Wall Street brokerages expect that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will report sales of $508.60 million for the current quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Check Point Software Technologies’ earnings, with estimates ranging from $504.00 million to $516.67 million. Check Point Software Technologies posted sales of $486.71 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, January 18th.

On average, analysts expect that Check Point Software Technologies will report full-year sales of $508.60 million for the current year, with estimates ranging from $1.85 billion to $1.87 billion. For the next fiscal year, analysts expect that the company will post sales of $1.98 billion per share, with estimates ranging from $1.95 billion to $2.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Check Point Software Technologies.

Several research analysts have recently commented on the company. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, August 11th. Northland Securities reiterated a “hold” rating and set a $120.00 target price on shares of Check Point Software Technologies in a research report on Thursday, September 28th. Royal Bank Of Canada cut their target price on Check Point Software Technologies from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 1st. UBS increased their target price on Check Point Software Technologies from $108.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $108.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Friday, October 6th. Twenty equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.60.

Check Point Software Technologies (NASDAQ:CHKP) opened at $102.06 on Thursday. Check Point Software Technologies has a 12 month low of $80.78 and a 12 month high of $119.20. The company has a market capitalization of $17,034.02, a PE ratio of 21.94, a PEG ratio of 2.24 and a beta of 0.67.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westport Asset Management Inc. grew its holdings in Check Point Software Technologies by 21.0% during the 3rd quarter. Westport Asset Management Inc. now owns 17,300 shares of the technology company’s stock valued at $1,887,000 after buying an additional 3,000 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Check Point Software Technologies by 10.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,655,376 shares of the technology company’s stock valued at $188,746,000 after buying an additional 153,197 shares in the last quarter. California Public Employees Retirement System grew its holdings in Check Point Software Technologies by 3.1% during the 3rd quarter. California Public Employees Retirement System now owns 377,943 shares of the technology company’s stock valued at $43,093,000 after buying an additional 11,243 shares in the last quarter. AlphaStar Capital Management LLC purchased a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $302,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Check Point Software Technologies by 51.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,253 shares of the technology company’s stock valued at $599,000 after buying an additional 1,786 shares in the last quarter.

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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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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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