Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.60-2.70 for the period, compared to the consensus EPS estimate of $2.65. The company issued revenue guidance of $675-715 million, compared to the consensus revenue estimate of $701.63 million.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on CHKP. Truist Financial increased their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Susquehanna upped their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the company a "positive" rating in a report on Thursday, July 25th. Wedbush upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada upped their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the company a "sector perform" rating in a report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and an average target price of $196.78.
View Our Latest Stock Analysis on Check Point Software Technologies
Check Point Software Technologies Price Performance
Check Point Software Technologies stock traded down $30.09 during mid-day trading on Tuesday, hitting $177.87. The company's stock had a trading volume of 3,401,402 shares, compared to its average volume of 689,777. The firm's 50 day moving average is $195.73 and its 200 day moving average is $174.56. The company has a market cap of $20.08 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $126.57 and a 52-week high of $210.70.
About Check Point Software Technologies
(
Get Free Report)
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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