$1.62 Earnings Per Share Expected for Check Point Software Technologies Ltd. (NASDAQ:CHKP) This Quarter

Wall Street brokerages expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) will post earnings of $1.62 per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.58 and the highest is $1.72. Check Point Software Technologies reported earnings per share of $1.61 in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Check Point Software Technologies will report full-year earnings of $7.22 per share for the current fiscal year, with EPS estimates ranging from $7.11 to $7.44. For the next financial year, analysts anticipate that the company will report earnings of $7.94 per share, with EPS estimates ranging from $7.61 to $8.43. Zacks’ EPS calculations are an average based on a survey of research firms that cover Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. The company had revenue of $542.70 million for the quarter, compared to analyst estimates of $535.57 million. Check Point Software Technologies had a net margin of 36.43% and a return on equity of 25.35%. Check Point Software Technologies’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.39 EPS.

A number of research firms have recently commented on CHKP. StockNews.com began coverage on Check Point Software Technologies in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays reduced their price target on shares of Check Point Software Technologies from $160.00 to $145.00 in a research report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Check Point Software Technologies from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, March 17th. Royal Bank of Canada upped their price target on shares of Check Point Software Technologies from $139.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Monday, April 25th. Finally, Credit Suisse Group increased their price target on Check Point Software Technologies from $105.00 to $115.00 in a report on Thursday, April 28th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.29.

Shares of Check Point Software Technologies stock opened at $120.19 on Friday. The business’s fifty day moving average price is $137.94 and its 200 day moving average price is $126.04. Check Point Software Technologies has a twelve month low of $107.85 and a twelve month high of $149.62. The stock has a market capitalization of $15.51 billion, a P/E ratio of 19.83, a PEG ratio of 2.79 and a beta of 0.64.

A number of hedge funds have recently made changes to their positions in CHKP. Weatherly Asset Management L. P. increased its holdings in Check Point Software Technologies by 13.2% in the first quarter. Weatherly Asset Management L. P. now owns 2,694 shares of the technology company’s stock valued at $372,000 after buying an additional 315 shares during the last quarter. Balentine LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $408,000. Quadrant Capital Group LLC raised its position in shares of Check Point Software Technologies by 9.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,483 shares of the technology company’s stock valued at $205,000 after acquiring an additional 132 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Check Point Software Technologies by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,896 shares of the technology company’s stock worth $3,027,000 after purchasing an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Check Point Software Technologies by 0.8% in the first quarter. CIBC Asset Management Inc now owns 11,318 shares of the technology company’s stock worth $1,565,000 after purchasing an additional 89 shares during the period. 91.96% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile (Get Rating)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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