Check Point Software Technologies Ltd. (CHKP) Scheduled to Post Earnings on Thursday
Check Point Software Technologies Ltd. (NASDAQ:CHKP) is set to issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Check Point Software Technologies has set its Q2 guidance at $1.17-1.25 EPS and its FY17 guidance at $5.05-5.25 EPS.
Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 27th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03. The firm had revenue of $435.50 million during the quarter, compared to analyst estimates of $432.41 million. Check Point Software Technologies had a net margin of 41.75% and a return on equity of 21.53%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.06 EPS. On average, analysts expect Check Point Software Technologies to post $5.17 EPS for the current fiscal year and $5.65 EPS for the next fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded down 0.42% during midday trading on Thursday, hitting $114.01. 658,311 shares of the stock traded hands. The stock has a 50-day moving average of $111.10 and a 200 day moving average of $101.20. The firm has a market cap of $18.82 billion, a PE ratio of 26.43 and a beta of 0.73. Check Point Software Technologies Ltd. has a 52-week low of $74.34 and a 52-week high of $115.87.
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A number of brokerages recently issued reports on CHKP. Zacks Investment Research lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $115.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, July 4th. BidaskClub raised shares of Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Northland Securities reissued a “hold” rating and issued a $120.00 price objective on shares of Check Point Software Technologies in a report on Friday, June 30th. Finally, Vetr raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price objective for the company in a report on Monday, June 12th. Seventeen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $108.07.
About Check Point Software Technologies
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
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