Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 2.100-2.200 for the period. The company issued revenue guidance of $607.0 million-$637.0 million.
Check Point Software Technologies Price Performance
CHKP stock traded down $1.75 during midday trading on Friday, reaching $151.20. The company had a trading volume of 1,275,456 shares, compared to its average volume of 732,373. Check Point Software Technologies has a 1 year low of $117.18 and a 1 year high of $168.82. The company has a market capitalization of $18.26 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.61 and a beta of 0.61. The firm has a 50-day moving average price of $161.64 and a 200-day moving average price of $152.78.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts' consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The company had revenue of $598.80 million for the quarter, compared to analysts' expectations of $595.28 million. On average, equities analysts predict that Check Point Software Technologies will post 7.85 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on CHKP shares. Stifel Nicolaus dropped their target price on Check Point Software Technologies from $170.00 to $165.00 and set a hold rating for the company in a report on Friday. Wedbush reissued an outperform rating and set a $185.00 price target on shares of Check Point Software Technologies in a research report on Friday. Barclays boosted their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an equal weight rating in a research report on Friday. UBS Group increased their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Finally, Mizuho reaffirmed a neutral rating and set a $160.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $164.00.
Get Our Latest Research Report on CHKP
About Check Point Software Technologies
(
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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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