity specialist is showing signs of stepping on the gas.\nCheck Point may not be one of ","content":"The cybersecurity specialist is showing signs of stepping on the gas.<blockquote>这位网络安全专家显示出踩油门的迹象。</blockquote> <a href=\"https://laohu8.com/S/CHKP\">Check Point</a> may not be one of the most fashionable names in the cybersecurity industry, but the stock has been gradually gaining some momentum on the market since the beginning of March.<blockquote><a href=\"https://laohu8.com/S/CHKP\">检查点</a>可能不是网络安全行业最时髦的名字之一，但自3月初以来，该股在市场上逐渐获得了一些动力。</blockquote> Known for following a&nbsp;slow and steady approach&nbsp;in an industry where its rivals have been growing at a breakneck pace, Check Point's recent stock price rally isn't surprising as it has beensshowing signs&nbsp;of switching into a higher gear. The company's second-quarter results provide further indication that Check Point's rally could get stronger, as it seems to be pulling the right strings to step on the gas in the future.<blockquote>Check Point 以在竞争对手快速增长的行业中遵循缓慢而稳定的方法而闻名，其最近的股价上涨并不奇怪，因为它已经显示出转向更高档位的迹象。该公司第二季度的业绩进一步表明，Check Point 的涨势可能会变得更加强劲，因为它似乎正在为未来加大油门做准备。</blockquote> Let's look at the company's latest numbers and see why this might be a cybersecurity stock worth buying.<blockquote>让我们看看该公司的最新数据，看看为什么这可能是一只值得购买的网络安全股票。</blockquote> <img src=\"https://static.tigerbbs.com/6f50bab4ad25075dcdf7a2331de3e763\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\">CHKPDATA BY YCHARTS.<blockquote>YCHARTS 提供的 CHKP 数据。</blockquote> <h3>A closer look at Check Point's latest quarter</h3> Check Point's revenue increased 4% year over year in Q2 to $526 million, while non-GAAP&nbsp;earnings increased just 2% to $1.61 per share. Wall Street expected the company to deliver $1.56 per share in earnings on $523.8 million in revenue. Admittedly, Check Point's year-over-year growth was nothing to write home about.<blockquote><h3>仔细看看 Check Point 最新季度</h3>Check Point 第二季度收入同比增长 4%，达到 5.26 亿美元，而非 GAAP 收益仅增长 2%，达到每股 1.61 美元。华尔街预计该公司营收为 5.238 亿美元，每股收益为 1.56 美元。诚然，Check Point 的同比增长没什么可写的。</blockquote> the company's guidance didn't do much to turn heads either. Management expects&nbsp;third-quarter revenue between $515 million and $540 million. Adjusted earnings are expected to fall between $1.54 and $1.64 per share. Check Point had delivered $1.64 per share in earnings in the prior-year period on revenue of $509 million.<blockquote>该公司的指导意见也没有引起太多关注。管理层预计第三季度收入在 5.15 亿美元至 5.4 亿美元之间。调整后每股收益预计将下降至 1.54 美元至 1.64 美元之间。Check Point 去年同期每股收益为 1.64 美元，营收为 5.09 亿美元。</blockquote> So, while the company's revenue could grow in low single-digit percentages year over year, its earnings are on track to shrink.<blockquote>因此，尽管该公司的收入可能逐年以个位数的低百分比增长，但其盈利却有望萎缩。</blockquote> <img src=\"https://static.tigerbbs.com/879886214160560562b6d65638a1272c\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> However, investors shouldn't read too much into the shrinking bottom-line performance. That's because Check Point has been conservative over the years when spending money. The cybersecurity specialist's spending on research and development (R&amp;D) and marketing has&nbsp;lagged behind its rivals. While that has made Check Point a profitable cybersecurity company, its slow pace of revenue growth shows that it is missing out on the terrific growth that the industry offers.<blockquote>然而，投资者不应过多地解读不断萎缩的利润表现。这是因为Check Point多年来在花钱方面一直很保守。这家网络安全专家在研发（R&amp;D）和营销方面的支出落后于竞争对手。虽然这使得Check Point成为一家盈利的网络安全公司，但其缓慢的收入增长速度表明，它错过了该行业提供的巨大增长。</blockquote> The good news is that Check Point has been breaking away from that trend of late.<blockquote>好消息是，Check Point 最近已经摆脱了这种趋势。</blockquote> <img src=\"https://static.tigerbbs.com/2b0a11a057f17c881e7d398968b70cae\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\">CHKP RESEARCH AND DEVELOPMENT EXPENSE (% OF QUARTERLY REVENUES)DATA BY YCHARTS.<blockquote>CHKP 研发费用（占季度收入的百分比）数据来自 YCHARTS。</blockquote> Check Point spent&nbsp;41.1% of its revenue on R&amp;D and marketing last quarter, up from 40.1% in the year-ago period. While that's not a huge increase, it is worth noting that Check Point's new strategy of spending more money in the cutthroat cybersecurity market is reaping results and paving the way for long-term growth.<blockquote>Check Point 上季度将 41.1% 的收入用于研发和营销，高于去年同期的 40.1%。虽然这不是一个巨大的增长，但值得注意的是，Check Point在残酷的网络安全市场投入更多资金的新战略正在收获成效，并为长期增长铺平了道路。</blockquote> <h3>Gearing up for long-term growth</h3> Check Point's&nbsp;deferred revenueincreased 10% year over year in Q2 to $1.47 billion, substantially outpacing the actual revenue growth. That's a nice bump over the year-ago period's deferred revenue increase of just&nbsp;4%.<blockquote><h3>为长期增长做好准备</h3>Check Point 第二季度递延收入同比增长 10%，达到 14.7 亿美元，大大超过实际收入增长。与去年同期仅 4% 的递延收入增幅相比，这是一个不错的增长。</blockquote> The acceleration in the company's deferred revenue growth is good news for investors, as the metric refers to the money collected in advance in lieu of services that will be rendered at a later date. The deferred revenue is recognized on the income statement once the services are actually delivered, indicating that Check Point's subscription business is gathering momentum.<blockquote>该公司递延收入增长的加速对投资者来说是个好消息，因为该指标指的是提前收取的资金，以代替稍后提供的服务。一旦服务实际交付，递延收入就会在损益表上确认，这表明 Check Point 的订阅业务正在蓄势待发。</blockquote> Check Point's revenue from security subscription sales jumped 12% year over year to $183.7 million, accounting for nearly 35% of the top line. The segment had produced 32.4% of Check Point's total revenue in the prior year period. The software updates and maintenance business also recorded a 2% year-over-year increase.<blockquote>Check Point 的安全订阅销售收入同比增长 12%，达到 1.837 亿美元，占营收的近 35%。去年同期，该部门占 Check Point 总收入的 32.4%。软件更新及维护业务亦录得2%的同比增长。</blockquote> However, the legacy products and licenses business that accounts for 22.6% of the company's revenue was a laggard. The segment's revenue fell nearly 3% year over year, a trend that's likely to continue as Check Point focuses more on the subscription side of the business where it is witnessing impressive traction.<blockquote>然而，占公司收入22.6%的传统产品和授权业务却表现落后。该部门的收入同比下降近 3%，随着 Check Point 更加关注业务的订阅方面，这一趋势可能会持续下去，因为该部门正在见证令人印象深刻的吸引力。</blockquote> CloudGuard and Harmony -- Check Point's offerings for the cloud security and secure access markets -- now account&nbsp;for 20% of its security subscription revenue. What's more, the revenue from these two product lines has doubled in the past two years. The revenue from Check Point's Infinity architecture, which combines CloudGuard, Harmony, and the Quantum network security solution, has tripled&nbsp;since the beginning of last year.<blockquote>CloudGuard和Harmony——Check Point面向云安全和安全访问市场的产品——现在占其安全订阅收入的20%。更重要的是，这两条产品线的收入在过去两年里翻了一番。Check Point的Infinity架构结合了CloudGuard、Harmony和量子网络安全解决方案，自去年年初以来，其收入增加了两倍。</blockquote> All of this indicates that Check Point is steadily working toward a high-growth revenue model that could help the stock deliver upside in the long run. That's why investors looking to add a long-term&nbsp;cybersecurity play&nbsp;to their portfolios should take a closer look at Check Point. It is trading at 20.7 times trailing earnings, which is a discount to the stock's five-year average multiple of 21.7.<blockquote>所有这些都表明，Check Point 正在稳步迈向高增长收入模式，这可能有助于该股从长远来看实现上涨空间。这就是为什么希望在投资组合中增加长期网络安全投资的投资者应该仔细研究 Check Point。该股的市盈率为历史市盈率的 20.7 倍，低于该股五年平均市盈率 21.7 倍。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Buy Check Point Software Stock After Q2 Earnings?<blockquote>第二季度财报公布后，您应该购买 Check Point Software 股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Buy Check Point Software Stock After Q2 Earnings?<blockquote>第二季度财报公布后，您应该购买 Check Point Software 股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nThe Motley Fool2021-08-06 11:41\n\n</h4>\n</header>\n<article>\nThe cybersecurity specialist is showing signs of stepping on the gas.<blockquote>这位网络安全专家显示出踩油门的迹象。</blockquote> <a href=\"https://laohu8.com/S/CHKP\">Check Point</a> may not be one of the most fashionable names in the cybersecurity industry, but the stock has been gradually gaining some momentum on the market since the beginning of March.<blockquote><a href=\"https://laohu8.com/S/CHKP\">检查点</a>可能不是网络安全行业最时髦的名字之一，但自3月初以来，该股在市场上逐渐获得了一些动力。</blockquote> Known for following a&nbsp;slow and steady approach&nbsp;in an industry where its rivals have been growing at a breakneck pace, Check Point's recent stock price rally isn't surprising as it has beensshowing signs&nbsp;of switching into a higher gear. The company's second-quarter results provide further indication that Check Point's rally could get stronger, as it seems to be pulling the right strings to step on the gas in the future.<blockquote>Check Point 以在竞争对手快速增长的行业中遵循缓慢而稳定的方法而闻名，其最近的股价上涨并不奇怪，因为它已经显示出转向更高档位的迹象。该公司第二季度的业绩进一步表明，Check Point 的涨势可能会变得更加强劲，因为它似乎正在为未来加大油门做准备。</blockquote> Let's look at the company's latest numbers and see why this might be a cybersecurity stock worth buying.<blockquote>让我们看看该公司的最新数据，看看为什么这可能是一只值得购买的网络安全股票。</blockquote> <img src=\"https://static.tigerbbs.com/6f50bab4ad25075dcdf7a2331de3e763\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\">CHKPDATA BY YCHARTS.<blockquote>YCHARTS 提供的 CHKP 数据。</blockquote> <h3>A closer look at Check Point's latest quarter</h3> Check Point's revenue increased 4% year over year in Q2 to $526 million, while non-GAAP&nbsp;earnings increased just 2% to $1.61 per share. Wall Street expected the company to deliver $1.56 per share in earnings on $523.8 million in revenue. Admittedly, Check Point's year-over-year growth was nothing to write home about.<blockquote><h3>仔细看看 Check Point 最新季度</h3>Check Point 第二季度收入同比增长 4%，达到 5.26 亿美元，而非 GAAP 收益仅增长 2%，达到每股 1.61 美元。华尔街预计该公司营收为 5.238 亿美元，每股收益为 1.56 美元。诚然，Check Point 的同比增长没什么可写的。</blockquote> the company's guidance didn't do much to turn heads either. Management expects&nbsp;third-quarter revenue between $515 million and $540 million. Adjusted earnings are expected to fall between $1.54 and $1.64 per share. Check Point had delivered $1.64 per share in earnings in the prior-year period on revenue of $509 million.<blockquote>该公司的指导意见也没有引起太多关注。管理层预计第三季度收入在 5.15 亿美元至 5.4 亿美元之间。调整后每股收益预计将下降至 1.54 美元至 1.64 美元之间。Check Point 去年同期每股收益为 1.64 美元，营收为 5.09 亿美元。</blockquote> So, while the company's revenue could grow in low single-digit percentages year over year, its earnings are on track to shrink.<blockquote>因此，尽管该公司的收入可能逐年以个位数的低百分比增长，但其盈利却有望萎缩。</blockquote> <img src=\"https://static.tigerbbs.com/879886214160560562b6d65638a1272c\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> However, investors shouldn't read too much into the shrinking bottom-line performance. That's because Check Point has been conservative over the years when spending money. The cybersecurity specialist's spending on research and development (R&amp;D) and marketing has&nbsp;lagged behind its rivals. While that has made Check Point a profitable cybersecurity company, its slow pace of revenue growth shows that it is missing out on the terrific growth that the industry offers.<blockquote>然而，投资者不应过多地解读不断萎缩的利润表现。这是因为Check Point多年来在花钱方面一直很保守。这家网络安全专家在研发（R&amp;D）和营销方面的支出落后于竞争对手。虽然这使得Check Point成为一家盈利的网络安全公司，但其缓慢的收入增长速度表明，它错过了该行业提供的巨大增长。</blockquote> The good news is that Check Point has been breaking away from that trend of late.<blockquote>好消息是，Check Point 最近已经摆脱了这种趋势。</blockquote> <img src=\"https://static.tigerbbs.com/2b0a11a057f17c881e7d398968b70cae\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\">CHKP RESEARCH AND DEVELOPMENT EXPENSE (% OF QUARTERLY REVENUES)DATA BY YCHARTS.<blockquote>CHKP 研发费用（占季度收入的百分比）数据来自 YCHARTS。</blockquote> Check Point spent&nbsp;41.1% of its revenue on R&amp;D and marketing last quarter, up from 40.1% in the year-ago period. While that's not a huge increase, it is worth noting that Check Point's new strategy of spending more money in the cutthroat cybersecurity market is reaping results and paving the way for long-term growth.<blockquote>Check Point 上季度将 41.1% 的收入用于研发和营销，高于去年同期的 40.1%。虽然这不是一个巨大的增长，但值得注意的是，Check Point在残酷的网络安全市场投入更多资金的新战略正在收获成效，并为长期增长铺平了道路。</blockquote> <h3>Gearing up for long-term growth</h3> Check Point's&nbsp;deferred revenueincreased 10% year over year in Q2 to $1.47 billion, substantially outpacing the actual revenue growth. That's a nice bump over the year-ago period's deferred revenue increase of just&nbsp;4%.<blockquote><h3>为长期增长做好准备</h3>Check Point 第二季度递延收入同比增长 10%，达到 14.7 亿美元，大大超过实际收入增长。与去年同期仅 4% 的递延收入增幅相比，这是一个不错的增长。</blockquote> The acceleration in the company's deferred revenue growth is good news for investors, as the metric refers to the money collected in advance in lieu of services that will be rendered at a later date. The deferred revenue is recognized on the income statement once the services are actually delivered, indicating that Check Point's subscription business is gathering momentum.<blockquote>该公司递延收入增长的加速对投资者来说是个好消息，因为该指标指的是提前收取的资金，以代替稍后提供的服务。一旦服务实际交付，递延收入就会在损益表上确认，这表明 Check Point 的订阅业务正在蓄势待发。</blockquote> Check Point's revenue from security subscription sales jumped 12% year over year to $183.7 million, accounting for nearly 35% of the top line. The segment had produced 32.4% of Check Point's total revenue in the prior year period. The software updates and maintenance business also recorded a 2% year-over-year increase.<blockquote>Check Point 的安全订阅销售收入同比增长 12%，达到 1.837 亿美元，占营收的近 35%。去年同期，该部门占 Check Point 总收入的 32.4%。软件更新及维护业务亦录得2%的同比增长。</blockquote> However, the legacy products and licenses business that accounts for 22.6% of the company's revenue was a laggard. The segment's revenue fell nearly 3% year over year, a trend that's likely to continue as Check Point focuses more on the subscription side of the business where it is witnessing impressive traction.<blockquote>然而，占公司收入22.6%的传统产品和授权业务却表现落后。该部门的收入同比下降近 3%，随着 Check Point 更加关注业务的订阅方面，这一趋势可能会持续下去，因为该部门正在见证令人印象深刻的吸引力。</blockquote> CloudGuard and Harmony -- Check Point's offerings for the cloud security and secure access markets -- now account&nbsp;for 20% of its security subscription revenue. What's more, the revenue from these two product lines has doubled in the past two years. The revenue from Check Point's Infinity architecture, which combines CloudGuard, Harmony, and the Quantum network security solution, has tripled&nbsp;since the beginning of last year.<blockquote>CloudGuard和Harmony——Check Point面向云安全和安全访问市场的产品——现在占其安全订阅收入的20%。更重要的是，这两条产品线的收入在过去两年里翻了一番。Check Point的Infinity架构结合了CloudGuard、Harmony和量子网络安全解决方案，自去年年初以来，其收入增加了两倍。</blockquote> All of this indicates that Check Point is steadily working toward a high-growth revenue model that could help the stock deliver upside in the long run. That's why investors looking to add a long-term&nbsp;cybersecurity play&nbsp;to their portfolios should take a closer look at Check Point. It is trading at 20.7 times trailing earnings, which is a discount to the stock's five-year average multiple of 21.7.<blockquote>所有这些都表明，Check Point 正在稳步迈向高增长收入模式，这可能有助于该股从长远来看实现上涨空间。这就是为什么希望在投资组合中增加长期网络安全投资的投资者应该仔细研究 Check Point。该股的市盈率为历史市盈率的 20.7 倍，低于该股五年平均市盈率 21.7 倍。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/08/05/should-you-buy-check-point-software-q2-earnings/\">The Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHKP":"Check Point软件科技"},"source_url":"https://www.fool.com/investing/2021/08/05/should-you-buy-check-point-software-q2-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183241768","content_text":"The cybersecurity specialist is showing signs of stepping on the gas.\nCheck Point may not be one of the most fashionable names in the cybersecurity industry, but the stock has been gradually gaining some momentum on the market since the beginning of March.\nKnown for following a slow and steady approach in an industry where its rivals have been growing at a breakneck pace, Check Point's recent stock price rally isn't surprising as it has beensshowing signs of switching into a higher gear. The company's second-quarter results provide further indication that Check Point's rally could get stronger, as it seems to be pulling the right strings to step on the gas in the future.\nLet's look at the company's latest numbers and see why this might be a cybersecurity stock worth buying.\nCHKPDATA BY YCHARTS.\nA closer look at Check Point's latest quarter\nCheck Point's revenue increased 4% year over year in Q2 to $526 million, while non-GAAP earnings increased just 2% to $1.61 per share. Wall Street expected the company to deliver $1.56 per share in earnings on $523.8 million in revenue. Admittedly, Check Point's year-over-year growth was nothing to write home about.\nthe company's guidance didn't do much to turn heads either. Management expects third-quarter revenue between $515 million and $540 million. Adjusted earnings are expected to fall between $1.54 and $1.64 per share. Check Point had delivered $1.64 per share in earnings in the prior-year period on revenue of $509 million.\nSo, while the company's revenue could grow in low single-digit percentages year over year, its earnings are on track to shrink.\nIMAGE SOURCE: GETTY IMAGES.\nHowever, investors shouldn't read too much into the shrinking bottom-line performance. That's because Check Point has been conservative over the years when spending money. The cybersecurity specialist's spending on research and development (R&D) and marketing has lagged behind its rivals. While that has made Check Point a profitable cybersecurity company, its slow pace of revenue growth shows that it is missing out on the terrific growth that the industry offers.\nThe good news is that Check Point has been breaking away from that trend of late.\nCHKP RESEARCH AND DEVELOPMENT EXPENSE (% OF QUARTERLY REVENUES)DATA BY YCHARTS.\nCheck Point spent 41.1% of its revenue on R&D and marketing last quarter, up from 40.1% in the year-ago period. While that's not a huge increase, it is worth noting that Check Point's new strategy of spending more money in the cutthroat cybersecurity market is reaping results and paving the way for long-term growth.\nGearing up for long-term growth\nCheck Point's deferred revenueincreased 10% year over year in Q2 to $1.47 billion, substantially outpacing the actual revenue growth. That's a nice bump over the year-ago period's deferred revenue increase of just 4%.\nThe acceleration in the company's deferred revenue growth is good news for investors, as the metric refers to the money collected in advance in lieu of services that will be rendered at a later date. The deferred revenue is recognized on the income statement once the services are actually delivered, indicating that Check Point's subscription business is gathering momentum.\nCheck Point's revenue from security subscription sales jumped 12% year over year to $183.7 million, accounting for nearly 35% of the top line. The segment had produced 32.4% of Check Point's total revenue in the prior year period. The software updates and maintenance business also recorded a 2% year-over-year increase.\nHowever, the legacy products and licenses business that accounts for 22.6% of the company's revenue was a laggard. The segment's revenue fell nearly 3% year over year, a trend that's likely to continue as Check Point focuses more on the subscription side of the business where it is witnessing impressive traction.\nCloudGuard and Harmony -- Check Point's offerings for the cloud security and secure access markets -- now account for 20% of its security subscription revenue. What's more, the revenue from these two product lines has doubled in the past two years. The revenue from Check Point's Infinity architecture, which combines CloudGuard, Harmony, and the Quantum network security solution, has tripled since the beginning of last year.\nAll of this indicates that Check Point is steadily working toward a high-growth revenue model that could help the stock deliver upside in the long run. That's why investors looking to add a long-term cybersecurity play to their portfolios should take a closer look at Check Point. It is trading at 20.7 times trailing earnings, which is a discount to the stock's five-year average multiple of 21.7.","news_type":1,"symbols_score_info":{"CHKP":0.9}},"isVote":1,"tweetType":1,"viewCount":571,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/893084064"}