Check Point Software Technologies (CHKP) Projected to Post Earnings on Wednesday

Check Point Software Technologies (NASDAQ:CHKP) is projected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Check Point Software Technologies to post earnings of $2.65 per share and revenue of $698,705.87 billion for the quarter. Check Point Software Technologies has set its Q4 guidance at $2.60-2.70 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the firm posted $1.80 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect Check Point Software Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $194.48 on Monday. The stock has a 50 day moving average price of $185.60 and a 200 day moving average price of $186.57. The stock has a market cap of $21.39 billion, a PE ratio of 26.57, a P/E/G ratio of 3.05 and a beta of 0.63. Check Point Software Technologies has a one year low of $145.75 and a one year high of $210.70.

Analyst Ratings Changes

Several research analysts have recently commented on CHKP shares. Mizuho lifted their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Barclays reduced their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eighteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $203.05.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.