Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.600-2.700 for the period, compared to the consensus earnings per share 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 0.3 %
Shares of CHKP opened at $170.00 on Monday. The stock has a market capitalization of $18.70 billion, a P/E ratio of 23.29, a PEG ratio of 2.96 and a beta of 0.63. The firm has a fifty day simple moving average of $194.47 and a two-hundred day simple moving average of $174.99. Check Point Software Technologies has a twelve month low of $136.19 and a twelve month high of $210.70.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 EPS. Sell-side analysts expect that Check Point Software Technologies will post 7.86 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on CHKP
Check Point Software Technologies Company Profile
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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