Check Point Software Technologies Ltd. to Post Q3 2024 Earnings of $1.92 Per Share, William Blair Forecasts (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Investment analysts at William Blair dropped their Q3 2024 earnings per share estimates for shares of Check Point Software Technologies in a report issued on Wednesday, July 24th. William Blair analyst J. Ho now forecasts that the technology company will post earnings per share of $1.92 for the quarter, down from their previous estimate of $1.95. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.80 per share.

Other analysts have also recently issued research reports about the company. Susquehanna raised their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Jefferies Financial Group raised their price objective on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird raised their price objective on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus lowered their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $183.68.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $182.43 on Monday. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.87 and a beta of 0.62. Check Point Software Technologies has a 1-year low of $125.68 and a 1-year high of $186.75. The business has a fifty day moving average price of $163.11 and a 200-day moving average price of $160.66.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors have recently modified their holdings of CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $30,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $31,000. Richardson Financial Services Inc. purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $33,000. Y.D. More Investments Ltd increased its stake in shares of Check Point Software Technologies by 37.0% in the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after purchasing an additional 135 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

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.