Brokerages expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report $508.60 million in sales for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings. The highest sales estimate is $516.67 million and the lowest is $504.00 million. Check Point Software Technologies posted sales of $486.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 18th.

According to Zacks, analysts expect that Check Point Software Technologies will report full-year sales of $508.60 million for the current fiscal year, with estimates ranging from $1.85 billion to $1.87 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.98 billion per share, with estimates ranging from $1.95 billion to $2.00 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Check Point Software Technologies.

Several brokerages have weighed in on CHKP. Northland Securities set a $120.00 target price on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Wednesday, November 1st. BTIG Research lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $100.00 target price on shares of Check Point Software Technologies in a research note on Friday, November 3rd. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Piper Jaffray Companies set a $108.00 target price on shares of Check Point Software Technologies and gave the stock a “hold” rating in a research note on Friday, October 6th. Twenty research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $113.60.

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Shares of Check Point Software Technologies (NASDAQ:CHKP) traded down $1.12 during mid-day trading on Friday, reaching $102.51. 1,160,200 shares of the company’s stock traded hands, compared to its average volume of 1,614,805. The stock has a market capitalization of $16,754.54, a price-to-earnings ratio of 21.58, a PEG ratio of 2.20 and a beta of 0.67. Check Point Software Technologies has a one year low of $80.78 and a one year high of $119.20.

A number of large investors have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in Check Point Software Technologies by 1.4% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,425 shares of the technology company’s stock valued at $151,000 after acquiring an additional 20 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Check Point Software Technologies by 1.3% in the second quarter. Gateway Investment Advisers LLC now owns 2,407 shares of the technology company’s stock valued at $263,000 after purchasing an additional 31 shares during the last quarter. Baldwin Investment Management LLC increased its stake in Check Point Software Technologies by 0.7% in the second quarter. Baldwin Investment Management LLC now owns 4,665 shares of the technology company’s stock valued at $509,000 after purchasing an additional 34 shares during the last quarter. Trust Co. of Vermont increased its stake in Check Point Software Technologies by 2.2% in the second quarter. Trust Co. of Vermont now owns 1,814 shares of the technology company’s stock valued at $198,000 after purchasing an additional 39 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in Check Point Software Technologies by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 5,314 shares of the technology company’s stock valued at $580,000 after purchasing an additional 41 shares during the last quarter. 68.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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