Check Point Software Technologies (CHKP) Scheduled to Post Quarterly Earnings on Thursday

Check Point Software Technologies (NASDAQ:CHKP) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.95-$2.05 EPS and its FY24 guidance at $8.70-$9.30 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. On average, analysts expect Check Point Software Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $158.09 on Thursday. The firm has a market cap of $19.09 billion, a PE ratio of 22.20, a PEG ratio of 2.55 and a beta of 0.61. The firm has a fifty day moving average of $162.32 and a 200 day moving average of $151.90. Check Point Software Technologies has a one year low of $117.18 and a one year high of $168.82.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $28,000. Providence Capital Advisors LLC acquired a new position in Check Point Software Technologies in the first quarter valued at about $60,000. Brown Brothers Harriman & Co. lifted its position in Check Point Software Technologies by 75.3% in the first quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock valued at $79,000 after buying an additional 244 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Check Point Software Technologies in the second quarter valued at about $88,000. Finally, State of Wyoming lifted its position in Check Point Software Technologies by 1,512.5% in the second quarter. State of Wyoming now owns 903 shares of the technology company’s stock valued at $113,000 after buying an additional 847 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. UBS Group lifted their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Citigroup lifted their target price on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Truist Financial lifted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada lifted their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $160.16.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.