Check Point Software Technologies Company Profile (NASDAQ:CHKP)

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

Check Point Software Technologies Ltd. (NASDAQ:CHKP) posted its quarterly earnings data on Thursday, July, 20th. The company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.22 by $0.04. The business earned $458.60 million during the quarter, compared to the consensus estimate of $454.62 million. Check Point Software Technologies had a return on equity of 22.12% and a net margin of 42.17%. The company's revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. View Check Point Software Technologies' Earnings History.

Check Point Software Technologies updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $5.05-5.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.18. The company issued revenue guidance of $1.85-1.90 billion, compared to the consensus revenue estimate of $1.87 billion.Check Point Software Technologies also updated its Q2 guidance to $1.17-1.25 EPS.

31 brokerages have issued twelve-month target prices for Check Point Software Technologies' stock. Their forecasts range from $83.00 to $132.00. On average, they anticipate Check Point Software Technologies' share price to reach $108.27 in the next twelve months. View Analyst Ratings for Check Point Software Technologies.

Here are some recent quotes from research analysts about Check Point Software Technologies stock:

• 1. According to Zacks Investment Research, "Check Point has evolved into a well-known provider of information technology (IT) security solutions across the world. We believe that the rapid adoption of Check Point’s data center appliances and continuous enhancements in data center product lines will provide ample support to its top line. The company’s focus on enhancing mobile capabilities will aid it to tap greater larger opportunities. Furthermore, Check Point’s strategy of growing through acquisitions is praiseworthy. Notably, the stock has outperformed the broader market over the last one year. Nonetheless, changing customer spending behavior remains a near-term concern. Intensifying competition and an uncertain macroeconomic environment add to its woes." (7/4/2017)
• 2. Robert W. Baird analysts commented, "We view the recent product updates as a positive and would look for increased traction to get more constructive on the shares. FQ1 results. Revenue of $435 million was up 8% YoY and slightly above consensus of $432 million. Non-GAAP EPS of $1.20 was also modestly above consensus of $1.18. Non-GAAP operating profit of 53.5% was down 120bps QoQ and 180 bps YoY due to increases in R&D and, more so, S&M. FQ2 guidance. Management expects FQ2 revenue/non-GAAP EPS in the range of $440-$465 million/$1.17-$1.25; roughly in line with consensus of $454 million/$1.23." (4/27/2017)
• 3. Stifel Nicolaus analysts commented, "Prior to the market open on Thursday, January 19, Check Point Software Technologies released 4Q16 results that came in meaningfully ahead of Street expectations across all major financial metrics. Strong demand for Check Point's new family of appliances (which now makes up >85% of appliance revenue) persisted through Q4, driving a sequential acceleration in software blades revenue growth and a sequential re-acceleration in appliance revenue growth, a metric that both we and the Street expected to decelerate during the period. However, it remains unclear the degree to which new customer acquisitions have contributed to this growth (the company has not provided any specific data regarding this), leading us to conservatively conclude that this growth in newer appliances is being sourced primarily from existing customers transitioning away from legacy deployments. Additionally, management noted that while its utilization of discounting on maintenance contracts slowed to a degree during the period, it did continue through year-end, a trend that we believe could limit growth in maintenance revenues through 1H17, at a minimum. We reiterate our Hold rating but are raising our target price to $94 on common shares of Check Point." (1/20/2017)
• 4. Instinet analysts commented, "Check Point announced 4Q'16 results, with billings growth of 12% yoy, above our estimate and above the 7% growth in the September quarter on a tougher yoy compare. We continue to have longer-term concerns about competitive pressures in the network security market, but we believe Check Point will be able to continue to report yoy billings growth in the mid- to high-single-digit range given its large and sticky installed base as well as its ability to be a fast follower of new security trends. We maintain our Buy rating on an attractive uFCF yield of near 9% on CY'18E numbers. FY17E EPS from $5.01 to $5.25; FY18E EPS from $5.55 to $5.85." (1/20/2017)

Some companies that are related to Check Point Software Technologies include Autodesk (ADSK), Symantec Corporation (SYMC), Mobileye N.V. (MBLY), Workday (WDAY), ANSYS (ANSS), PTC (PTC), Square (SQ), Sabre Corporation (SABR), King Digital Entertainment PLC (KING), Zendesk (ZEN), Box (BOX), New Relic (NEWR), Twilio (TWLO), CyberArk Software (CYBR), Five9 (FIVN), Radware (RDWR), GB Group plc (GBG) and Keywords Studios PLC (KWS).

Check Point Software Technologies' management team includes the folowing people:

• Amnon Bar-Lev, President
• Gil Shwed, Chief Executive Officer, Director
• Jerry T. Ungerman, Vice Chairman of the Board
• Tal Payne CPA, Chief Financial Officer, Chief Operating Officer
• Julie Parrish, Chief Marketing Officer
• Dorit Dor, Vice President - Products
• Marius Nacht, Non-Executive Chairman of the Board
• Dan Propper, Independent Director
• David Rubner, Independent Director
• Tal Shavit, Independent Director

Check Point Software Technologies' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Alecta Pensionsforsakring Omsesidigt (2.57%), APG Asset Management N.V. (1.01%), Handelsbanken Fonder AB (0.36%), Vaughan Nelson Investment Management L.P. (0.28%), Forsta AP Fonden (0.15%) and Aperio Group LLC (0.12%). View Institutional Ownership Trends for Check Point Software Technologies.

Check Point Software Technologies' stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Handelsinvest Investeringsforvaltning, Forsta AP Fonden, Bank of Montreal Can, Penn Davis Mcfarland Inc., Reilly Financial Advisors LLC, Dalton Greiner Hartman Maher & Co. and Baldwin Brothers Inc. MA. View Insider Buying and Selling for Check Point Software Technologies.

Check Point Software Technologies' stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Oregon Public Employees Retirement Fund, Handelsbanken Fonder AB, NN Investment Partners Holdings N.V., Eqis Capital Management Inc., US Bancorp DE, Winslow Evans & Crocker Inc. and Aperio Group LLC. View Insider Buying and Selling for Check Point Software Technologies.

Shares of Check Point Software Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Check Point Software Technologies stock can currently be purchased for approximately $106.39.