Q4 2022 EPS Estimates for Check Point Software Technologies Ltd … – MarketBeat
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Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) – Stock analysts at Oppenheimer cut their Q4 2022 EPS estimates for shares of Check Point Software Technologies in a report released on Tuesday, January 3rd. Oppenheimer analyst I. Kidron now anticipates that the technology company will post earnings of $1.98 per share for the quarter, down from their previous estimate of $2.02. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $6.37 per share. Oppenheimer also issued estimates for Check Point Software Technologies’ Q1 2023 earnings at $1.39 EPS, Q2 2023 earnings at $1.51 EPS, Q4 2023 earnings at $2.25 EPS and FY2023 earnings at $6.77 EPS.
Several other equities analysts also recently issued reports on CHKP. Barclays lifted their price target on shares of Check Point Software Technologies from $135.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, October 28th. Mizuho lifted their price target on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, October 28th. Morgan Stanley boosted their target price on shares of Check Point Software Technologies from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Friday, October 28th. Sumitomo Mitsui Financial Group assumed coverage on shares of Check Point Software Technologies in a research note on Friday, October 7th. They issued a “neutral” rating and a $115.00 target price for the company. Finally, Robert W. Baird restated a “neutral” rating and set a $136.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 19th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $136.80.
Check Point Software Technologies Stock Up 0.5 %
Shares of CHKP stock opened at $126.83 on Wednesday. Check Point Software Technologies has a 12-month low of $107.54 and a 12-month high of $149.62. The company has a market capitalization of $15.91 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.70 and a beta of 0.68. The firm has a 50-day moving average price of $128.97 and a 200 day moving average price of $122.86.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its earnings results on Thursday, October 27th. The technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.06. Check Point Software Technologies had a net margin of 34.35% and a return on equity of 26.20%. The business had revenue of $577.60 million for the quarter, compared to analyst estimates of $571.78 million. During the same period in the previous year, the business earned $1.44 EPS. The firm’s revenue was up 8.2% on a year-over-year basis.
Hedge Funds Weigh In On Check Point Software Technologies
Large investors have recently modified their holdings of the stock. CWM LLC raised its position in shares of Check Point Software Technologies by 2.6% in the second quarter. CWM LLC now owns 65,621 shares of the technology company’s stock valued at $7,991,000 after purchasing an additional 1,649 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in shares of Check Point Software Technologies in the second quarter valued at about $258,000. Axiom Investors LLC DE grew its stake in shares of Check Point Software Technologies by 24.2% in the second quarter. Axiom Investors LLC DE now owns 285,630 shares of the technology company’s stock valued at $34,784,000 after acquiring an additional 55,746 shares in the last quarter. Eqis Capital Management Inc. grew its stake in shares of Check Point Software Technologies by 13.9% in the first quarter. Eqis Capital Management Inc. now owns 24,118 shares of the technology company’s stock valued at $3,334,000 after acquiring an additional 2,947 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Check Point Software Technologies by 138.3% in the second quarter. SG Americas Securities LLC now owns 27,000 shares of the technology company’s stock valued at $3,288,000 after acquiring an additional 15,670 shares in the last quarter. 64.76% of the stock is owned by institutional investors.
About Check Point Software Technologies
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Check Point Software Technologies (CHKP)
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