Check Point Software Technologies (CHKP) Expected to Announce Quarterly Earnings on Wednesday

Check Point Software Technologies (NASDAQ:CHKP) will likely be issuing its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.65 per share and revenue of $698,705.87 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the business earned $1.80 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. 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 Stock Up 1.9 %

NASDAQ:CHKP opened at $198.20 on Tuesday. The stock has a market cap of $21.80 billion, a P/E ratio of 27.08, a PEG ratio of 3.05 and a beta of 0.63. The business’s 50-day moving average price is $185.60 and its two-hundred day moving average price is $186.68. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $210.70.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHKP shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Mizuho lifted their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Evercore ISI raised their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Eighteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $203.05.

About Check Point Software Technologies

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.