Wall Street analysts expect Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report $452.74 million in sales for the current quarter, Zacks reports. Ten analysts have issued estimates for Check Point Software Technologies’ earnings, with the lowest sales estimate coming in at $450.09 million and the highest estimate coming in at $457.20 million. Check Point Software Technologies posted sales of $435.45 million in the same quarter last year, which would indicate a positive year over year growth rate of 4%. The business is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Check Point Software Technologies will report full year sales of $452.74 million for the current fiscal year, with estimates ranging from $1.93 billion to $1.97 billion. For the next financial year, analysts anticipate that the business will report sales of $2.05 billion per share, with estimates ranging from $1.99 billion to $2.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Check Point Software Technologies.
Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The business had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $508.66 million. During the same quarter in the previous year, the firm posted $1.46 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation grew its position in Check Point Software Technologies by 3,700.0% in the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after acquiring an additional 851 shares in the last quarter. Financial Gravity Companies Inc. purchased a new position in Check Point Software Technologies in the fourth quarter worth $130,000. Segall Bryant & Hamill LLC purchased a new position in Check Point Software Technologies in the third quarter worth $201,000. We Are One Seven LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth $201,000. Finally, Montag A & Associates Inc. purchased a new position in Check Point Software Technologies in the third quarter worth $205,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at $106.39 on Tuesday. Check Point Software Technologies has a 1-year low of $95.03 and a 1-year high of $119.20. The stock has a market cap of $17,390.00, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.08 and a beta of 0.54.
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
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