Equity research analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get a rating) to report earnings of $1.62 per share for the current quarter, Zacks Investment Research reports. Thirteen analysts provided earnings estimates for Check Point Software Technologies, with the highest EPS estimate of $1.72 and the lowest estimate of $1.58. Check Point Software Technologies reported earnings of $1.61 per share in the same quarter last year, indicating a positive year-over-year growth rate of 0.6%. The company is due to announce its next earnings report on Monday, January 1.
On average, analysts expect Check Point Software Technologies to report annual earnings of $7.22 per share for the current year, with EPS estimates ranging from $7.11 to $7.44. For next year, analysts expect the company to post earnings of $7.94 per share, with EPS estimates ranging from $7.61 to $8.43. Zacks earnings per share calculations are an average based on a survey of sell-side analysts who follow Check Point Software Technologies.
Check Point Software Technologies (NASDAQ: CHKP – Get a rating) last reported results on Wednesday, April 27. The technology company reported earnings per share of $1.34 for the quarter, missing the consensus estimate of $1.35 per ($0.01). Check Point Software Technologies posted a net margin of 36.43% and a return on equity of 25.35%. The company posted revenue of $542.70 million in the quarter, compared to analyst estimates of $535.57 million. During the same period last year, the company achieved EPS of $1.39. The company’s revenue increased by 6.9% compared to the same quarter last year.
A number of analysts have weighed in on CHKP shares. BMO Capital Markets downgraded Check Point Software Technologies from a “market performance” rating to an “outperform” rating and raised its price target for the company from $150.00 to $157.00 in a memo. research on Thursday, February 17. Morgan Stanley raised its price target on Check Point Software Technologies from $116.00 to $120.00 and gave the stock an “underweight” rating in a Friday, Feb. 4 research note. Piper Sandler downgraded shares of Check Point Software Technologies from a “neutral” rating to an “underweight” rating and set a price target of $130.00 for the stock. in a Monday, March 21 research note. Wedbush raised its price target on shares of Check Point Software Technologies from $142.00 to $155.00 and gave the stock an “outperform” rating in a Thursday, April 14 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. Six investment analysts have assigned the stock a sell rating, five have issued a hold rating and eight have assigned the company’s stock a buy rating. Based on MarketBeat data, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $138.82.
A number of institutional investors and hedge funds have recently changed their positions in the company. Tcwp LLC acquired a new stake in shares of Check Point Software Technologies in Q1 worth $26,000. AdvisorNet Financial Inc increased its position in Check Point Software Technologies by 107.0% in the first quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company valued at $33,000 after buying an additional 122 shares during the period. Bank Julius Baer & Co. SA Zurich increased its 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 valued at $29,000 after buying 89 more shares last quarter. MV Capital Management Inc. bought a new stock position in Check Point Software Technologies during Q1 worth approximately $45,000. Finally, Sageworth Trust Co of South Dakota acquired a new stake in shares of Check Point Software Technologies in Q4 worth approximately $49,000. 91.96% of the shares are currently held by institutional investors.
Check Point Software Technologies stock opened Friday at $126.18. The company has a fifty-day simple moving average of $132.72 and a 200-day simple moving average of $126.38. The stock has a market capitalization of $16.29 billion, a P/E ratio of 20.82, a price-to-earnings growth ratio of 2.65 and a beta of 0.64. Check Point Software Technologies has a 12 month minimum of $107.85 and a 12 month maximum of $149.62.
Check Point Software Technologies Company Profile (Get a rating)
Check Point Software Technologies Ltd. develops, markets and supports a range of IT security products and services worldwide. The company offers a portfolio of network security, endpoint security, data security and management solutions. It provides the Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyberattacks across various networks, endpoints, cloud, workloads, IoT, and mobile.
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