Q1 2019 EPS Estimates for Check Point Software Technologies Ltd. Reduced by Analyst (CHKP)

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Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Equities researchers at William Blair dropped their Q1 2019 earnings estimates for Check Point Software Technologies in a research note issued on Wednesday, October 24th. William Blair analyst J. Ho now expects that the technology company will post earnings per share of $1.24 for the quarter, down from their prior forecast of $1.26. William Blair also issued estimates for Check Point Software Technologies’ Q3 2019 earnings at $1.32 EPS.

A number of other equities research analysts have also recently commented on CHKP. OTR Global upgraded Check Point Software Technologies to a “positive” rating in a report on Friday, July 6th. BTIG Research upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, July 10th. ValuEngine upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Finally, Evercore ISI restated a “hold” rating and set a $100.00 price objective on shares of Check Point Software Technologies in a report on Thursday, July 19th. Twenty-two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.14.

Shares of NASDAQ:CHKP opened at $107.26 on Monday. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.16 and a beta of 0.64. Check Point Software Technologies has a one year low of $93.76 and a one year high of $120.81.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, October 24th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. The firm had revenue of $470.80 million for the quarter, compared to analysts’ expectations of $465.94 million. Check Point Software Technologies had a return on equity of 23.04% and a net margin of 43.35%. Check Point Software Technologies’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 EPS.

Several hedge funds have recently bought and sold shares of CHKP. Marshall Wace LLP purchased a new position in shares of Check Point Software Technologies in the 2nd quarter worth $7,695,000. AustralianSuper Pty Ltd raised its position in shares of Check Point Software Technologies by 17.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 257,000 shares of the technology company’s stock worth $25,104,000 after buying an additional 37,900 shares during the period. Swiss National Bank raised its position in shares of Check Point Software Technologies by 1.6% in the 2nd quarter. Swiss National Bank now owns 713,300 shares of the technology company’s stock worth $69,675,000 after buying an additional 10,900 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Check Point Software Technologies by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,396 shares of the technology company’s stock worth $5,607,000 after buying an additional 3,029 shares during the period. Finally, Fort L.P. purchased a new position in shares of Check Point Software Technologies in the 2nd quarter worth $120,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

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