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

Check Point Software Technologies (NASDAQ:CHKP) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 2.600-2.700 for the period, compared to the consensus EPS 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.

Check Point Software Technologies Stock Down 1.6 %

Shares of Check Point Software Technologies stock opened at $170.50 on Monday. The company has a 50 day moving average price of $194.47 and a 200 day moving average price of $174.99. The firm has a market capitalization of $18.75 billion, a P/E ratio of 23.29, a PEG ratio of 2.96 and a beta of 0.63. Check Point Software Technologies has a 52 week low of $134.72 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the previous year, the firm posted $1.80 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Check Point Software Technologies will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHKP. Deutsche Bank Aktiengesellschaft boosted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Wedbush increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Robert W. Baird decreased 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, October 30th. Scotiabank raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Finally, Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $197.74.

About Check Point Software Technologies

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.