Research Analysts Issue Forecasts for Check Point Software Technologies Ltd.’s Q1 2024 Earnings (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) – Equities researchers at Wedbush increased their Q1 2024 earnings per share (EPS) estimates for shares of Check Point Software Technologies in a note issued to investors on Wednesday, February 7th. Wedbush analyst D. Ives now anticipates that the technology company will earn $1.72 per share for the quarter, up from their previous estimate of $1.66. Wedbush currently has a “Outperform” rating and a $185.00 target price on the stock. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.83 per share. Wedbush also issued estimates for Check Point Software Technologies’ Q2 2024 earnings at $1.77 EPS, Q4 2024 earnings at $2.51 EPS, FY2024 earnings at $7.87 EPS, Q1 2025 earnings at $1.74 EPS and Q4 2025 earnings at $2.91 EPS.

Other research analysts also recently issued reports about the stock. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Raymond James upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Finally, Citigroup upped their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $154.86.

Get Our Latest Report on Check Point Software Technologies

Check Point Software Technologies Stock Down 0.9 %

Shares of NASDAQ:CHKP opened at $162.83 on Monday. Check Point Software Technologies has a 12-month low of $117.18 and a 12-month high of $166.71. The stock has a market cap of $19.05 billion, a PE ratio of 22.87, a P/E/G ratio of 2.67 and a beta of 0.62. The business has a 50 day moving average of $154.65 and a 200-day moving average of $142.32.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $2.23 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Scotia Capital Inc. boosted its holdings in Check Point Software Technologies by 21.7% in the 2nd quarter. Scotia Capital Inc. now owns 10,940 shares of the technology company’s stock valued at $1,374,000 after purchasing an additional 1,947 shares during the period. City Holding Co. raised its position in Check Point Software Technologies by 8.3% in the 3rd quarter. City Holding Co. now owns 3,725 shares of the technology company’s stock worth $496,000 after purchasing an additional 285 shares during the period. Roberts Glore & Co. Inc. IL raised its position in Check Point Software Technologies by 3.1% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 2,821 shares of the technology company’s stock worth $354,000 after purchasing an additional 85 shares during the period. Bank of New York Mellon Corp raised its position in Check Point Software Technologies by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 705,685 shares of the technology company’s stock worth $88,648,000 after purchasing an additional 41,897 shares during the period. Finally, CNB Bank purchased a new position in Check Point Software Technologies in the 3rd quarter worth $27,000. 68.34% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

(Get Free Report)

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.

See Also

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.