Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.190-2.290 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $615.0 million-$650.0 million, compared to the consensus revenue estimate of $634.8 million. Check Point Software Technologies also updated its FY 2024 guidance to 8.700-9.300 EPS.
Check Point Software Technologies Trading Up 0.9 %
NASDAQ CHKP traded up $1.57 on Friday, hitting $182.74. 638,013 shares of the company’s stock traded hands, compared to its average volume of 756,486. The firm’s 50-day moving average price is $161.86 and its two-hundred day moving average price is $160.22. The firm has a market capitalization of $20.63 billion, a PE ratio of 25.38, a P/E/G ratio of 2.86 and a beta of 0.62. Check Point Software Technologies has a 1-year low of $125.68 and a 1-year high of $184.67.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 earnings per share. On average, research analysts anticipate that Check Point Software Technologies will post 7.79 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on CHKP
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.
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