Check Point Software Technologies Ltd. (NASDAQ:CHKP) Expected to Post Earnings of $1.37 Per Share

Equities analysts predict that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will announce earnings per share (EPS) of $1.37 for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Check Point Software Technologies’ earnings, with the highest EPS estimate coming in at $1.38 and the lowest estimate coming in at $1.36. Check Point Software Technologies also posted earnings of $1.37 per share in the same quarter last year. The company is expected to report its next earnings report before the market opens on Wednesday, July 24th.

According to Zacks, analysts expect that Check Point Software Technologies will report full-year earnings of $6.07 per share for the current financial year, with EPS estimates ranging from $6.02 to $6.20. For the next fiscal year, analysts forecast that the firm will report earnings of $6.47 per share, with EPS estimates ranging from $6.23 to $6.75. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.01. The business had revenue of $471.83 million for the quarter, compared to analysts’ expectations of $471.16 million. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS.

Several equities analysts have recently issued reports on CHKP shares. Barclays boosted their target price on Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine raised Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Deutsche Bank boosted their target price on Check Point Software Technologies from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Finally, OTR Global raised Check Point Software Technologies to a “positive” rating in a research note on Friday, April 12th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.00.

A number of hedge funds have recently modified their holdings of the stock. Private Trust Co. NA boosted its holdings in Check Point Software Technologies by 12.9% in the second quarter. Private Trust Co. NA now owns 2,146 shares of the technology company’s stock worth $248,000 after acquiring an additional 246 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Check Point Software Technologies by 2.6% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 108,323 shares of the technology company’s stock worth $13,701,000 after acquiring an additional 2,720 shares in the last quarter. Redwood Investment Management LLC bought a new stake in Check Point Software Technologies in the first quarter worth $1,007,000. Nordea Investment Management AB boosted its holdings in Check Point Software Technologies by 15.0% in the first quarter. Nordea Investment Management AB now owns 1,650,535 shares of the technology company’s stock worth $208,773,000 after acquiring an additional 215,133 shares in the last quarter. Finally, Ashburton Jersey Ltd boosted its holdings in Check Point Software Technologies by 1,583.3% in the first quarter. Ashburton Jersey Ltd now owns 2,525 shares of the technology company’s stock worth $319,000 after acquiring an additional 2,375 shares in the last quarter. 71.28% of the stock is currently owned by institutional investors.

CHKP opened at $119.56 on Tuesday. Check Point Software Technologies has a 52-week low of $98.57 and a 52-week high of $132.76. The stock has a market capitalization of $18.20 billion, a PE ratio of 22.95, a PEG ratio of 2.45 and a beta of 0.78. The company’s 50 day simple moving average is $114.43.

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 and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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