Q3 2022 Earnings Forecast for Check Point Software Technologies Ltd. (NASDAQ: CHKP) Issued By Jefferies Financial Group


Check Point Software Technologies Ltd. (NASDAQ: CHKP – Get Rating) – Jefferies Financial Group dropped their Q3 2022 earnings estimates for shares of Check Point Software Technologies in a report released on Tuesday, August 2nd. Jefferies Financial Group analyst J. Gallo now anticipates that the technology company will post earnings of $ 1.43 per share for the quarter, down from their previous estimate 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.

Other analysts have also recently issued reports about the stock. BMO Capital Markets lowered their price objective on shares of Check Point Software Technologies from $ 155.00 to $ 150.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays lowered their price objective on shares of Check Point Software Technologies from $ 145.00 to $ 140.00 and set an “equal weight” rating for the company in a research note on Tuesday. Wells Fargo & Company lowered their price objective on shares of Check Point Software Technologies from $ 144.00 to $ 130.00 in a research note on Thursday, April 28th. Credit Suisse Group upped their price target on shares of Check Point Software Technologies from $ 105.00 to $ 115.00 in a research report on Thursday, April 28th. Finally, Wedbush upped their price target on shares of Check Point Software Technologies from $ 142.00 to $ 155.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Six analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $ 138.00.

Check Point Software Technologies Stock Up 0.4%

Shares of NASDAQ CHKP opened at $ 119.31 on Friday. Check Point Software Technologies has a 52-week low of $ 107.85 and a 52-week high of $ 149.62. The firm has a fifty day moving average of $ 123.53 and a 200-day moving average of $ 129.27. The stock has a market capitalization of $ 14.96 billion, a PE ratio of 19.75, a P / E / G ratio of 2.60 and a beta of 0.60.

Check Point Software Technologies (NASDAQ: CHKP – Get Rating) last released its earnings results on Monday, August 1st. The technology company reported $ 1.64 EPS for the quarter, topping the consensus estimate of $ 1.62 by $ 0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The firm had revenue of $ 571.10 million during the quarter, compared to analysts’ expectations of $ 560.40 million. During the same period in the previous year, the company earned $ 1.41 EPS. Check Point Software Technologies’s revenue for the quarter was up 8.6% on a year-over-year basis.

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its stake in shares of Check Point Software Technologies by 23.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,103 shares of the technology’s stock valued at $ 3,301,000 after purchasing an additional 5,207 shares in the last quarter. M&T Bank Corp grew its position in shares of Check Point Software Technologies by 14.5% during the 2nd quarter. M&T Bank Corp now owns 3,947 shares of the technology’s stock valued at $ 442,000 after buying an additional 501 shares during the last quarter. Connor Clark & ​​Lunn Investment Management Ltd. grew its position in shares of Check Point Software Technologies by 29.0% during the 2nd quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 193,520 shares of the technology’s stock valued at $ 23,567,000 after buying an additional 43,560 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Check Point Software Technologies by 64.9% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 51,597 shares of the technology’s stock valued at $ 6,283,000 after buying an additional 20,309 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in shares of Check Point Software Technologies by 9.5% during the 2nd quarter. Seizert Capital Partners LLC now owns 83,022 shares of the technology’s stock valued at $ 10,110,000 after buying an additional 7,173 shares during the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

Check Point Software Technologies Company Profile

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



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