Check Point Software Technologies (CHKP) Set to Announce Earnings on Thursday

Check Point Software Technologies (NASDAQ:CHKP) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Check Point Software Technologies has set its Q1 guidance at $1.95-$2.05 EPS and its FY24 guidance at $8.70-$9.30 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $2.23 EPS. 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

NASDAQ CHKP opened at $158.79 on Tuesday. The stock has a market capitalization of $19.18 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.56 and a beta of 0.61. Check Point Software Technologies has a one year low of $117.18 and a one year high of $168.82. The business’s fifty day moving average is $162.02 and its 200-day moving average is $152.55.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CHKP shares. TD Cowen lifted their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Scotiabank boosted their price objective on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Wednesday, February 7th. Wedbush restated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. William Blair raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Finally, Royal Bank of Canada lifted their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.16.

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.