Wall Street analysts forecast that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will post $1.12 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.10 and the highest is $1.15. Check Point Software Technologies reported earnings of $1.01 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The business is scheduled to report its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Check Point Software Technologies will report full-year earnings of $4.71 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $4.79. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.15 per share, with EPS estimates ranging from $4.87 to $5.38. Zacks’ EPS 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 released its quarterly earnings results on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share.

Several analysts have recently commented on CHKP shares. Morgan Stanley upgraded shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $87.00 to $107.00 in a research report on Tuesday, April 18th. BMO Capital Markets restated a “market perform” rating and set a $116.00 price objective (up from $110.00) on shares of Check Point Software Technologies in a research report on Friday, April 21st. Cleveland Research upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. BTIG Research restated a “buy” rating and set a $118.00 price objective on shares of Check Point Software Technologies in a research report on Monday, April 24th. Finally, Robert W. Baird restated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, April 27th. Eighteen analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $109.25.

Check Point Software Technologies (NASDAQ:CHKP) opened at 106.83 on Tuesday. The stock has a 50 day moving average of $110.64 and a 200 day moving average of $105.17. The company has a market cap of $17.45 billion, a PE ratio of 23.70 and a beta of 0.72. Check Point Software Technologies has a 12-month low of $74.34 and a 12-month high of $116.63.

Several hedge funds have recently bought and sold shares of CHKP. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock worth $151,000 after buying an additional 20 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock worth $153,000 after buying an additional 371 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in Check Point Software Technologies during the first quarter worth approximately $154,000. IFP Advisors Inc boosted its position in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

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Check Point Software Technologies Company Profile

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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