Shares of security software company Check Point Software Technologies Ltd. are down 7.3% in Wednesday morning trading after the company lowered its full-year outlook and delivered a disappointing forecast for the second quarter. The company expects revenue of between $445 million and $475 million for the second quarter, whereas analysts tracked by FactSet were projecting $477 million. The company also lowered its full-year revenue outlook to between $1.85 billion and $1.93 billion. On Check Point's prior earnings call, the company forecast revenue of between $1.9 billion and $2 billion. CEO Gil Shwed said on Wednesday's call that "our overall sales are softer than what I would have hoped to see." Check Point's outlook overshadowed a slight earnings beat for the March quarter. Shares of other cybersecurity software companies including Fortinet Inc. and Palo Alto Networks Inc. are down as well. Check Point's stock is off 10.7% over the past 12 months, compared with a 9.4% gain for the S&P 500