FY2025 EPS Estimates for CHKP Raised by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has raised its earnings per share estimate for Check Point Software Technologies (CHKP) for FY2025 to $8.60, slightly above the previous estimate of $8.59.
• Check Point's recent quarterly earnings report showed a 6.0% year-over-year revenue increase, with earnings per share of $2.37, beating analysts' expectations.
• Current analyst ratings for CHKP include a consensus of "Moderate Buy", with price targets ranging from $200.00 to $250.00.

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) - Investment analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for Check Point Software Technologies in a report released on Thursday, July 31st. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the technology company will post earnings per share of $8.60 for the year, up from their prior forecast of $8.59. Cantor Fitzgerald currently has a "Neutral" rating and a $220.00 target price on the stock. The consensus estimate for Check Point Software Technologies' current full-year earnings is $8.61 per share. Cantor Fitzgerald also issued estimates for Check Point Software Technologies' FY2026 earnings at $9.39 EPS.

CHKP has been the topic of a number of other reports. Royal Bank Of Canada dropped their price target on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Wedbush reissued an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. BMO Capital Markets restated an "outperform" rating and issued a $250.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Scotiabank set a $220.00 price target on Check Point Software Technologies and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley cut their price target on Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.08.

Check Point Software Technologies Trading Down 1.4%

Shares of CHKP stock traded down $2.66 during midday trading on Friday, reaching $190.11. 509,893 shares of the stock were exchanged, compared to its average volume of 929,195. Check Point Software Technologies has a 1 year low of $169.01 and a 1 year high of $234.35. The company's 50 day moving average is $219.84 and its two-hundred day moving average is $218.40. The firm has a market cap of $20.91 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the previous year, the business earned $2.17 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $29,000. Horizon Investments LLC grew its stake in shares of Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after acquiring an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies during the first quarter worth $37,000. Finally, Quarry LP boosted its stake in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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.