Check Point Software Technologies Ltd reports results for the quarter ended in September 30 - Earnings Summary

Check Point Software Technologies

29/10/2024 14:10

* Check Point Software Technologies Ltd  CHKP.OQ  reported
quarterly adjusted earnings of $2.25​​ per share for the quarter
ended September 30, higher than the same quarter last year, when
the company reported EPS of $2.07.  The mean expectation of
thirty one analysts for the quarter was for earnings of $2.25
per share. Wall Street expected results to range from $2.22 
to $2.29 per share.
    * Revenue rose 6.5% to $635.10 million from a year ago;
analysts
expected $634.86 million. 
    * Check Point Software Technologies Ltd's reported EPS for
the
quarter was $1.83​.
    * The company reported quarterly net income of $206.9
million.
    * Check Point Software Technologies Ltd shares had risen
by 7.9%
this quarter and gained 36.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 22
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Check Point
Software Technologies Ltd is 200.00 
This summary was machine generated from LSEG data October 29 at
02:10 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
 Jan. 1 0001       2.25           2.25           Met
 Jun. 30 2024      2.16           2.17           Beat
 Mar. 31 2024      2.00           2.04           Beat
 Dec. 31 2023      2.48           2.57           Beat