Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.190-2.290 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $615.0 million-$650.0 million, compared to the consensus revenue estimate of $634.8 million. Check Point Software Technologies also updated its FY 2024 guidance to 8.700-9.300 EPS.
Check Point Software Technologies Stock Up 0.9 %
Check Point Software Technologies stock traded up $1.57 during midday trading on Friday, hitting $182.74. 638,013 shares of the stock were exchanged, compared to its average volume of 756,486. The stock has a market capitalization of $20.63 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62. Check Point Software Technologies has a 52-week low of $125.68 and a 52-week high of $184.67. The business’s 50-day moving average price is $161.86 and its 200-day moving average price is $160.27.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.74 EPS. On average, sell-side analysts predict that Check Point Software Technologies will post 7.8 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on CHKP
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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