Exhibit 99.1

SONICWALL REPORTS THIRD QUARTER 2005 FINANCIAL RESULTS

Company generates record revenue, $10.7 million in cash flow from operations and $0.07 pro forma
earnings per share

Sunnyvale, Calif. – October 24, 2005 – SonicWALL, Inc. (Nasdaq: SNWL), today reported record revenue of $34.0 million, pro forma earnings of $0.07 per diluted share, and cash flow from operations of $10.7 million for the third quarter ended September 30, 2005. Revenue increased 16% compared to $29.4 million for the third quarter of 2004 and 3% compared to $33.1 million for the second quarter of 2005.

Net earnings for the third quarter of 2005 calculated in accordance with U.S. generally accepted accounting principles (GAAP) were $2.6 million, or $0.04 per diluted share, compared to the GAAP net loss of $605,000, or $(0.01) per share, for the third quarter of 2004 and compared to GAAP net earnings of $1.2 million, or $0.02 per diluted share, for the second quarter of 2005. GAAP net earnings for the third quarter of 2005 include $1.1 million of amortization of purchased technology in cost of goods sold, $701,000 of amortization of intangible assets in operating expenses, and $84,000 of stock-based compensation expense. GAAP net loss for the third quarter of 2004 includes $1.1 million of amortization of purchased technology in cost of goods sold, $786,000 of amortization of intangible assets in operating expenses, $143,000 in restructuring contra-charges, and $75,000 of stock-based compensation contra-expense. GAAP net earnings for the second quarter of 2005 includes $1.1 million of amortization of purchased technology in cost of goods sold, $703,000 of amortization of intangible assets in operating expenses, and $10,000 of stock-based compensation expense.

Pro forma (non-GAAP) net earnings for the third quarter of 2005 were $4.5 million, or $0.07 per diluted share compared to pro forma net earnings for the third quarter of 2004 of $1.1 million, or $0.01 per diluted share. Pro forma net earnings for the second quarter of 2005 were $3.1 million, or $0.05 per diluted share. Pro forma net earnings exclude amortization of purchased technology in cost of goods sold, amortization of intangible assets in operating expenses, restructuring charges, and stock-based compensation expense, which are described in more detail in the preceding paragraph, as well as in the unaudited financial statements attached to this press release.

“Our leadership in providing solutions to small and medium-size businesses allowed SonicWALL to post record revenues and higher- than-expected earnings per share in the third quarter of 2005. The market acceptance of

multiple applications on a single platform is fueling our growth in subscription services revenue, which had a positive effect on gross margins and deferred revenue,” said Matthew Medeiros, president and chief executive officer at SonicWALL. ”

“We continued our transformation from a firewall supplier to a company providing subscription services delivered on an integrated appliance. This is underscored by our leadership in the Unified Threat Management, where we maintained our number-one market share position for the second consecutive quarter,” Medeiros added.

Guidance for Q4 2005

For the fourth quarter of 2005, SonicWALL expects revenue to be in the range of $34.5 million to $36 million. The Company expects diluted earnings per share to be in the range of $0.05 to $0.06 on a pro forma (non-GAAP) basis. On a GAAP basis, inclusive of a total of approximately $1.8 million in combined amortization of purchased intangibles in cost of goods sold, amortization of intangible assets in operating expenses, stock-based compensation, and restructuring charges, the Company expects earnings per share to be in the range of $0.02 to $0.03. This is the only statement SonicWALL will be giving during the quarter with respect to guidance, unless a decision is made to provide an update.

Conference Call

A conference call to discuss third quarter 2005 results will take place today 2 p.m. PDT (5 p.m. EDT). SonicWALL President and CEO Matt Medeiros and SonicWALL CFO Rob Selvi will host the call. A web cast of the live call can be accessed at http://www.sonicwall.com/company/webcast.html. A replay of the call will be available beginning at approximately 3 p.m. PDT (6 p.m. EDT) today at the Company’s website or by telephone through Oct. 31, 2005 at (800) 642-1687 (domestic) or (706) 645-9291 (international). The conference call ID number is # 1272525.

Use of Non-GAAP Financial Measures

To supplement our consolidated financial statements presented in accordance with GAAP, SonicWALL uses non-GAAP measures of pro forma results of operations. These non-GAAP results are provided to enhance the user’s overall understanding of our current financial performance and our prospects for the future. We believe the non-GAAP results provide useful information to both management and investors by excluding certain expenses. The non-GAAP measures are included to provide investors and management with an alternative method for assessing SonicWALL’s operating results. In addition, since we have historically reported non-GAAP results to the investment community, we believe the inclusion of non-GAAP numbers provides consistency in our financial reporting. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with accounting principles generally accepted in the United States.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this press release are “forward-looking statements.” The forward-looking statements include without limitation statements regarding our ability to continue to grow subscription services revenue, continued market acceptance of our Unified Threat Management solution, our transformation from a vendor of hardware to a vendor of subscription services and our expected revenue for the fourth quarter of 2005 and the GAAP and non-GAAP earnings per share for the fourth quarter of 2005. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect SonicWALL’s actual results include, but are not limited to, increased competition in each of the geographic areas in which we do business; exchange rate fluctuations; global macroeconomic and geopolitical conditions; increased competition across all of the market segments in which SonicWALL participates; new product and service introductions by our competitors; significant turnover of our key employees; and unpredictability in the rate of growth of spending of our customers for products and services that SonicWALL provides. In addition, for a more detailed description of the risks and uncertainties that could cause our actual results to differ materially from those anticipated in the forward-looking statements, please see the “Risk Factors” described in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K/A for the year ended December 31, 2004. All forward-looking statements included in this release are based upon information available to SonicWALL as of the date of the release, and we assume no obligation to update any such forward-looking statement.

About SonicWALL, Inc.

SonicWALL, Inc. is a leading provider of integrated network security, mobility, and productivity solutions for the SMB, enterprise, e-commerce, education, healthcare, retail/point-of-sale, and government markets. Core technologies include firewall, VPN, wireless, gateway anti-virus/anti-spyware/intrusion detection and prevention, SSL, desktop anti-virus, and content filtering, along with award-winning security management solutions. Together, these products and technologies provide the most comprehensive distributed enforcement architecture available. SonicWALL, Inc. is headquartered in Sunnyvale, CA. SonicWALL trades on the NASDAQ exchange under the symbol SNWL. For more information, contact SonicWALL at +1 (408) 745-9600 or visit the company web site at http://www.sonicwall.com/.

NOTE: SonicWALL is a registered trademark of SonicWALL, Inc. Other product and company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

For additional information, contact:

Denise Franklin	Mary McEvoy
SonicWALL, Inc. Investor Relations	SonicWALL, Inc. Media Relations
+ 1 (408) 752-7907	+1 (408) 962-7110
dfranklin@sonicwall.com	mmcevoy@sonicwall.com

SonicWALL, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2005			2004			2005			2004
				As restated						As restated
Revenue:
Product	$	18,236		$	18,474		$	55,875		$	64,234
License and Service		15,782			10,911			43,034			29,400
Total Revenue		34,018			29,385			98,909			93,634
Cost of Revenue:
Product		6,994			6,845			20,310			22,983
License and Service		1,956			1,781			5,877			4,901
Amortization of Purchased Technology		1,138			1,135			3,409			3,407
Total Cost of Revenue		10,088			9,761			29,596			31,291
Gross Margin		23,930			19,624			69,313			62,343
Operating Expenses:
Research and Development		5,410			5,556			16,503			17,723
Sales and Marketing		13,339			11,797			38,456			35,756
General and Administrative		3,414			3,204			10,960			10,519
Amortization of Purchased Intangibles		701			786			2,107			2,385
Restructuring Charges		—			(143	)		—			(15	)
Stock-Based Compensation		84			(75	)		19			105
Total Operating Expenses		22,948			21,125			68,045			66,473
Income (loss) from Operations		982			(1,501	)		1,268			(4,130	)
Other Income, net		1,748			1,105			4,667			2,725
Income (loss) before Taxes		2,730			(396	)		5,935			(1,405	)
Provision for Income Taxes		(162	)		(209	)		(453	)		(374	)
Net Income (loss)		2,568			(605	)		5,482			(1,779	)
Net Income (loss) Per Share:
Basic	$	0.04			($0.01	)	$	0.08			($0.03	)
Diluted	$	0.04			($0.01	)	$	0.08			($0.03	)
Shares Used in Per Share Calculations:
Basic		64,308			71,344			64,539			70,853
Diluted		66,183			71,344			66,431			70,853

SonicWALL, Inc.
PRO FORMA (Non-GAAP) CONSOLIDATED STATEMENT OF OPERATIONS
Excluding Amortization of Purchased Technology,
Amortization of Purchased Intangibles,
Restructuring Charges and Stock-Based Compensation
(In thousands, except per share amounts)
(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2005			2004			2005			2004
				As restated						As restated
Revenue:
Product	$	18,236		$	18,474		$	55,875		$	64,234
License and Service		15,782			10,911			43,034			29,400
Total Revenue		34,018			29,385			98,909			93,634
Cost of Revenue:
Product		6,994			6,845			20,310			22,983
License and Service		1,956			1,781			5,877			4,901
Total Cost of Revenue		8,950			8,626			26,187			27,884
Gross Margin		25,068			20,759			72,722			65,750
Operating Expenses:
Research and Development		5,410			5,556			16,503			17,723
Sales and Marketing		13,339			11,797			38,456			35,756
General and Administrative		3,414			3,204			10,960			10,519
Total Operating Expenses		22,163			20,557			65,919			63,998
Pro Forma Income from Operations		2,905			202			6,803			1,752
Other Income, net		1,748			1,105			4,667			2,725
Pro Forma Income before Taxes		4,653			1,307			11,470			4,477
(Provision for) Income Taxes		(162	)		(209	)		(453	)		(374	)
Pro Forma Net Income	$	4,491		$	1,098		$	11,017		$	4,103
Pro Forma Net Income Per share:
Basic	$	0.07		$	0.02		$	0.17		$	0.06
Diluted	$	0.07		$	0.01		$	0.17		$	0.05
Shares Used in Per Share Calculations:
Basic		64,308			71,344			64,539			70,853
Diluted		66,183			73,846			66,431			74,623
Reconciliation of the above pro forma amounts to GAAP net loss:
Pro forma Net Income	$	4,491		$	1,098		$	11,017		$	4,103
Amortization of Purchased Technology		1,138			1,135			3,409			3,407
Amortization of Purchased Intangibles		701			786			2,107			2,385
Restructuring Charges		—			(143	)		—			(15	)
Stock-Based Compensation		84			(75	)		19			105
Net effect of Pro Forma Adjustments		1,923			1,703			5,535			5,882
Net Income (loss)	$	2,568			($605	)	$	5,482			($1,779	)

SonicWALL, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

	September 30,		December 31,
	2005		2004
	(Unaudited)		As restated
ASSETS
Current Assets:
Cash and cash equivalents	$	50,937	$	23,446
Short term investments		193,582		229,226
Accounts receivable, net		15,536		14,204
Inventories		3,678		2,191
Prepaid expenses and other		3,533		2,069
Total Current Assets		267,266		271,136
Property and equipment, net		2,125		3,395
Goodwill		97,953		97,953
Purchased intangibles, net		8,149		13,667
Other assets		432		694
	$	375,925	$	386,845
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable	$	7,361	$	5,737
Accrued compensation and related benefits		6,594		7,342
Other accrued liabilities		3,494		5,117
Income taxes payable		611		500
Deferred revenue		41,351		30,173
Total Current Liabilities		59,411		48,869
Shareholder’s Equity		316,514		337,976
	$	375,925	$	386,845

SonicWALL, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
	2005			2004			2005			2004
				As restated						As restated
Net cash provided by operating activities	$	10,686		$	5,868		$	19,536		$	7,920
Cash flows from Investing activities:
Purchase of Property and equipment		(346	)		(115	)		(665	)		(1,959	)
Maturity and sale of short-term investments, net		4,086			12,240			35,137			(8,925	)
Net cash (used in) provided by investing activities		3,740			12,125			34,472			(10,884	)
Cash flows from financing activities:
Issuance of common stock under employee stock options and purchase plans		2,054			1,633			3,701			12,555
Repurchase of common stock		—			—			(30,218	)		—
Net cash provided by (used in) financing activities		2,054			1,633			(26,517	)		12,555
Net increase (decrease) in cash and cash equivalents		16,480			19,626			27,491			9,591
Cash equivalents at beginning of peiod		34,457			20,432			23,446			30,467
Cash equivalents at end of period	$	50,937		$	40,058		$	50,937		$	40,058