Check Point Software Technologies (NASDAQ:CHKP) Releases Q4 Earnings Guidance

Check Point Software Technologies (NASDAQ:CHKP) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.60-2.70 for the period, compared to the consensus estimate of $2.65. The company issued revenue guidance of $675-715 million, compared to the consensus revenue estimate of $701.63 million.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Barclays boosted their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $196.33.

Check Point Software Technologies Trading Down 13.4 %

Shares of NASDAQ:CHKP opened at $180.01 on Tuesday. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.17 and a beta of 0.62. The stock has a fifty day simple moving average of $195.73 and a two-hundred day simple moving average of $174.56. Check Point Software Technologies has a 12-month low of $126.57 and a 12-month high of $210.70.

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.