Wall Street brokerages expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to post sales of $542.22 million for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Check Point Software Technologies’ earnings, with the lowest sales estimate coming in at $527.00 million and the highest estimate coming in at $548.70 million. Check Point Software Technologies reported sales of $525.56 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings report on Wednesday, January 29th.

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 $1.98 billion to $2.00 billion. For the next financial year, analysts anticipate that the company will report sales of $2.07 billion, with estimates ranging from $2.03 billion to $2.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Monday, October 28th. The technology company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.04. The business had revenue of $490.91 million for the quarter, compared to analyst estimates of $490.94 million. Check Point Software Technologies had a net margin of 40.05% and a return on equity of 21.86%. Check Point Software Technologies’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS.

CHKP has been the subject of several recent research reports. OTR Global reiterated a “negative” rating on shares of Check Point Software Technologies in a research note on Monday, October 14th. William Blair reiterated an “outperform” rating on shares of Check Point Software Technologies in a research note on Tuesday, October 29th. BidaskClub downgraded shares of Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 7th. Goldman Sachs Group initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday, November 12th. They issued a “neutral” rating and a $123.00 target price for the company. Finally, Northland Securities reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $118.72.

Shares of CHKP traded up $0.37 during trading hours on Monday, hitting $116.77. The company’s stock had a trading volume of 25,187 shares, compared to its average volume of 1,107,267. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.48 and a beta of 0.78. The business has a 50 day simple moving average of $110.63 and a two-hundred day simple moving average of $112.61. Check Point Software Technologies has a 52-week low of $98.57 and a 52-week high of $132.76.

Several large investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its stake in shares of Check Point Software Technologies by 24.8% during the second quarter. Schroder Investment Management Group now owns 2,390,128 shares of the technology company’s stock worth $276,323,000 after acquiring an additional 474,495 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its position in Check Point Software Technologies by 7.3% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 5,238,000 shares of the technology company’s stock worth $573,561,000 after buying an additional 358,000 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Check Point Software Technologies during the second quarter worth $30,769,000. Altshuler Shaham Ltd increased its position in Check Point Software Technologies by 21.3% during the second quarter. Altshuler Shaham Ltd now owns 1,513,667 shares of the technology company’s stock worth $174,995,000 after buying an additional 265,646 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in Check Point Software Technologies during the second quarter worth $29,645,000. 68.40% of the stock is currently owned by hedge funds and other institutional investors.

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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