Check Point Software Technologies (CHKP) Expected to Announce Quarterly Earnings on Wednesday

Check Point Software Technologies (NASDAQ:CHKP) is expected to be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $2.19 per share and revenue of $635.80 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Check Point Software Technologies Trading Up 2.0 %

Shares of Check Point Software Technologies stock opened at $224.47 on Wednesday. The company has a market capitalization of $24.69 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The stock has a fifty day simple moving average of $221.73 and a 200 day simple moving average of $201.07. Check Point Software Technologies has a 12-month low of $145.75 and a 12-month high of $234.36.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHKP. UBS Group boosted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Scotiabank boosted their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Bank of America upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Mizuho upped their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $236.13.

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.