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

Check Point Software Technologies (NASDAQ:CHKP) is expected to announce its earnings results 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. Investors that are interested in participating in 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 the consensus estimate of $2.25. The company had revenue of $635.10 million for 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 quarter in the previous year, the firm posted $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 Trading Up 1.9 %

Shares of CHKP opened at $198.20 on Tuesday. The stock’s 50-day moving average price is $185.60 and its two-hundred day moving average price is $186.68. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $210.70. The company has a market capitalization of $21.80 billion, a PE ratio of 27.08, a PEG ratio of 3.05 and a beta of 0.63.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHKP. Barclays decreased their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Citigroup raised their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Robert W. Baird cut their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Eighteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $203.05.

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 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.