Check Point Software Technologies (NASDAQ:CHKP) Updates Q4 2024 Earnings Guidance

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.600-2.700 for the period, compared to the consensus estimate of 2.650. The company issued revenue guidance of $675.0 million-$715.0 million, compared to the consensus revenue estimate of $698.6 million. Check Point Software Technologies also updated its FY 2024 guidance to 9.050-9.150 EPS.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHKP shares. BMO Capital Markets boosted their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. Jefferies Financial Group upped their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Robert W. Baird cut their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday. Evercore ISI upped their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a report on Wednesday. Finally, Bank of America cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $205.00 to $195.00 in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $2.71 on Friday, reaching $170.50. 860,178 shares of the company's stock traded hands, compared to its average volume of 694,497. The stock has a market cap of $18.75 billion, a PE ratio of 23.29, a P/E/G ratio of 2.71 and a beta of 0.63. Check Point Software Technologies has a 12 month low of $134.72 and a 12 month high of $210.70. The stock has a 50-day simple moving average of $194.47 and a 200 day simple moving average of $174.87.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the firm earned $1.80 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Check Point Software Technologies will post 7.84 EPS for the current year.

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 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.