Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 9.050-9.150 for the period, compared to the consensus earnings per share estimate of 9.100. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Check Point Software Technologies also updated its Q4 2024 guidance to 2.600-2.700 EPS.
Check Point Software Technologies Trading Down 1.6 %
CHKP stock opened at $170.50 on Monday. The stock’s fifty day simple moving average is $194.47 and its two-hundred day simple moving average is $174.99. Check Point Software Technologies has a 1-year low of $134.72 and a 1-year high of $210.70. The stock has a market cap of $18.75 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.96 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the previous year, the firm earned $1.80 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Check Point Software Technologies will post 7.86 earnings per share for the current fiscal year.
Analyst Ratings Changes
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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.
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