This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Check Point Software Technologies' Management Presents At Citi Technology Conference (Transcript)

Stocks in this article: CHKP

By the time we sold the product, part of the product revenue is deferred as a result of its relation to the software blade, annuity blade plus the deferred revenues are recognizing into the service, so that’s part of the phenomena of 2010, 2011.

At the end of 2011 which is last year, we launched a new product line which is end to end from the lower terms to the high end for the appliances where the philosophy was we are going to keep the same price level, tripling the throughput. The reason was that we wanted to increase the throughput in a way that allows the customer to get higher throughput and in the future adopt all the different annuity blades.

The reason is one of the biggest growth engines for Check Point for the future is the annuity blade; all the additional services that we sell on the clients, Antibot, the URL filtering, the DLP, all the services that are part of the client and then when we launch the new product that’s how we price it; when we came into the year which is when we started the sale, we noticed one thing, first we have a significant increasing the number of units that we sold already from the beginning of Q1 we saw more than 20% increasing the number of units that is very unexpected, (inaudible) is all in the mature business…



Walter Pritchard - Citigroup

Especially higher unit growth within the product line?

Tal Payne



Significantly higher in the number of units that we sell and that’s why we provided that data because it was even beyond our expectation. So the number of units increased significantly which means that the products are very competitive out there in the market that’s one indication that was out.

Second indication is that the acceptance was so fast that the move from the old product line to the new product line that we launched was so fast already in Q1 we were around 80% of the new client sales came from the new appliances continued also in Q2 to increase so over 80% of the clients in the new appliance so great acceptance.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs