Check Point Software Technologies (CHKP) Scheduled to Post Quarterly Earnings on Tuesday

Check Point Software Technologies (NASDAQ:CHKP) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.93 per share for the quarter. Check Point Software Technologies has set its Q3 guidance at $2.19-2.29 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period last year, the business posted $1.74 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. 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

Shares of Check Point Software Technologies stock opened at $205.28 on Tuesday. The business has a 50-day moving average of $193.56 and a 200 day moving average of $173.06. Check Point Software Technologies has a 12 month low of $126.57 and a 12 month high of $210.70. The stock has a market capitalization of $23.18 billion, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Scotiabank raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday, July 25th. Barclays raised their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Wedbush increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.89.

Check Point Software Technologies Company Profile

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.