Equities research analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report $490.56 million in sales for the current quarter, according to Zacks Investment Research. Fourteen analysts have made estimates for Check Point Software Technologies’ earnings. The highest sales estimate is $493.14 million and the lowest is $488.88 million. Check Point Software Technologies posted sales of $470.82 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is expected to report its next quarterly earnings results on Wednesday, October 23rd.
On average, analysts expect that Check Point Software Technologies will report full-year sales of $1.99 billion for the current year, with estimates ranging from $1.98 billion to $2.00 billion. For the next financial year, analysts anticipate that the company will post sales of $2.07 billion, with estimates ranging from $2.03 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Check Point Software Technologies.
Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The firm had revenue of $488.10 million during the quarter, compared to analysts’ expectations of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS.
Check Point Software Technologies stock traded up $0.95 on Friday, hitting $111.74. The company’s stock had a trading volume of 1,093,145 shares, compared to its average volume of 988,922. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 0.79. The firm has a fifty day simple moving average of $115.61. Check Point Software Technologies has a one year low of $98.57 and a one year high of $132.76.
Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bank lifted its position in Check Point Software Technologies by 69.7% during the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares during the period. NuWave Investment Management LLC lifted its position in Check Point Software Technologies by 64.5% during the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after purchasing an additional 120 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in Check Point Software Technologies during the 2nd quarter valued at about $39,000. First Personal Financial Services lifted its position in Check Point Software Technologies by 64.8% during the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock valued at $47,000 after purchasing an additional 147 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $63,000. Institutional investors own 71.03% 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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