Check Point Software Technologies (CHKP) Scheduled to Post Quarterly Earnings on Thursday

Check Point Software Technologies (NASDAQ:CHKP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.95-$2.05 EPS and its FY24 guidance at $8.70-$9.30 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.23 earnings per share. On average, analysts expect Check Point Software Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Check Point Software Technologies Price Performance

CHKP opened at $158.09 on Thursday. The firm has a market cap of $19.09 billion, a P/E ratio of 22.20, a PEG ratio of 2.55 and a beta of 0.61. Check Point Software Technologies has a 1-year low of $117.18 and a 1-year high of $168.82. The company has a 50 day simple moving average of $162.32 and a two-hundred day simple moving average of $151.90.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $28,000. Providence Capital Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter valued at $60,000. Brown Brothers Harriman & Co. raised its stake in shares of Check Point Software Technologies by 75.3% in the first quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock valued at $79,000 after acquiring an additional 244 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at $88,000. Finally, State of Wyoming raised its stake in shares of Check Point Software Technologies by 1,512.5% in the second quarter. State of Wyoming now owns 903 shares of the technology company’s stock valued at $113,000 after acquiring an additional 847 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHKP shares. Susquehanna upped their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, February 7th. Mizuho reiterated a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Royal Bank of Canada upped their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. UBS Group upped their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $160.16.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.