Brokerages Expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) Will Post Earnings of $1.37 Per Share

Wall Street brokerages expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will report earnings of $1.37 per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.36 and the highest is $1.38. Check Point Software Technologies also posted earnings of $1.37 per share during the same quarter last year. The company is expected to report its next earnings report on Wednesday, July 24th.

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

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.01. The firm had revenue of $471.83 million during the quarter, compared to analyst estimates of $471.16 million. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. Check Point Software Technologies’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share.

A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Check Point Software Technologies in a report on Monday, April 22nd. BidaskClub downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 19th. ValuEngine downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Finally, OTR Global raised Check Point Software Technologies to a “positive” rating in a report on Friday, April 12th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.00.

NASDAQ:CHKP traded up $0.32 during midday trading on Friday, reaching $113.32. The company had a trading volume of 693,654 shares, compared to its average volume of 790,650. The firm has a market cap of $17.25 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.33 and a beta of 0.80. Check Point Software Technologies has a 12-month low of $95.67 and a 12-month high of $132.76.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Check Point Software Technologies by 11.7% during the first quarter. BlackRock Inc. now owns 5,824,800 shares of the technology company’s stock worth $736,781,000 after purchasing an additional 612,046 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Check Point Software Technologies by 39,495.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after purchasing an additional 3,980,748 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Check Point Software Technologies by 4.5% during the fourth quarter. APG Asset Management N.V. now owns 2,568,672 shares of the technology company’s stock worth $230,656,000 after purchasing an additional 111,200 shares in the last quarter. Flossbach Von Storch AG increased its position in Check Point Software Technologies by 2.6% in the 4th quarter. Flossbach Von Storch AG now owns 2,528,746 shares of the technology company’s stock valued at $259,576,000 after acquiring an additional 63,930 shares during the period. Finally, William Blair Investment Management LLC increased its position in Check Point Software Technologies by 1,576.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,651,678 shares of the technology company’s stock valued at $208,921,000 after acquiring an additional 1,553,162 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.

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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