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

Check Point Software Technologies

24/07/2024 14:31

* Check Point Software Technologies Ltd  CHKP.OQ  reported
quarterly adjusted earnings of $2.17​​ per share for the quarter
ended in June, higher than the same quarter last year, when the
company reported EPS of $2.00.  The mean expectation of thirty
one analysts for the quarter was for earnings of $2.16 per
share. Wall Street expected results to range from $2.07 
to $2.20 per share.
    * Revenue rose 6.6% to $627.40 million from a year ago;
analysts
expected $623.14 million. 
    * Check Point Software Technologies Ltd's reported EPS for
the
quarter was $1.74​.
    * The company reported quarterly net income of $197.4
million.
    * Check Point Software Technologies Ltd shares had risen
by 3.0%
this quarter and gained 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 22
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Check Point
Software Technologies Ltd is $175.00 
This summary was machine generated from LSEG data July 24 at
01:31 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
 Jun. 30 2024      2.16           2.17           Beat
 Mar. 31 2024      2.00           2.04           Beat
 Dec. 31 2023      2.48           2.57           Beat
 Sep. 30 2023      2.02           2.07           Beat