Wall Street brokerages expect Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) to post $559.76 million in sales for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Check Point Software Technologies’ earnings, with the highest sales estimate coming in at $566.00 million and the lowest estimate coming in at $555.00 million. Check Point Software Technologies reported sales of $526.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Check Point Software Technologies will report full-year sales of $2.30 billion for the current year, with estimates ranging from $2.29 billion to $2.32 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.43 billion, with estimates ranging from $2.38 billion to $2.50 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Check Point Software Technologies.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its earnings results on Wednesday, April 27th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). 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%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS.
Shares of Check Point Software Technologies stock opened at $126.18 on Monday. The firm’s 50-day simple moving average is $132.72 and its 200-day simple moving average is $126.50. Check Point Software Technologies has a twelve month low of $107.85 and a twelve month high of $149.62. The firm has a market cap of $16.29 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.
Hedge funds have recently bought and sold shares of the stock. Tcwp LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth approximately $26,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Check Point Software Technologies by 55.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 249 shares of the technology company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in Check Point Software Technologies by 107.0% in the first quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock worth $33,000 after buying an additional 122 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Check Point Software Technologies in the first quarter worth approximately $45,000. Finally, Sageworth Trust Co of South Dakota purchased a new stake in Check Point Software Technologies in the fourth quarter worth approximately $49,000. Institutional investors own 91.96% of the company’s stock.
About Check Point Software Technologies (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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