Equities research analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to post earnings per share (EPS) of $1.32 for the current quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Check Point Software Technologies’ earnings. The lowest EPS estimate is $1.29 and the highest is $1.37. Check Point Software Technologies posted earnings of $1.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The business is expected to report its next quarterly earnings results on Wednesday, April 24th.

On average, analysts expect that Check Point Software Technologies will report full-year earnings of $6.04 per share for the current fiscal year, with EPS estimates ranging from $5.88 to $6.25. For the next fiscal year, analysts forecast that the firm will post earnings of $6.49 per share, with EPS estimates ranging from $6.21 to $6.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Check Point Software Technologies.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.05. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. The company had revenue of $526.00 million during the quarter, compared to analyst estimates of $518.03 million. During the same quarter in the previous year, the company posted $1.58 EPS. Check Point Software Technologies’s revenue for the quarter was up 4.0% on a year-over-year basis.

A number of research analysts recently issued reports on CHKP shares. ValuEngine upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Jefferies Financial Group boosted their price target on Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday, February 9th. Evercore ISI restated a “hold” rating and set a $105.00 price target on shares of Check Point Software Technologies in a report on Thursday, January 31st. Finally, Credit Suisse Group restated a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $116.89.

NASDAQ:CHKP traded up $1.57 during mid-day trading on Friday, reaching $125.37. 30,893 shares of the company’s stock traded hands, compared to its average volume of 943,655. Check Point Software Technologies has a 12-month low of $93.76 and a 12-month high of $123.87. The company has a market cap of $20.27 billion, a PE ratio of 24.08, a P/E/G ratio of 2.28 and a beta of 0.79.

Several hedge funds have recently bought and sold shares of CHKP. Ruggie Capital Group grew its holdings in shares of Check Point Software Technologies by 650.0% during the 4th quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after acquiring an additional 260 shares during the period. Ledyard National Bank grew its stake in shares of Check Point Software Technologies by 196.4% in the 4th quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Check Point Software Technologies by 45.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock worth $37,000 after buying an additional 112 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Check Point Software Technologies by 39,495.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,990,827 shares of the technology company’s stock worth $39,000 after buying an additional 3,980,748 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 67.42% of the company’s stock.

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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