Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.100-2.200 for the period. The company issued revenue guidance of $607.0 million-$637.0 million.
Check Point Software Technologies Trading Down 1.1 %
Shares of NASDAQ CHKP traded down $1.75 during trading hours on Friday, hitting $151.20. 1,275,456 shares of the company traded hands, compared to its average volume of 732,373. The company’s 50 day moving average price is $161.41 and its 200 day moving average price is $152.89. The stock has a market capitalization of $18.26 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.61 and a beta of 0.61. Check Point Software Technologies has a 12 month low of $117.18 and a 12 month high of $168.82.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Equities analysts anticipate that Check Point Software Technologies will post 7.85 EPS for the current year.
Wall Street Analysts Forecast Growth
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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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