Wall Street analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to announce $1.36 earnings per share for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Check Point Software Technologies’ earnings, with the highest EPS estimate coming in at $1.38 and the lowest estimate coming in at $1.33. Check Point Software Technologies reported earnings per share of $1.30 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The company is expected to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Check Point Software Technologies will report full-year earnings of $5.66 per share for the current fiscal year, with EPS estimates ranging from $5.59 to $5.71. For the next financial year, analysts forecast that the business will post earnings of $6.10 per share, with EPS estimates ranging from $5.81 to $6.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 25th. The technology company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.18. The company had revenue of $467.80 million during the quarter, compared to the consensus estimate of $461.32 million. Check Point Software Technologies had a return on equity of 22.98% and a net margin of 43.43%. Check Point Software Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

CHKP has been the subject of a number of recent research reports. BTIG Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. OTR Global upgraded Check Point Software Technologies to a “positive” rating in a research report on Friday, July 6th. Oppenheimer boosted their target price on Check Point Software Technologies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. Finally, Deutsche Bank dropped their target price on Check Point Software Technologies from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Wednesday, April 25th. Twenty-one equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $114.19.

A number of institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in Check Point Software Technologies by 11.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,816,985 shares of the technology company’s stock worth $1,349,645,000 after purchasing an additional 1,405,305 shares during the period. BlackRock Inc. increased its stake in Check Point Software Technologies by 1.0% in the 2nd quarter. BlackRock Inc. now owns 5,227,074 shares of the technology company’s stock worth $510,581,000 after purchasing an additional 53,263 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in Check Point Software Technologies by 2.9% in the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,045,000 shares of the technology company’s stock worth $492,644,000 after purchasing an additional 140,000 shares during the period. FIL Ltd increased its stake in Check Point Software Technologies by 50.4% in the 1st quarter. FIL Ltd now owns 2,590,559 shares of the technology company’s stock worth $257,346,000 after purchasing an additional 868,345 shares during the period. Finally, Flossbach Von Storch AG increased its stake in Check Point Software Technologies by 1,455.9% in the 2nd quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock worth $242,921,000 after purchasing an additional 2,327,068 shares during the period. 65.02% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CHKP traded down $0.13 during mid-day trading on Monday, reaching $114.81. The stock had a trading volume of 481,700 shares, compared to its average volume of 1,308,833. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 2.27 and a beta of 0.62. Check Point Software Technologies has a one year low of $93.76 and a one year high of $119.20.

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 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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