Check Point Software Technologies Ltd. [CHKP] stock prices are down -0.72% to $162.74 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHKP shares have lost -0.86% over the last week, with a monthly amount glided 3.10%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Check Point Software to Announce 2024 First Quarter Financial Results on April 25, 2024. In a post published today on Yahoo Finance, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that it will release its financial results for the first quarter ended March 31, 2024, on Thursday, April 25, 2024, before the U.S. financial markets open. Management will host a video conference call with the investment community at 8:30 AM EST/5:30 AM PST on April 25, 2024. A live videocast of the call will be hosted on the company’s website at http://www.checkpoint.com/ir.
From an analyst’s perspective:
Check Point Software Technologies Ltd. [NASDAQ: CHKP] stock has seen the most recent analyst activity on January 31, 2024, when William Blair upgraded its rating to a Outperform. Previously, Raymond James upgraded its rating to Outperform on December 18, 2023. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $190 on the stock. Piper Sandler upgraded its rating to a Neutral. Needham initiated its recommendation with a Hold. Morgan Stanley upgraded its rating to Equal-Weight for this stock on October 16, 2023, and upped its price target to $144. In a note dated May 09, 2023, Stifel initiated an Hold rating and provided a target price of $130 on this stock.
The stock price of Check Point Software Technologies Ltd. [CHKP] has been fluctuating between $117.18 and $168.82 over the past year. Currently, Wall Street analysts expect the stock to reach $140.65 within the next 12 months. Check Point Software Technologies Ltd. [NASDAQ: CHKP] shares were valued at $162.74 at the most recent close of the market. An investor can expect a potential drop of -13.57% based on the average CHKP price forecast.
Analyzing the CHKP fundamentals
The Check Point Software Technologies Ltd. [NASDAQ:CHKP] reported sales of 2.41B for trailing twelve months, representing a surge of 3.92%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.3 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 161.39 points at the first support level, and at 160.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 164.79, and for the 2nd resistance point, it is at 166.85.
Check Point Software Technologies Ltd. [CHKP] reported earnings per share of $2.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.48/share, meaning a difference of $0.09 and a surprise factor of 3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.07 per share as compared to estimates of $2.02 per share, a difference of $0.05 representing a surprise of 2.50%.
Ratios To Look Out For
It’s worth pointing out that Check Point Software Technologies Ltd. [NASDAQ:CHKP]’s Current Ratio is 1.18. Also, the Quick Ratio is 1.18, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 8.14, the price to book ratio is 6.51 and price to earnings (TTM) ratio is 22.88.
