Check Point Software Technologies Ltd. (NASDAQ:CHKP) Expected to Post Earnings of $1.49 Per Share


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Equities research analysts forecast that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will post earnings per share (EPS) of $1.49 for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.47 and the highest is $1.53. Check Point Software Technologies posted earnings per share of $1.42 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings results on Monday, April 26th.

On average, analysts expect that Check Point Software Technologies will report full-year earnings of $6.69 per share for the current fiscal year, with EPS estimates ranging from $6.60 to $6.82. For the next financial year, analysts forecast that the business will post earnings of $7.17 per share, with EPS estimates ranging from $6.90 to $7.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, February 2nd. The technology company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Check Point Software Technologies had a net margin of 41.47% and a return on equity of 25.10%. The company had revenue of $563.80 million for the quarter, compared to the consensus estimate of $556.03 million. During the same period last year, the company posted $2.02 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the stock. Pritchard Capital raised their price target on shares of Check Point Software Technologies from $128.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, February 4th. JPMorgan Chase & Co. lowered shares of Check Point Software Technologies from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $141.00 to $134.00 in a report on Wednesday, December 9th. BTIG Research raised their price objective on shares of Check Point Software Technologies from $143.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, December 31st. Oppenheimer reiterated an “outperform” rating and issued a $155.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 11th. Finally, OTR Global upgraded shares of Check Point Software Technologies to a “positive” rating in a report on Friday, January 8th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $124.57.

Shares of CHKP traded down $1.84 during mid-day trading on Tuesday, reaching $114.10. The company had a trading volume of 51,812 shares, compared to its average volume of 1,535,023. The company’s 50 day simple moving average is $125.52 and its 200 day simple moving average is $123.35. Check Point Software Technologies has a 1-year low of $80.06 and a 1-year high of $139.26. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.82 and a beta of 0.66.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp grew its position in Check Point Software Technologies by 4.2% in the 4th quarter. Boston Trust Walden Corp now owns 92,372 shares of the technology company’s stock valued at $12,277,000 after purchasing an additional 3,720 shares during the period. KCM Investment Advisors LLC grew its position in Check Point Software Technologies by 15.0% in the 3rd quarter. KCM Investment Advisors LLC now owns 15,528 shares of the technology company’s stock valued at $1,869,000 after purchasing an additional 2,020 shares during the period. Ninety One North America Inc. grew its position in Check Point Software Technologies by 283.5% in the 3rd quarter. Ninety One North America Inc. now owns 86,479 shares of the technology company’s stock valued at $10,407,000 after purchasing an additional 63,930 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Check Point Software Technologies by 54.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 182,436 shares of the technology company’s stock valued at $24,248,000 after purchasing an additional 64,082 shares during the period. Finally, QCI Asset Management Inc. NY boosted its holdings in Check Point Software Technologies by 3.5% during the 4th quarter. QCI Asset Management Inc. NY now owns 188,273 shares of the technology company’s stock worth $25,023,000 after acquiring an additional 6,378 shares during the last quarter. 67.86% of the stock is owned by institutional investors and hedge funds.

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 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; Check Point Network Security, security gateways and software platforms that support small business and large enterprise data center and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protections.

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