Equities research analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to announce $449.39 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest sales estimate is $439.21 million and the highest is $457.90 million. Check Point Software Technologies reported sales of $427.57 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Check Point Software Technologies will report full-year sales of $449.39 million for the current financial year, with estimates ranging from $1.85 billion to $1.88 billion. For the next year, analysts expect that the firm will post sales of $2.00 billion per share, with estimates ranging from $1.97 billion to $2.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. The firm had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $1.09 EPS.

CHKP has been the topic of a number of recent analyst reports. BidaskClub cut Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reiterated a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, July 21st. Argus reiterated a “buy” rating and issued a $124.00 price objective (up from $115.00) on shares of Check Point Software Technologies in a report on Tuesday, July 25th. Zacks Investment Research cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Northland Securities reissued a “hold” rating and issued a $120.00 target price on shares of Check Point Software Technologies in a research report on Friday, June 30th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $110.67.

Institutional investors have recently modified their holdings of the company. BB&T Investment Services Inc. purchased a new position in shares of Check Point Software Technologies during the second quarter worth approximately $100,000. Acrospire Investment Management LLC increased its position in shares of Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after buying an additional 600 shares during the last quarter. Fiduciary Trust Co. purchased a new position in shares of Check Point Software Technologies during the second quarter worth approximately $145,000. Tower Research Capital LLC TRC purchased a new position in shares of Check Point Software Technologies during the second quarter worth approximately $155,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of 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 during the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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Shares of Check Point Software Technologies (NASDAQ CHKP) opened at 108.71 on Monday. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 24.12 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. The stock has a 50 day moving average price of $108.73 and a 200-day moving average price of $106.30.

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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