Equities analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report $452.74 million in sales for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Check Point Software Technologies’ earnings. The lowest sales estimate is $450.09 million and the highest is $457.20 million. Check Point Software Technologies posted sales of $435.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Check Point Software Technologies will report full-year sales of $452.74 million for the current year, with estimates ranging from $1.93 billion to $1.97 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.05 billion per share, with estimates ranging from $1.99 billion to $2.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Check Point Software Technologies.
Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company had revenue of $506.00 million for the quarter, compared to the consensus estimate of $508.66 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation lifted its stake in Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Check Point Software Technologies during the fourth quarter worth $130,000. Segall Bryant & Hamill LLC bought a new stake in Check Point Software Technologies during the third quarter worth $201,000. We Are One Seven LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at $201,000. Finally, Montag A & Associates Inc. bought a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Shares of Check Point Software Technologies (NASDAQ CHKP) opened at $106.39 on Tuesday. The stock has a market capitalization of $17,390.00, a P/E ratio of 22.07, a P/E/G ratio of 2.08 and a beta of 0.54. Check Point Software Technologies has a 12-month low of $95.03 and a 12-month high of $119.20.
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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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