$1.28 Earnings Per Share Expected for Check Point Software Technologies (CHKP) This Quarter

Brokerages expect Check Point Software Technologies (NASDAQ:CHKP) to report $1.28 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.26 and the highest is $1.31. Check Point Software Technologies posted earnings of $1.20 per share during the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, April 25th.

On average, 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 anticipate that the company will report earnings of $6.23 per share, with EPS estimates ranging from $6.00 to $6.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Check Point Software Technologies.

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Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, topping 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 business had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. During the same period last year, the business posted $1.46 earnings per share. Check Point Software Technologies’s quarterly revenue was up 4.0% compared to the same quarter last year.

Several research firms have recently issued reports on CHKP. BidaskClub upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Friday. Cleveland Research lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Wells Fargo lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase lowered their target price on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report 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 report on Monday, February 5th. Twenty-two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $113.67.

A number of large investors have recently bought and sold shares of the business. Westport Asset Management Inc. grew its position in Check Point Software Technologies by 34.7% in the 4th quarter. Westport Asset Management Inc. now owns 23,300 shares of the technology company’s stock worth $2,542,000 after purchasing an additional 6,000 shares during the period. Colonial Trust Advisors grew its position in Check Point Software Technologies by 34.2% in the 4th quarter. Colonial Trust Advisors now owns 54,703 shares of the technology company’s stock worth $5,668,000 after purchasing an additional 13,932 shares during the period. Xact Kapitalforvaltning AB grew its position in Check Point Software Technologies by 119.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 10,300 shares of the technology company’s stock worth $1,067,000 after purchasing an additional 5,600 shares during the period. Envestnet Asset Management Inc. grew its position in Check Point Software Technologies by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 188,868 shares of the technology company’s stock worth $19,570,000 after purchasing an additional 5,136 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Check Point Software Technologies by 8.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,400 shares of the technology company’s stock worth $3,357,000 after purchasing an additional 2,400 shares during the period. 67.53% of the stock is owned by institutional investors and hedge funds.

Shares of CHKP stock traded down $0.13 during trading hours on Friday, hitting $102.55. 912,615 shares of the company’s stock traded hands, compared to its average volume of 1,043,473. Check Point Software Technologies has a 12-month low of $95.03 and a 12-month high of $119.20. The firm has a market capitalization of $16,782.32, a price-to-earnings ratio of 20.97, a PEG ratio of 2.01 and a beta of 0.65.

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Check Point Software Technologies Company Profile

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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