Check Point Software Technologies (CHKP) Stock Forecast, Price & News

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last twelve months. There are currently 3 sell ratings, 15 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CHKP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHKP, but not buy additional shares or sell existing shares.
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25 brokers have issued 1-year price targets for Check Point Software Technologies' shares. Their CHKP share price forecasts range from $105.00 to $160.00. On average, they anticipate the company's share price to reach $133.91 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price.
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Check Point Software Technologies' stock was trading at $126.16 at the beginning of the year. Since then, CHKP stock has decreased by 1.8% and is now trading at $123.95.
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Check Point Software Technologies saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,820,000 shares, an increase of 23.9% from the April 30th total of 3,890,000 shares. Based on an average daily volume of 844,300 shares, the short-interest ratio is presently 5.7 days. Approximately 5.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Check Point Software Technologies Ltd. (NASDAQ:CHKP) released its quarterly earnings results on Monday, May, 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.31. The technology company had revenue of $566.20 million for the quarter, compared to analyst estimates of $568.83 million. Check Point Software Technologies had a trailing twelve-month return on equity of 28.35% and a net margin of 34.49%. Check Point Software Technologies's revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS.

ETFs with the largest weight of Check Point Software Technologies (NASDAQ:CHKP) stock in their portfolio include iShares MSCI Israel ETF (EIS), BlueStar Israel Technology ETF (ITEQ), VanEck Israel ETF (ISRA), Global X Cybersecurity ETF (BUG), ETFMG Prime Cyber Security ETF (HACK), Gabelli Automation ETF (GAST), iShares Cybersecurity and Tech ETF (IHAK) and First Trust Nasdaq Cybersecurity ETF (CIBR).

Check Point Software Technologies issued an update on its second quarter 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.88. The company issued revenue guidance of $570.00 million-$605.00 million, compared to the consensus revenue estimate of $595.83 million.

874 employees have rated Check Point Software Technologies Chief Executive Officer Gil Shwed on Glassdoor.com. Gil Shwed has an approval rating of 81% among the company's employees. 79.0% of employees surveyed would recommend working at Check Point Software Technologies to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Check Point Software Technologies investors own include NVIDIA (NVDA), Cisco Systems (CSCO), Broadcom (AVGO), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Intel (INTC), QUALCOMM (QCOM), Adobe (ADBE) and PayPal (PYPL).

Check Point Software Technologies trades on the NASDAQ under the ticker symbol "CHKP."

Check Point Software Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.93%), Acadian Asset Management LLC (3.81%), Ninety One UK Ltd (3.00%), Boston Partners (2.48%), Nordea Investment Management AB (2.11%) and State Street Corp (1.76%).

Shares of CHKP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHKP stock can currently be purchased for approximately $123.95.

Check Point Software Technologies (NASDAQ:CHKP) has a market capitalization of $14.97 billion and generates $2.33 billion in revenue each year. The technology company earns $796.90 million in net income (profit) each year or $6.55 on an earnings per share basis.

The company employs 6,026 workers across the globe.

Check Point Software Technologies' mailing address is 5 SHLOMO KAPLAN STREET, TEL AVIV L3, 6789159. The official website for the company is www.checkpoint.com. The technology company can be reached via phone at (723) 753-4555, via email at kip@checkpoint.com, or via fax at 972-3575-9256.