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$1.07 EPS Expected for Check Point Software Technologies Ltd. (CHKP) This Quarter

Check Point Software Technologies logoEquities research analysts predict that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will announce $1.07 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Check Point Software Technologies’ earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.05. Check Point Software Technologies posted earnings per share of $0.97 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The business is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 27th.

According to Zacks, analysts expect that Check Point Software Technologies will report full year earnings of $4.71 per share for the current year, with EPS estimates ranging from $4.66 to $4.78. For the next year, analysts forecast that the business will post earnings of $5.18 per share, with EPS estimates ranging from $4.93 to $5.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, January 19th. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.25 by $0.21. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. The business had revenue of $487 million for the quarter, compared to the consensus estimate of $478.07 million. During the same period last year, the company earned $1.20 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year.

CHKP has been the topic of several analyst reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $99.00 price target on shares of Check Point Software Technologies in a research report on Tuesday, December 20th. BMO Capital Markets initiated coverage on Check Point Software Technologies in a research report on Thursday, January 5th. They set a “market perform” rating and a $95.00 price target on the stock. Wells Fargo & Co initiated coverage on Check Point Software Technologies in a research report on Wednesday, January 11th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating and set a $101.00 price objective on the stock in a research report on Thursday, January 12th. Finally, OTR Global upgraded shares of Check Point Software Technologies to a “positive” rating in a research report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Check Point Software Technologies currently has a consensus rating of “Buy” and an average target price of $101.36.

Check Point Software Technologies (NASDAQ:CHKP) traded down 0.42% on Wednesday, reaching $103.10. 1,253,959 shares of the company’s stock traded hands. The firm’s 50-day moving average is $101.64 and its 200 day moving average is $90.84. Check Point Software Technologies has a 12 month low of $74.34 and a 12 month high of $104.64. The firm has a market cap of $17.24 billion, a PE ratio of 24.67 and a beta of 0.87.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHKP. Financial Architects Inc boosted its position in shares of Check Point Software Technologies by 95.3% in the third quarter. Financial Architects Inc now owns 1,500 shares of the company’s stock valued at $117,000 after buying an additional 732 shares during the last quarter. Parallel Advisors LLC bought a new position in Check Point Software Technologies during the fourth quarter worth $123,000. Johnson Financial Group Inc. boosted its position in Check Point Software Technologies by 209.5% in the fourth quarter. Johnson Financial Group Inc. now owns 1,625 shares of the company’s stock worth $137,000 after buying an additional 1,100 shares during the last quarter. Edmond DE Rothschild Monaco bought a new position in Check Point Software Technologies during the third quarter worth $145,000. Finally, Trust Co. of Vermont boosted its position in Check Point Software Technologies by 3.5% in the third quarter. Trust Co. of Vermont now owns 1,920 shares of the company’s stock worth $149,000 after buying an additional 65 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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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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