$1.54 in earnings per share expected for Check Point Software Technologies Ltd. (NASDAQ:CHKP) this quarter

Stock analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get a rating) to report earnings per share (EPS) of $1.54 for the current fiscal quarter, Zacks reports. Eight analysts provided earnings estimates for Check Point Software Technologies, with the lowest EPS estimate of $1.52 and the highest estimate of $1.56. Check Point Software Technologies also reported earnings per share of $1.54 in the same quarter last year. The company is due to announce its next quarterly earnings report on Monday, April 25.

According to Zacks, analysts expect Check Point Software Technologies to report annual earnings of $7.26 per share for the current fiscal year, with EPS estimates ranging from $7.12 to $7.44. For the next fiscal year, analysts expect the company to post earnings of $7.86 per share, with EPS estimates ranging from $7.24 to $8.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that track Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP – Get a rating) last released its quarterly earnings data on Thursday, February 3. The technology company reported earnings per share (EPS) of $2.25 for the quarter, beating Thomson Reuters consensus estimate of $2.14 by $0.11. Check Point Software Technologies posted a net margin of 37.64% and a return on equity of 25.39%. The company posted revenue of $599.10 million in the quarter, versus a consensus estimate of $586.42 million. During the same period of the previous year, the company achieved EPS of $1.98. Check Point Software Technologies quarterly revenue increased 6.3% compared to the same quarter last year.

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CHKP has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on shares of Check Point Software Technologies from $148.00 to $154.00 in a Friday, Feb. 4 research report. Credit Suisse Group raised its price target on Check Point Software Technologies shares from $100.00 to $105.00 and gave the company an “underperforming” rating in a Friday 4 research report. February. Citigroup launched coverage on the shares of Check Point Software Technologies in a research report on Monday, January 24. They set a rating of “sell” and a target price of $115.00 for the business. Mizuho raised its price target on shares of Check Point Software Technologies from $125.00 to $136.00 and gave the company a “neutral” rating in a Friday, Feb. 4 research report. Finally, Raymond James raised his price target on shares of Check Point Software Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a Friday, Feb. 4 research report. Five research analysts gave the stock a sell rating, three gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $130.45.

Several institutional investors and hedge funds have recently changed their holdings of CHKP. D Orazio & Associates Inc. bought a new stock position in Check Point Software Technologies in Q3 for $25,000. NEXT Financial Group Inc increased its stake in shares of Check Point Software Technologies by 171.3% in the third quarter. NEXT Financial Group Inc now owns 236 shares of the technology company worth $27,000 after buying 149 additional shares in the last quarter. Bank Julius Baer & Cie AG Zurich increased its equity stake in Check Point Software Technologies by 55.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 249 shares of the technology company worth $29,000 after buying 89 more shares in the last quarter. South Dakota’s Sageworth Trust Co bought a new stock position in Check Point Software Technologies in Q4 for $49,000. Finally, Spire Wealth Management increased its stake in shares of Check Point Software Technologies by 85.3% in the 4th quarter. Spire Wealth Management now owns 428 shares of the technology company worth $50,000 after buying 197 more shares in the last quarter. Institutional investors hold 86.69% of the company’s shares.

NASDAQ:CHKP opened at $145.96 on Friday. The company has a 50-day moving average of $126.23 and a 200-day moving average of $120.54. Check Point Software Technologies has a 52-week minimum of $107.85 and a 52-week maximum of $149.62. The company has a market capitalization of $20.02 billion, a price/earnings ratio of 23.97, a PEG ratio of 3.09 and a beta of 0.62.

About Check Point Software Technologies (Get a rating)

Check Point Software Technologies Ltd. engages in the development and marketing of software and hardware solutions for information technology security. Its products include threat prevention, next-generation firewalls, mobile security and security management. The company was founded by Gil Shwed, Marius Nacht and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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