Wall Street analysts expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will report sales of $487.56 million for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Check Point Software Technologies’ earnings, with the highest sales estimate coming in at $490.40 million and the lowest estimate coming in at $485.70 million. Check Point Software Technologies reported sales of $467.77 million in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Check Point Software Technologies will report full year sales of $1.99 billion for the current year, with estimates ranging from $1.90 billion to $2.00 billion. For the next financial year, analysts expect that the business will post sales of $2.08 billion, with estimates ranging from $2.03 billion to $2.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. The firm had revenue of $471.83 million for the quarter, compared to the consensus estimate of $471.16 million. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.

Several research analysts have commented on CHKP shares. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. OTR Global upgraded Check Point Software Technologies to a “positive” rating in a report on Friday, April 12th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Deutsche Bank raised their price objective on Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Finally, Credit Suisse Group restated a “hold” rating and set a $110.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Seventeen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $122.00.

Several large investors have recently made changes to their positions in the company. Weatherstone Capital Management lifted its position in Check Point Software Technologies by 3.2% during the 1st quarter. Weatherstone Capital Management now owns 2,874 shares of the technology company’s stock worth $364,000 after acquiring an additional 88 shares during the period. Eqis Capital Management Inc. lifted its position in Check Point Software Technologies by 0.3% during the 1st quarter. Eqis Capital Management Inc. now owns 38,869 shares of the technology company’s stock worth $4,917,000 after acquiring an additional 99 shares during the period. Moors & Cabot Inc. lifted its position in Check Point Software Technologies by 4.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,350 shares of the technology company’s stock worth $299,000 after acquiring an additional 100 shares during the period. Manchester Capital Management LLC lifted its position in Check Point Software Technologies by 10.5% during the 1st quarter. Manchester Capital Management LLC now owns 1,105 shares of the technology company’s stock worth $140,000 after acquiring an additional 105 shares during the period. Finally, Hartford Investment Management Co. lifted its position in Check Point Software Technologies by 2.1% during the 4th quarter. Hartford Investment Management Co. now owns 5,121 shares of the technology company’s stock worth $526,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 70.09% of the company’s stock.

CHKP traded up $0.53 during trading on Friday, hitting $113.93. 822,833 shares of the stock were exchanged, compared to its average volume of 977,176. The company has a market capitalization of $17.34 billion, a P/E ratio of 21.87, a PEG ratio of 2.42 and a beta of 0.75. Check Point Software Technologies has a 1 year low of $95.67 and a 1 year high of $132.76.

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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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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