Wall Street brokers expect Check Point Software Technologies Ltd. (NASDAQ: CHKP – Get Rating) will report sales of $559.76 million for the current quarter, according to Zacks Investment Research. Thirteen analysts provided earnings estimates for Check Point Software Technologies. The lowest sales estimate is $555.00 million and the highest is $566.00 million. Check Point Software Technologies reported sales of $526.10 million in the same quarter last year, suggesting a positive year-over-year growth rate of 6.4%. The company is due to announce its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Check Point Software Technologies to report annual sales of $2.30 billion for the current fiscal year, with estimates ranging from $2.29 billion to $2.32 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $2.43 billion, with estimates ranging from $2.38 billion to $2.50 billion. Zacks sales averages are an average based on a survey of sales-side research companies that cover Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its quarterly results on Wednesday, April 27. The technology company reported earnings per share (EPS) of $1.57 for the quarter, beating consensus analyst estimates of $1.54 by $0.03. Check Point Software Technologies achieved a return on equity of 25.35% and a net margin of 36.43%. The company posted revenue of $542.70 million for the quarter, versus a consensus estimate of $535.57 million. During the same period last year, the company posted EPS of $1.39. The company’s revenue increased by 6.9% compared to the same quarter last year.

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised its price target on Check Point Software Technologies from $154.00 to $160.00 and gave the stock a “buy” rating in a Thursday, March 17 research report. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a price target of $132.00 for the company in a Monday, January 17 research note. Jefferies Financial Group launched coverage on Check Point Software Technologies in a research note on Monday, April 18. They set a “holding” rating and a price target of $155.00 for the company. Summit Insights launched coverage on Check Point Software Technologies in a research note on Thursday, March 31. They set a “buy” rating and a price target of $160.00 for the company. Finally, Royal Bank of Canada raised its price target on Check Point Software Technologies from $139.00 to $145.00 and gave the stock an “industry performance” rating in a Monday, April 25 research note. . Six investment analysts have assigned the stock a sell rating, five have assigned a hold rating and eight have assigned the stock a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.29.

Major investors have recently increased or reduced their stakes in the company. Ellevest Inc. acquired a new position in Check Point Software Technologies during the fourth quarter worth $52,000. Boston Partners increased its stake in Check Point Software Technologies by 15.6% during the fourth quarter. Boston Partners now owns 10,785 shares of the technology company worth $1,257,000 after buying 1,456 additional shares last quarter. Heritage Wealth Management LLC increased its stake in Check Point Software Technologies by 28.9% during the third quarter. Heritage Wealth Management LLC now owns 2,430 shares of the technology company worth $275,000 after buying 545 additional shares in the last quarter. Renaissance Technologies LLC increased its stake in Check Point Software Technologies by 3.5% during the third quarter. Renaissance Technologies LLC now owns 474,608 shares of the technology company worth $53,650,000 after buying an additional 16,200 shares last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in Check Point Software Technologies by 63.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,722 shares of the technology company worth $433,000 after buying 1,443 additional shares last quarter. Institutional investors hold 91.96% of the company’s shares.

Check Point Software Technologies stock opened Monday at $120.19. The company has a fifty-day moving average price of $137.94 and a 200-day moving average price of $126.08. Check Point Software Technologies has a 1-year minimum of $107.85 and a 1-year maximum of $149.62. The stock has a market capitalization of $15.51 billion, a price/earnings ratio of 19.83, a PEG ratio of 2.70 and a beta of 0.64.

Check Point Software Technologies Company Profile (Get an evaluation)

Check Point Software Technologies Ltd. develops, markets and supports a range of IT security products and services worldwide. The company offers a portfolio of network security, endpoint security, data security and management solutions. It provides Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyberattacks on various networks, endpoints, cloud, workloads, Internet of Things and mobile.

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Earnings history and estimates for Check Point Software Technologies (NASDAQ:CHKP)



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