Wedbush Has Bearish Outlook for CHKP FY2025 Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) - Analysts at Wedbush reduced their FY2025 EPS estimates for Check Point Software Technologies in a research report issued to clients and investors on Thursday, April 24th. Wedbush analyst D. Ives now anticipates that the technology company will post earnings of $8.56 per share for the year, down from their previous forecast of $8.69. Wedbush currently has a "Outperform" rating and a $240.00 price objective on the stock. The consensus estimate for Check Point Software Technologies' current full-year earnings is $8.61 per share. Wedbush also issued estimates for Check Point Software Technologies' Q1 2026 earnings at $2.01 EPS and Q3 2026 earnings at $2.29 EPS.

Several other brokerages have also recently weighed in on CHKP. Mizuho lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their target price for the company from $230.00 to $260.00 in a report on Thursday, March 27th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Finally, Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $3.09 on Monday, reaching $217.12. The stock had a trading volume of 132,990 shares, compared to its average volume of 772,441. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a market cap of $23.88 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm has a fifty day moving average of $220.20 and a two-hundred day moving average of $202.24.

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, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same period in the prior year, the firm earned $2.04 EPS. The business's revenue was up 6.5% on a year-over-year basis.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently made changes to their positions in CHKP. Gitterman Wealth Management LLC grew its position in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares during the period. TD Waterhouse Canada Inc. increased its stake in Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Check Point Software Technologies by 19.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after purchasing an additional 55 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after purchasing an additional 56 shares in the last quarter. Finally, 3Chopt Investment Partners LLC grew its stake in shares of Check Point Software Technologies by 0.3% in the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock valued at $4,461,000 after buying an additional 56 shares during the period. Institutional investors own 98.51% of the company's stock.

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.