CHKP FY2025 EPS Forecast Lowered by Cantor Fitzgerald

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) - Equities researchers at Cantor Fitzgerald dropped their FY2025 EPS estimates for Check Point Software Technologies in a note issued to investors on Thursday, April 24th. Cantor Fitzgerald analyst J. Ruykhaver now expects that the technology company will post earnings of $8.59 per share for the year, down from their prior forecast of $8.63. Cantor Fitzgerald has a "Neutral" rating and a $200.00 price objective on the stock. The consensus estimate for Check Point Software Technologies' current full-year earnings is $8.61 per share.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same quarter in the prior year, the business earned $2.04 EPS. Check Point Software Technologies's quarterly revenue was up 6.5% compared to the same quarter last year.

Several other brokerages have also recently commented on CHKP. Barclays increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Truist Financial reiterated a "buy" rating and issued a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Stephens decreased their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Scotiabank cut their target price on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Price Performance

CHKP traded up $4.26 on Monday, reaching $219.56. The company's stock had a trading volume of 899,658 shares, compared to its average volume of 774,463. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $234.36. The business's 50 day moving average is $220.17 and its 200 day moving average is $202.07. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. World Investment Advisors lifted its stake in Check Point Software Technologies by 4.4% in the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock worth $5,609,000 after purchasing an additional 1,278 shares in the last quarter. Crux Wealth Advisors bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $542,000. Truist Financial Corp increased its position in Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after purchasing an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies during the fourth quarter valued at $476,000. 98.51% of the stock is currently owned by institutional investors.

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.