Q3 2022 EPS Estimates for Check Point Software Technologies Ltd. (NASDAQ:CHKP) Decreased by Analyst – MarketBeat

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Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) – Equities research analysts at Jefferies Financial Group cut their Q3 2022 earnings estimates for Check Point Software Technologies in a research report issued to clients and investors on Tuesday, August 2nd. Jefferies Financial Group analyst J. Gallo now anticipates that the technology company will earn $1.43 per share for the quarter, down from their previous forecast of $1.46. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $6.18 per share. Jefferies Financial Group also issued estimates for Check Point Software Technologies’ Q4 2022 earnings at $1.97 EPS, FY2022 earnings at $6.18 EPS, Q1 2023 earnings at $1.46 EPS, Q2 2023 earnings at $1.54 EPS, Q3 2023 earnings at $1.59 EPS and Q4 2023 earnings at $2.23 EPS.
A number of other brokerages also recently weighed in on CHKP. Bank of America raised shares of Check Point Software Technologies from an “underperform” rating to a “buy” rating and upped their price target for the company from $130.00 to $140.00 in a report on Wednesday, July 20th. Wedbush upped their price target on shares of Check Point Software Technologies from $142.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, April 14th. Barclays cut their price target on shares of Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday. Wells Fargo & Company cut their price target on shares of Check Point Software Technologies from $144.00 to $130.00 in a report on Thursday, April 28th. Finally, Credit Suisse Group upped their price target on shares of Check Point Software Technologies from $105.00 to $115.00 in a report on Thursday, April 28th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $138.00.

Check Point Software Technologies Trading Up 0.8 %

Shares of NASDAQ CHKP opened at $118.83 on Friday. Check Point Software Technologies has a twelve month low of $107.85 and a twelve month high of $149.62. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.60 and a beta of 0.60. The firm has a 50-day moving average of $123.66 and a two-hundred day moving average of $129.31.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.02. The business had revenue of $571.10 million during the quarter, compared to the consensus estimate of $560.40 million. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share.

Hedge Funds Weigh In On Check Point Software Technologies

Large investors have recently made changes to their positions in the business. Tcwp LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $26,000. AdvisorNet Financial Inc increased its holdings in shares of Check Point Software Technologies by 107.0% in the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after purchasing an additional 122 shares during the period. MV Capital Management Inc. acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $45,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $49,000. Finally, West Bancorporation Inc. acquired a new position in Check Point Software Technologies in the first quarter worth approximately $66,000. Institutional investors and hedge funds own 91.96% of the company’s stock.

About Check Point Software Technologies

(Get Rating)
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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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