Provides Update on Third Quarter Results
REDWOOD CITY, Calif., - Oct. 6, 2005 – Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced that it will hold two conference calls with investors and analysts to discuss business updates.
The company will report full third quarter financial results on October 28 before the U.S. financial markets open and will discuss the results in a conference call with the investment community. Third quarter results are expected to be within guidance. Total revenues for the third quarter are anticipated to be in the range of $140 million to $141.5 million. Earnings per share for the third quarter, excluding acquisition-related charges, is expected to be in the range of $0.31 to $0.32. The company's guidance provided on July 19 was for total revenues in the range of $140 million to $150 million and earnings per share, excluding acquisition-related charges, in the range of $0.30 to $0.33.
Check Point also announced today that it has signed a definitive agreement to acquire Sourcefire, Inc., the creator of Snort, and a leading provider of intrusion prevention and real-time network access solutions for a total consideration of approximately $225 million. Check Point believes the acquisition of Sourcefire is an important step in providing the most comprehensive internal security solutions portfolio and another milestone in achieving its vision of a unified security architecture. Please reference today's release titled "Check Point Software Technologies to Acquire Sourcefire" for more details.
Sourcefire Acquisition Conference Call and Webcast Information
Check Point will host a conference call to discuss the acquisition of Sourcefire with the investment community today, October 6, 2005 at 9:00 AM ET/6:00 AM PT. Please dial (973) 935-8512 and reference confirmation code 6579459 to access the live call or visit the company's website at www.checkpoint.com/ir for the live webcast.
Third Quarter of 2005 Financial Results Conference Call and Webcast Information Check Point management will host a conference call with the investment community at 8:30 AM ET/5:30 AM PT on October 28. A live webcast of the call will be hosted on the company's website at http://www.checkpoint.com/ir. Replays will be available via webcast or by calling (973) 341-3080, pass code #6558970.
Safe Harbor Statement
Certain statements in this press release are forward-looking statements. Forward-looking statements include statements regarding Check Point's preliminary results for the third quarter ended September 30, 2005 and Check Point's beliefs regarding the benefits of the proposed acquisition of Sourcefire. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results could differ materially from Check Point's current expectations. Factors that could cause or contribute to such differences include, but are not limited to: the risk that Check Point's actual results may be different from the preliminary results as a result of final determination of revenues, operating expenses and charges, and as a result of the quarterly review by the Company's independent public accountants; the parties' ability to consummate the transaction; the conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule; unanticipated expenses associated with the merger; the possibility that the parties may be unable to achieve all of the benefits of the merger within the expected time-frames or at all and to successfully integrate Sourcefire's operations and technology into those of Check Point; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees at Sourcefire; and the other factors described in Check Point's Report on Form 20-F for the year ended December 31, 2004 which is on file with the Securities and Exchange Commission. Check Point assumes no obligation to update the information in this communication, except as otherwise required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leader in securing the Internet. It is a market leader in the worldwide enterprise firewall, personal firewall and VPN markets. Through its NGX platform, the company delivers a unified security architecture for a broad range of perimeter, internal, Web, and endpoint security solutions that protect business communications and resources for corporate networks and applications, remote employees, branch offices and partner extranets. The company's ZoneAlarm product line is the highest rated personal computer security suite, comprised of award-winning endpoint security solutions that protect millions of PCs from hackers, spyware and data theft. Extending the power of the Check Point solution is its Open Platform for Security (OPSEC), the industry's framework and alliance for integration and interoperability with "best-of-breed" solutions from over 350 leading companies. Check Point solutions are sold, integrated and serviced by a network of more than 2,200 Check Point partners in 88 countries and its customers include 100% of Fortune 100 companies and tens of thousands of businesses and organizations of all sizes.
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