Brokerages Anticipate Check Point Software Technologies (CHKP) Will Announce Earnings of $1.28 Per Share

Brokerages expect that Check Point Software Technologies (NASDAQ:CHKP) will report earnings of $1.28 per share for the current quarter, according to Zacks. Ten analysts have provided estimates for Check Point Software Technologies’ earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.31. Check Point Software Technologies reported earnings per share of $1.20 during the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, April 25th.

According to Zacks, analysts expect that Check Point Software Technologies will report full-year earnings of $5.74 per share for the current fiscal year, with EPS estimates ranging from $5.63 to $5.85. For the next year, analysts expect that the business will post earnings of $6.23 per share, with EPS estimates ranging from $6.00 to $6.45. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Check Point Software Technologies.

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Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $508.66 million. During the same quarter in the previous year, the company earned $1.46 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Friday. Cleveland Research downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Wells Fargo downgraded 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. JPMorgan Chase reduced their target price on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Twenty-two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $113.67.

A number of institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in Check Point Software Technologies by 6.4% during the 4th quarter. Victory Capital Management Inc. now owns 8,319 shares of the technology company’s stock valued at $862,000 after purchasing an additional 503 shares during the period. US Bancorp DE lifted its position in Check Point Software Technologies by 0.5% during the 4th quarter. US Bancorp DE now owns 121,845 shares of the technology company’s stock valued at $12,626,000 after purchasing an additional 547 shares during the period. California State Teachers Retirement System lifted its position in Check Point Software Technologies by 0.6% during the 3rd quarter. California State Teachers Retirement System now owns 87,853 shares of the technology company’s stock valued at $10,017,000 after purchasing an additional 558 shares during the period. Capital Analysts LLC lifted its position in Check Point Software Technologies by 6.5% during the 4th quarter. Capital Analysts LLC now owns 9,166 shares of the technology company’s stock valued at $950,000 after purchasing an additional 563 shares during the period. Finally, Comerica Bank lifted its position in Check Point Software Technologies by 2.9% during the 4th quarter. Comerica Bank now owns 21,645 shares of the technology company’s stock valued at $2,275,000 after purchasing an additional 600 shares during the period. Institutional investors own 67.59% of the company’s stock.

Shares of NASDAQ:CHKP opened at $102.94 on Friday. Check Point Software Technologies has a 52 week low of $95.03 and a 52 week high of $119.20. The firm has a market capitalization of $16,761.07, a PE ratio of 20.93, a PEG ratio of 2.01 and a beta of 0.65.

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

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