Check Point Software Technologies Ltd. (CHKP)
Will Check Point (CHKP) Beat Estimates Again in Its Next Earnings Report?
Check Point (CHKP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Check Point Securing Profits, Big Money Interest
Cybersecurity firm Check Point Software Technologies Ltd. (CHKP) is leveraging AI to protect data and grow its business.
Here's Why Check Point Software (CHKP) is a Strong Growth Stock
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Check Point: A Buy Based On AI Growth Drivers And Earnings Strength
Check Point Software Technologies reinforced its product offerings through Copilot, developed using the Microsoft Azure OpenAI service. At the same time, its partnership with Nvidia for ASIC boosts its positioning for firewalls, which are key to secure AI workloads in the cloud. With a surge in bookings, it could deliver more revenues than expected while increased demand provides it with better pricing power prospects, which is good for profitability.
Why Check Point Software (CHKP) is a Top Growth Stock for the Long-Term
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Quadrant Capital Group LLC Buys 247 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)
Quadrant Capital Group LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,447 shares of the technology company’s stock after buying an additional 247 shares during the quarter. Quadrant Capital Group LLC’s holdings in Check Point Software Technologies were worth $221,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC grew its stake in shares of Check Point Software Technologies by 3.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,969 shares of the technology company’s stock worth $805,000 after acquiring an additional 163 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Check Point Software Technologies by 9.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,570 shares of the technology company’s stock worth $545,000 after purchasing an additional 322 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Check Point Software Technologies by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock valued at $262,000 after buying an additional 109 shares during the last quarter. Boston Partners lifted its position in shares of Check Point Software Technologies by 5.0% during the 4th quarter. Boston Partners now owns 3,204,519 shares of the technology company’s stock worth $489,700,000 after buying an additional 151,657 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Check Point Software Technologies by 69.3% in the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after buying an additional 11,064 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors. Check Point Software Technologies Stock Performance Shares of CHKP opened at $151.13 on Monday. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The stock’s 50-day simple moving average is $158.95 and its 200 day simple moving average is $154.91. Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of brokerages recently commented on CHKP. Scotiabank increased their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Wednesday, February 7th. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, February 7th. Mizuho restated a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Finally, TD Cowen boosted their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $169.18. Read Our Latest Stock Report on Check Point Software Technologies About Check Point Software Technologies (Free Report) 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.
