Check Point Software Technologies (CHKP) Expected to Announce Quarterly Earnings on Wednesday

Check Point Software Technologies (NASDAQ:CHKP) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.65 per share and revenue of $698,705.87 billion for the quarter. Check Point Software Technologies has set its Q4 guidance at $2.60-2.70 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.80 earnings per share. 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 Stock Performance

Shares of NASDAQ:CHKP opened at $192.96 on Wednesday. The stock’s 50-day moving average is $184.17 and its 200-day moving average is $185.99. Check Point Software Technologies has a 52-week low of $145.75 and a 52-week high of $210.70. The company has a market cap of $21.22 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.95 and a beta of 0.63.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on shares of Check Point Software Technologies in a research report on Thursday, January 9th. They set a “neutral” rating and a $200.00 target price on the stock. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Barclays reduced their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Seventeen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $203.05.

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.