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    Checkpoint-Software wie schlecht sind die Zahlen? - 500 Beiträge pro Seite

    eröffnet am 15.01.02 17:35:52 von
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      Avatar
      schrieb am 15.01.02 17:35:52
      Beitrag Nr. 1 ()
      Nachdem CHKP Zahlen lieferte, die 1 Cent besser waren als
      die Analysten dachten, kam der Kurs stark zurück, denn das
      1. Quartal 2002 sollte schwächer werden. Sollte man die
      Aktie im Moment verkaufen und auf ermässigtem Niveau wieder
      einsteigen oder günstig wieder nachkaufen?
      Avatar
      schrieb am 15.01.02 17:55:43
      Beitrag Nr. 2 ()
      Das ist der ideale Einstiegszeitpunkt. Nach dem Kursanstieg der letzten Monate lag diese Konsolidierung in der Luft.

      Ein Problem gibt es erst, wenn Konkurrenz aufkommt und die Gewinnmargen nicht mehr gehalten werden können. Dies gilt es zu beobachten. Bis dahin: strong buy!
      Avatar
      schrieb am 15.01.02 18:37:51
      Beitrag Nr. 3 ()
      Tuesday January 15, 12:29 pm Eastern Time

      Check Point Software sees first quarter flat or down
      (UPDATE: Adds byline, analyst quotes, updates and adds detail to stock price)

      By Ilaina Jonas

      NEW YORK, Jan 15 (Reuters) - Israeli Internet security company Check Point Software Technologies Ltd.(NasdaqNM:CHKP - news) on Tuesday said profits fell in the fourth quarter, as expected, and warned they would not improve in the first quarter.

      Check Point shares tumbled 10 percent, or $4.47, to $39.95, making it the second-leading net loser on the Nasdaq Stock Market, where its shares were among the most actively traded.

      Check Point`s net profit fell to $77 million, or 30 cents per diluted share in the fourth quarter from $81 million, or 31 cents per share, a year earlier. Revenues slipped to $122.5 million from $140.4 million a year ago, although sales rose 4 percent from the previous quarter.

      Analysts on average had expected the company to earn 29 cents per share for the quarter, with an average revenue estimate of $122.26 million, according to Thomson Financial/First Call.

      ``I think it`s a let down that they didn`t actually provide guidance for sequential increase in revenue in the March quarter,`` Davenport & Co. analyst Drake Johnstone said. ``I just think it`s probably not unexpected that the shares would probably pull back some just because they`ve gone so far from their low.``

      Before Tuesday`s dive, Check Point shares had doubled from their low of $19.56 in September, outperforming the S&P Software Index (^GSPCMSF - news). But the drop on Tuesday now has Checkpoing underperforming the index by 2 percent.

      Check Point, based in Tel Aviv and Redwood City, California, is the market leader for firewall and virtual private network software that protects corporate networks from intruders.

      Chairman and Chief Executive Gil Shwed said results for the year would be hard to predict because the global economy is sluggish, and yet network security has been a high priority for customers.

      ``Both of these translate to a limited visibility in our business,`` Shwed said during a conference call with analysts. ``We would like to be cautious on our Q1 guidance.``

      Shwed said he expects first-quarter revenue and earnings to be flat or slightly down from the quarter just ended, reflecting a tendency for fourth-quarter results to be fueled by use-it-or-lose-it budgetary considerations by customers.

      The company expects first-quarter earnings to meet analysts` average expectation of 29 cents a share, as calculated by First Call.

      ``We do expect to see growth in Q2 and higher growth rates through economic recovering in the second half of the year,`` Shwed said.

      ``Given given the move of the market since early September, I think investors may have been optimistic about the company`s results for the March quarter,`` Johnstone said. ``I think you`re going to have quite a few companies that that their March quarter, may not be up from the current quarter may be flat sequentially.``

      Johnstone, who has rated the shares a ``buy,`` raised his 12-month price target for Check Point stock to $55, from $27 and set a 2002 earning estimate of $1.32 and $1.59 for 2003.

      In the fourth quarter, the company used about $4.5 million from deferred revenue -- business from previous quarters that had been recorded on the company`s balance sheet but not yet recognized as revenue in an earnings report -- to make its numbers.

      That contributed to the stock`s dive, Bear Stearns analyst Bob Lam said.

      ``The deferred revenue, which is an indication of the health of the balance sheet, was down,`` Lamm said. ``That was seen as a negative. The second thing is the guidance for Q1 and the rest of 2002 is still fairly cautious.``

      Check Point said it ended 2001 with $1.03 billion in cash and interest bearing investments, which the company said it would use as insurance reserved for the future. However, executives did not rule out using some for a future acquisitions.

      ``Right now the high-growth segment is the one we`re in,`` President Jerry Ungerman told Reuters. ``So there`s a lot of growth opportunities for us right there without us going out and doing a acquisition. So if something makes sense within what we`re focused on and what we`re doing we can and would do an acquisition possible purchase would.``

      For the year, Check Point posted net income of $322 million, or $1.25 per diluted share, up 49 percent from the previous year and meeting the high range of its previous outlook. Revenues for the year rose 24 percent to $528 million from $425 million.

      __________________________________________________________


      Check Point earnings beat estimate

      Firm expects first-quarter 2002 EPS, revenue in line
      By Carolyn Pritchard, CBS MarketWatch.com
      Last Update: 11:34 AM ET Jan. 15, 2002

      TEL AVIV (CBS.MW) -- Check Point Software reported fourth-quarter and full-year 2001 earnings Tuesday morning that beat estimates, but said it expected first quarter 2002 earnings and revenue to be "flat" or "slightly down."

      Check Point (CHKP: news, chart, profile) said it intends to meet analysts` current earnings expectations of 29 cents per share for the first quarter of 2002 .

      Shares of the company, which makes security software for the Internet, tumbled nearly 11 percent in early trading action to trade at $39.65.

      Check Point reported net income for the fourth quarter of $77 million, or 30 cents per share, on revenue of $122.5 million, compared with earnings of $81 million, or 31 cents per share, on revenue of $140.4 million the year before.

      Analysts surveyed by Thomson Financial/First Call had been expecting results of 29 cents per share on revenue of $122.3 million.

      For the year, Check Point had net income of $322 million, or $1.25 per share, on revenue of $527.6 million, compared with earnings of $221 million, or 84 cents per share, on revenue of $425.3 million the previous year.

      Analysts had been forecasting results of $1.23 per share on revenue of $528.3 million.

      The company attributed the better-than-expected results to the rising importance of security.

      "Internet security is very high on the list for purchasing these days," said CEO Gil Shwed.

      But IT spending is likely to be hampered by the pressures of the global economic downturn, he said. "We are seeing what everybody else is seeing."

      Looking ahead, the company said in a morning conference call that it remained cautious for results in the first quarter of 2002 and expected earnings and revenue to be "flat, maybe slightly down," reflecting that period`s seasonality.

      "However, we do intend to meet [analysts`] current earnings per share expectation of 29 cents," said Shwed during the call.

      Check Point said it hopes quarterly growth will pick up by the fourth quarter. Growth will be driven, said Shwed, by the deployment of large-scale virtual private networks, as people increasingly use public networks such as the Internet to connect and as a result, need to ensure that their communications are secure.

      Wachovia Securities downgraded Check Point`s stock to "buy" from "strong buy," according to Briefing.com.



      Bear Stearns made note of the sequential drop in Check Point`s deferred revenue from the first through the third quarters, saying "this is a number we watch closely."

      Carolyn Pritchard is a reporter for CBS.MarketWatch.com in San Francisco.
      Avatar
      schrieb am 15.01.02 18:52:17
      Beitrag Nr. 4 ()
      Check Point Software – Prognosen getoppt

      Der Anbieter von Sicherheits-Software Check Point Software [Nasdaq: CHKP ] hat am Dienstag vor Handelsbeginn die Geschäftszahlen für das vierte Quartal veröffentlicht und dabei die Prognosen der Analysten geringfügig übertroffen.

      Das israelische Unternehmen erzielte in den drei Monaten bis Ende Dezember einen Gewinn vor Sonderfaktoren von 77 Millionen Dollar oder 30 Cents pro Aktie. Im gleichen Zeitraum des Vorjahres hatte Check Point Software ein Plus von 81 Millionen Dollar bzw. 31 Cents je Anteilsschein ausgewiesen.

      Der Umsatz sank von 140,4 Millionen Dollar im Vorjahresquartal auf aktuell 122,5 Millionen Dollar.

      Analysten hatten nach Angaben des Finanzdienstes First Call/ Thomson Financial durchschnittlich mit einem Überschuss von 30 Cents je Aktie bei Einnahmen von 122,6 Millionen Dollar gerechnet.

      CEO: "Harte Bedingungen"

      Der Nettogewinn im gesamten Geschäftsjahr 2001 belief sich nach 221 Millionen Dollar oder 84 Cents pro Aktie aktuell auf 322 Millionen Dollar bzw. 1,25 Dollar je Anteilsschein. Der Jahresumsatz stieg von 425 auf 528 Millionen Dollar.

      "Trotz der ungewöhnlich harten gesamtwirtschaftlichen Bedingungen haben wir unseren Nettogewinn 2001 um 49 Prozent gesteigert, unsere Technologie verbessert und unsere Marktführerschaft ausgebaut", sagte Chief Executive Officer (CEO) Gil Shwed.

      So weit, so gut. Was Shwed dann ankündigte, missfiel Anlegern und Analysten: "Die Herausforderungen in der Weltwirtschaft halten an. Die Probleme sind noch nicht vom Tisch." Der CEO rechnet für das erste Quartal mit einem Ergebnis von 29 Cents je Aktie, womit Check Point die Expertenschätzungen punktgenau treffen würde.

      Enttäuschung beim Conference Call

      Auf dem Conference Call wollte sich der Unternehmenslenker nicht detaillierter zu den weiteren Aussichten in 2002 äußern. Shwed sagte lediglich, er erwarte eine steigende Nachfrage im zweiten Halbjahr. Die Analysten von Wachovia stuften den Titel nach der Konferenz von "Strong Buy" auf "Buy" ab. Ganz penible Zeitgenossen störten sich auch noch an einem 4,6prozentigen Rückgang der sogenannten deferred revenues. Dabei handelt es sich um Umsätze, die in einem Quartal erwirtschaftet, aber erst im kommenden verbucht werden.

      Der Einbruch der Aktie im frühen Handel - das Papier notiert um 11.00 Uhr Ortszeit bei 40 Dollar mit 9,9 Prozent im Minus - ist aber überwiegend auf die Enttäuschung der Anleger, das nicht mehr drin war, zurückzuführen. Die Check Point-Aktie hat seit September um mehr als 100 Prozent zugelegt. Weitere kurzfristige Kurssteigerungen hätten eines optimistischeren Ausblicks bedurft.



      Check Point Software 4.Q.2001 4.Q.2000
      Umsatz in Mio. US-$ 122,5 140,4
      Ergebnis in Mio. US-$* 77,0 81,0
      Ergebnis je Aktie in US-$* 0,30 0,31

      * vor Sonderfaktoren

      © 15.01.2002 www.stock-world.de [1]
      Avatar
      schrieb am 16.01.02 10:59:22
      Beitrag Nr. 5 ()
      8:44AM Check Point Sftwr (CHKP) 44.42: -- Update -- Bear Stearns` Ripple Effect notes that deferred revenue fell by 4.6% in Q4 after 10% declines in each of the two previous quarters; Bear says that this is a number it watches closely. The decline in deferred revenues could help to explain the stock`s sell-off to 42 after this morning`s earnings report.

      8:46AM Check Point Sftwr (CHKP) 44.42: -- Update -- Wachovia Securities downgrades to BUY from Strong Buy.

      8:51AM Check Point Sftwr (CHKP) 39.70: -- Update -- During earnings conference call, co said that Q1 should be slightly down but in-line with ests, and Q4 should "hopefully" mark a return to growth (analysts had predicted quarterly growth to resume in Q3). Stock is down about 10.6% in pre-open trading.

      12:06AM Check Point Sftwr (CHKP) 39.89 -4.53 (-10.2%): --Update-- Buckingham Research is the second firm to downgrade the stock today, lowering its rating to NEUTRAL from Accumulate. Firm believes that if not for the change in deferred revenue, co would have posted a flat sequential revenue growth, substantially below guidance and Wall Street expectations

      3:50PM Check Point Sftwr (CHKP) 38.75 -5.67 (-12.8%): -- Update -- Lehman downgrades to MKT PERFORM from Buy. Firm remains concerned about firewall saturation, continued service provider weakness, and the risk of pricing pressure and share loss due to increasing competition from appliance vendors in the VPN mkt. Believes stk has downside to the low $30s.

      Quelle: In Play by Briefing.com

      siscoinvestor


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      Checkpoint-Software wie schlecht sind die Zahlen?