Check Point Software Technologies (NASDAQ:CHKP) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.25-1.30 EPS and its FY18 guidance at $5.50-5.90 EPS.
Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. The business had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 EPS. On average, analysts expect Check Point Software Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
CHKP stock opened at $102.23 on Monday. The company has a market capitalization of $16,708.78, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.65. Check Point Software Technologies has a 12-month low of $95.03 and a 12-month high of $119.20.
Several equities analysts recently issued reports on CHKP shares. Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. JPMorgan Chase decreased their target price on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. BidaskClub upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. Finally, Wells Fargo lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $103.41 to $117.00 in a research note on Thursday, February 1st. Twenty-one research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.99.
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About Check Point Software Technologies
Check Point Software Technologies Ltd. provides hardware and software products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security operations and provides visibility into policy administration and threat analysis.
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