Check Point Software Technologies Ltd reports results for the quarter ended in December - Earnings Summary

Check Point Software Technologies

06/02/2024 14:32

* Check Point Software Technologies Ltd  CHKP.OQ  reported
quarterly adjusted earnings of $2.57​​ per share for the quarter
ended in December, higher than the same quarter last year, when
the company reported EPS of $2.45.  The mean expectation of
thirty analysts for the quarter was for earnings of $2.48 per
share. Wall Street expected results to range from $2.41 
to $2.61 per share.
    * Revenue rose 3.9% to $663.50 million from a year ago;
analysts
expected $661.47 million. 
    * Check Point Software Technologies Ltd's reported EPS for
the
quarter was $2.15​.
    * The company reported quarterly net income of $249.2
million.
    * Check Point Software Technologies Ltd shares had risen
by 5.2%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 23
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Check Point
Software Technologies Ltd is $160.00 

This summary was machine generated from LSEG data February 6 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.48           2.57           Beat
 Sep. 30 2023      2.02           2.07           Beat
 Jun. 30 2023      1.90           2.00           Beat
 Mar. 31 2023      1.74           1.80           Beat