$487.56 Million in Sales Expected for Check Point Software Technologies Ltd. (NASDAQ:CHKP) This Quarter

Wall Street brokerages expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will announce 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 estimates ranging from $485.70 million to $490.40 million. Check Point Software Technologies reported sales of $467.77 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The business is expected to announce its next earnings results before the market opens on Wednesday, July 24th.

On average, analysts expect that Check Point Software Technologies will report full-year sales of $1.99 billion for the current financial year, with estimates ranging from $1.98 billion to $2.00 billion. For the next financial year, analysts forecast that the company will report sales of $2.08 billion, with estimates ranging from $2.03 billion to $2.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Check Point Software Technologies.

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



Several equities research analysts have commented on the stock. OTR Global upgraded shares of Check Point Software Technologies to a “positive” rating in a research report on Friday, April 12th. Mizuho assumed coverage on shares of Fortinet in a research report on Tuesday, March 26th. They issued a “neutral” rating and a $90.00 price target on the stock. Northland Securities assumed coverage on shares of Boingo Wireless in a research report on Monday, April 22nd. They issued a “buy” rating and a $30.00 price target on the stock. BidaskClub upgraded shares of DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 13th. Finally, BMO Capital Markets set a $44.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Seventeen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $122.00.

Check Point Software Technologies stock traded down $0.36 during midday trading on Thursday, hitting $119.38. The company’s stock had a trading volume of 27,340 shares, compared to its average volume of 936,729. The business’s 50-day simple moving average is $114.54. Check Point Software Technologies has a 12 month low of $98.57 and a 12 month high of $132.76. The firm has a market capitalization of $18.21 billion, a P/E ratio of 22.93, a PEG ratio of 2.45 and a beta of 0.78.

A number of institutional investors and hedge funds have recently modified their holdings of CHKP. BNP Paribas Arbitrage SA grew its stake in Check Point Software Technologies by 103.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 110,288 shares of the technology company’s stock valued at $13,950,000 after acquiring an additional 55,951 shares in the last quarter. Suntrust Banks Inc. grew its stake in Check Point Software Technologies by 2.6% during the 4th quarter. Suntrust Banks Inc. now owns 21,103 shares of the technology company’s stock valued at $2,166,000 after acquiring an additional 526 shares in the last quarter. Trinity Legacy Partners LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $215,000. One Wealth Advisors LLC grew its stake in Check Point Software Technologies by 5.3% during the 4th quarter. One Wealth Advisors LLC now owns 3,000 shares of the technology company’s stock valued at $308,000 after acquiring an additional 151 shares in the last quarter. Finally, Neuburgh Advisers LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $102,000. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

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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