Analysts predict that Check Point Software Technologies Ltd. (NASDAQ:CHKP) will post earnings per share (EPS) of $1.36 for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Check Point Software Technologies’ earnings, with estimates ranging from $1.33 to $1.38. Check Point Software Technologies reported earnings of $1.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The business is expected to report its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Check Point Software Technologies will report full year earnings of $5.66 per share for the current fiscal year, with EPS estimates ranging from $5.59 to $5.71. For the next fiscal year, analysts anticipate that the business will report earnings of $6.10 per share, with EPS estimates ranging from $5.81 to $6.27. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 25th. The technology company reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.18. Check Point Software Technologies had a return on equity of 22.98% and a net margin of 43.43%. The company had revenue of $467.80 million for the quarter, compared to the consensus estimate of $461.32 million. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis.

A number of equities research analysts have commented on CHKP shares. BTIG Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 14th. OTR Global upgraded Check Point Software Technologies to a “positive” rating in a research report on Friday, July 6th. Deutsche Bank reduced their target price on Check Point Software Technologies from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Wednesday, April 25th. Finally, Argus downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating and lifted their target price for the company from $119.20 to $124.00 in a research report on Wednesday, May 9th. Twenty-one equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.19.

Several hedge funds and other institutional investors have recently modified their holdings of CHKP. Flossbach Von Storch AG grew its stake in shares of Check Point Software Technologies by 1,455.9% in the second quarter. Flossbach Von Storch AG now owns 2,486,903 shares of the technology company’s stock valued at $242,921,000 after buying an additional 2,327,068 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Check Point Software Technologies by 11.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,816,985 shares of the technology company’s stock valued at $1,349,645,000 after buying an additional 1,405,305 shares in the last quarter. FIL Ltd grew its stake in shares of Check Point Software Technologies by 50.4% in the first quarter. FIL Ltd now owns 2,590,559 shares of the technology company’s stock valued at $257,346,000 after buying an additional 868,345 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Check Point Software Technologies by 29.0% in the first quarter. Wells Fargo & Company MN now owns 2,121,257 shares of the technology company’s stock valued at $210,726,000 after buying an additional 477,013 shares in the last quarter. Finally, Altrinsic Global Advisors LLC grew its stake in shares of Check Point Software Technologies by 86.0% in the first quarter. Altrinsic Global Advisors LLC now owns 737,180 shares of the technology company’s stock valued at $73,232,000 after buying an additional 340,763 shares in the last quarter. 65.02% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CHKP traded down $0.39 on Monday, reaching $113.29. The company’s stock had a trading volume of 559,700 shares, compared to its average volume of 1,329,088. Check Point Software Technologies has a 12-month low of $93.76 and a 12-month high of $119.20. The company has a market capitalization of $18.58 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.27 and a beta of 0.62.

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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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

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