Check Point Software Technologies (NASDAQ:CHKP) Issues Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Check Point Software Technologies reported earnings of $2.37 per share, surpassing analysts' expectations of $2.36 and showing a year-over-year increase from $2.17 EPS.
• The company's revenue for the quarter reached $665.20 million, exceeding the anticipated $663.10 million, marking a 6.0% increase year-over-year.
• Following the earnings release, Check Point's stock rose by 1.7%, trading at $189.33, while also prompting updated guidance for FY 2025 EPS of 9.600-10.200.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.01, Briefing.com reports. The business had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.35%. The business's revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. Check Point Software Technologies updated its FY 2025 guidance to 9.600-10.200 EPS and its Q3 2025 guidance to 2.400-2.500 EPS.

Check Point Software Technologies Stock Up 1.7%

Check Point Software Technologies stock traded up $3.13 during trading hours on Friday, hitting $189.33. 389,946 shares of the company traded hands, compared to its average volume of 918,310. The firm has a market cap of $20.82 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.67 and a beta of 0.64. The firm's 50-day simple moving average is $221.33 and its two-hundred day simple moving average is $217.87. Check Point Software Technologies has a 1-year low of $169.01 and a 1-year high of $234.35.

Hedge Funds Weigh In On Check Point Software Technologies

An institutional investor recently bought a new position in Check Point Software Technologies stock. AQR Capital Management LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,151 shares of the technology company's stock, valued at approximately $262,000. Institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CHKP shares. Jefferies Financial Group reissued a "buy" rating and set a $230.00 price objective (down from $260.00) on shares of Check Point Software Technologies in a report on Thursday. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a report on Thursday. Morgan Stanley decreased their price objective on shares of Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.08.

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.

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