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 8.700-9.300 for the period, compared to the consensus earnings per share estimate of 9.080. 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 Q3 2024 guidance to 2.190-2.290 EPS.
Check Point Software Technologies Price Performance
NASDAQ:CHKP traded up $1.57 during mid-day trading on Friday, hitting $182.74. 638,013 shares of the company’s stock were exchanged, compared to its average volume of 756,486. Check Point Software Technologies has a one year low of $125.68 and a one year high of $184.67. The business has a fifty day moving average price of $161.86 and a 200 day moving average price of $160.27. The company has a market cap of $20.63 billion, a PE ratio of 25.38, a P/E/G ratio of 2.86 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, equities analysts forecast that Check Point Software Technologies will post 7.79 EPS for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Report on Check Point Software Technologies
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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