Equities analysts forecast that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will announce earnings per share of $1.51 for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.48. Check Point Software Technologies posted earnings per share of $1.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is expected to announce its next earnings results on Thursday, January 18th.
On average, analysts expect that Check Point Software Technologies will report full-year earnings of $5.25 per share for the current financial year, with EPS estimates ranging from $5.18 to $5.29. For the next year, analysts expect that the business will report earnings of $5.74 per share, with EPS estimates ranging from $5.60 to $5.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Check Point Software Technologies.
Several equities research analysts have recently issued reports on CHKP shares. Cowen reaffirmed a “buy” rating and set a $113.00 target price on shares of Check Point Software Technologies in a research report on Friday, September 8th. Credit Suisse Group started coverage on Check Point Software Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $110.00 target price for the company. BTIG Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a report on Thursday, October 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price objective on shares of Check Point Software Technologies in a report on Friday, November 3rd. Twenty analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $113.60.
Shares of Check Point Software Technologies (CHKP) traded up $0.01 during trading on Tuesday, hitting $104.30. The stock had a trading volume of 926,947 shares, compared to its average volume of 1,130,879. Check Point Software Technologies has a 1 year low of $80.78 and a 1 year high of $119.20. The stock has a market cap of $17,310.00, a price-to-earnings ratio of 21.94, a PEG ratio of 2.24 and a beta of 0.67.
Hedge funds and other institutional investors have recently modified their holdings of the business. Zions Bancorporation boosted its stake in Check Point Software Technologies by 3,700.0% in the 3rd quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $100,000. Acrospire Investment Management LLC boosted its position in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 600 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $145,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $155,000.
About Check Point Software Technologies
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Check Point Software Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.