Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.100-2.200 for the period. The company issued revenue guidance of $607.0 million-$637.0 million.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Mizuho reiterated a neutral rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Royal Bank of Canada lifted their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the company a sector perform rating in a research report on Wednesday, February 7th. TD Cowen lifted their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the company an outperform rating in a research report on Monday, March 18th. Barclays lifted their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an equal weight rating in a research report on Friday. Finally, Wells Fargo & Company lifted their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the company an equal weight rating in a research report on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $164.00.
Get Our Latest Stock Report on CHKP
Check Point Software Technologies Trading Down 1.1 %
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. The business had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. As a group, sell-side analysts predict that Check Point Software Technologies will post 7.85 EPS for the current fiscal year.
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.
Further Reading
- Five stocks we like better than Check Point Software Technologies
- Transportation Stocks Investing
- DoorDash: 5 Compelling Reasons to Buy the Dip
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 3 Companies Buying Back Cheap Stock Lately
- Stock Sentiment Analysis: How it Works
- Roku Trims Losses and Raises Guidance, But Market Isn’t Convinced
Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.