Check Point Software Technologies - CHKP Stock Forecast, Price & News

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. The company also offers security gateways and software platforms that support small and medium sized business (SMB) to large enterprise data center and telco-grade environments; and threat prevention technologies and zero-day protections. In addition, the company provides cloud network security, security and posture management, cloud workload protection, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Further, the company provides technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through multiple distribution channels, including distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel.

Check Point Software Technologies Trading Up 2.6 %

NASDAQ:CHKP opened at $125.80 on Wednesday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.66 and a beta of 0.60. The company has a 50 day moving average of $122.77 and a 200-day moving average of $129.37. Check Point Software Technologies has a 1-year low of $107.85 and a 1-year high of $149.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Rating) last issued its quarterly earnings results on Monday, August 1st. The technology company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.02. The business had revenue of $571.10 million during the quarter, compared to analyst estimates of $560.40 million. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. Check Point Software Technologies's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 earnings per share. On average, analysts forecast that Check Point Software Technologies will post 6.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group decreased their price target on Check Point Software Technologies from $145.00 to $130.00 in a research note on Monday, May 23rd. Barclays cut their price objective on Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. Wells Fargo & Company decreased their target price on shares of Check Point Software Technologies from $144.00 to $130.00 in a report on Thursday, April 28th. Bank of America upgraded shares of Check Point Software Technologies from an "underperform" rating to a "buy" rating and raised their target price for the stock from $130.00 to $140.00 in a report on Wednesday, July 20th. Finally, BMO Capital Markets decreased their target price on shares of Check Point Software Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday, August 2nd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $138.00.