Check Point Software Technologies (NASDAQ:CHKP) will be releasing its earnings data before the market opens on Wednesday, April 25th. Analysts expect Check Point Software Technologies to post earnings of $1.30 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.25-1.30 EPS and its FY18 guidance at $5.50-5.90 EPS.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $508.66 million. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts expect Check Point Software Technologies to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of CHKP stock opened at $102.80 on Tuesday. Check Point Software Technologies has a 1 year low of $95.03 and a 1 year high of $119.20. The firm has a market cap of $16,708.77, a PE ratio of 21.02, a PEG ratio of 2.01 and a beta of 0.65.
Several brokerages have recently issued reports on CHKP. BidaskClub cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $103.41 to $117.00 in a research report on Thursday, February 1st. JPMorgan Chase lowered their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. Finally, Cleveland Research cut Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Twenty-one analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $113.99.
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About Check Point Software Technologies
Check Point Software Technologies Ltd. provides hardware and software products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security operations and provides visibility into policy administration and threat analysis.
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