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

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) is scheduled to issue 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.Parties that are interested in participating in the company's conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The business had revenue of $663.50 million for the quarter, compared to the consensus estimate of $662.09 million. During the same period last year, the business posted $2.23 EPS. The company's revenue was up 3.9% 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 Trading Up 0.2 %

CHKP stock traded up $0.29 during midday trading on Thursday, hitting $158.38. 616,014 shares of the company's stock were exchanged, compared to its average volume of 709,627. Check Point Software Technologies has a 12-month low of $117.18 and a 12-month high of $168.82. The firm has a 50 day moving average price of $162.32 and a 200-day moving average price of $151.90. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. William Blair upgraded Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a report on Wednesday, January 31st. TD Cowen lifted their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an "outperform" rating in a report on Monday, March 18th. Wedbush restated an "outperform" rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 10th. BMO Capital Markets boosted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their price target on Check Point Software Technologies from $132.00 to $162.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and a consensus price target of $160.16.

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. Voya Financial Advisors Inc. increased its holdings in shares of Check Point Software Technologies by 1.0% during the 4th quarter. Voya Financial Advisors Inc. now owns 6,902 shares of the technology company's stock valued at $1,053,000 after acquiring an additional 70 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Check Point Software Technologies by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,810 shares of the technology company's stock valued at $235,000 after acquiring an additional 90 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Check Point Software Technologies by 5.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,808 shares of the technology company's stock valued at $235,000 after acquiring an additional 100 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Check Point Software Technologies by 0.3% during the 4th quarter. Public Sector Pension Investment Board now owns 33,470 shares of the technology company's stock valued at $5,114,000 after acquiring an additional 100 shares during the last quarter. Finally, MGO One Seven LLC increased its holdings in shares of Check Point Software Technologies by 5.7% during the 4th quarter. MGO One Seven LLC now owns 2,366 shares of the technology company's stock valued at $362,000 after acquiring an additional 128 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

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.