FY2019 Earnings Estimate for Check Point Software Technologies Ltd. Issued By William Blair (CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – William Blair issued their FY2019 earnings per share estimates for shares of Check Point Software Technologies in a report released on Wednesday. William Blair analyst J. Ho expects that the technology company will post earnings per share of $5.60 for the year.

Several other research analysts have also recently weighed in on CHKP. Stephens upped their price objective on shares of Check Point Software Technologies from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. OTR Global cut shares of Check Point Software Technologies to a “positive” rating in a research report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating and issued a $105.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 18th. Jefferies Group restated a “buy” rating and issued a $126.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, October 19th. Finally, KeyCorp restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $113.67.

Check Point Software Technologies (NASDAQ CHKP) traded down $1.46 during mid-day trading on Monday, hitting $99.98. 1,299,422 shares of the company traded hands, compared to its average volume of 1,703,306. The company has a market capitalization of $16,580.00, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.99 and a beta of 0.57. Check Point Software Technologies has a one year low of $98.25 and a one year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. Check Point Software Technologies’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 earnings per share.

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation boosted its stake in shares of Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock valued at $100,000 after purchasing an additional 851 shares during the period. BB&T Investment Services Inc. purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $155,000. Segall Bryant & Hamill LLC purchased a new stake in Check Point Software Technologies in the third quarter worth $201,000. Finally, Montag A & Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter worth $205,000. 71.65% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2018/02/07/fy2019-earnings-estimate-for-check-point-software-technologies-ltd-issued-by-william-blair-chkp.html.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

Earnings History and Estimates for Check Point Software Technologies (NASDAQ:CHKP)

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit