Research Analysts Set Expectations for CHKP Q1 Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) - Wedbush raised their Q1 2025 earnings estimates for Check Point Software Technologies in a report released on Tuesday, October 29th. Wedbush analyst D. Ives now expects that the technology company will earn $1.85 per share for the quarter, up from their previous estimate of $1.84. Wedbush currently has a "Outperform" rating and a $230.00 target price on the stock. The consensus estimate for Check Point Software Technologies' current full-year earnings is $7.84 per share.

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday. Mizuho raised their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Barclays reduced their target price on Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a report on Tuesday. Jefferies Financial Group raised their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, Evercore ISI upped their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $197.74.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $2.71 during trading hours on Friday, hitting $170.50. The company had a trading volume of 860,105 shares, compared to its average volume of 694,497. The stock has a 50-day moving average price of $194.87 and a 200 day moving average price of $174.66. The company has a market capitalization of $18.75 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $134.72 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released 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. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. During the same quarter last year, the business posted $1.80 EPS. The business's revenue was up 6.5% on a year-over-year basis.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors have recently bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Check Point Software Technologies in the second quarter worth about $30,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. FSC Wealth Advisors LLC purchased a new position in Check Point Software Technologies during the third quarter valued at approximately $60,000. Finally, Sound Income Strategies LLC boosted its position in shares of Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company's stock worth $83,000 after purchasing an additional 373 shares during the period. 87.62% of the stock is owned by institutional investors.

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.