Check Point Software Technologies (CHKP) Set to Announce Earnings on Thursday

Check Point Software Technologies (NASDAQ:CHKP) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Check Point Software Technologies to post earnings of $1.71 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.95-$2.05 EPS and its FY24 guidance at $8.70-$9.30 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The firm had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. On average, analysts expect Check Point Software Technologies to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $158.79 on Tuesday. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.56 and a beta of 0.61. Check Point Software Technologies has a fifty-two week low of $117.18 and a fifty-two week high of $168.82. The firm has a fifty day moving average price of $162.02 and a two-hundred day moving average price of $152.55.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHKP shares. Susquehanna upped their target price on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, February 7th. William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, April 10th. Finally, UBS Group boosted their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $160.16.

About Check Point Software Technologies

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.