Check Point Software Technologies (NASDAQ:CHKP) Issues Earnings Results, Beats Expectations By $0.01 EPS

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) released its quarterly earnings results on Wednesday. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.01, Briefing.com reports. The business had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.35%. The business's revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $2.17 EPS. Check Point Software Technologies updated its FY 2025 guidance to 9.600-10.200 EPS and its Q3 2025 guidance to 2.400-2.500 EPS.Check Point Software Technologies Stock Up 1.7%Time to Buy These Up-and-Coming Software Firms?Check Point Software Technologies stock traded up $3.13 during trading hours on Friday, hitting $189.33. 389,946 shares of the company traded hands, compared to its average volume of 918,310. The firm has a market cap of $20.82 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.67 and a beta of 0.64. The firm's 50-day simple moving average is $221.33 and its two-hundred day simple moving average is $217.87. Check Point Software Technologies has a 1-year low of $169.01 and a 1-year high of $234.35. Hedge Funds Weigh In On Check Point Software TechnologiesAn institutional investor recently bought a new position in Check Point Software Technologies stock. AQR Capital Management LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,151 shares of the technology company's stock, valued at approximately $262,000. Institutional investors own 98.51% of the company's stock. Analysts Set New Price TargetsIs CoStar Group Stock a Buy Before Earnings? Analysts Think SoSeveral research analysts have weighed in on CHKP shares. Jefferies Financial Group reissued a "buy" rating and set a $230.00 price objective (down from $260.00) on shares of Check Point Software Technologies in a report on Thursday. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a report on Thursday. Morgan Stanley decreased their price objective on shares of Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.08.Check Out Our Latest Analysis on Check Point Software TechnologiesCheck Point Software Technologies Company Profile (Get Free Report)Sentinel One Stock Is the Growth Story Goldman Sachs Is BuyingCheck 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.Featured ArticlesFive stocks we like better than Check Point Software TechnologiesMost Volatile Stocks, What Investors Need to KnowRocket Lab Reports Next Week: Here’s What Investors Should KnowHow to trade penny stocks: A step-by-step guideApple Stock: Big Earnings, Small Move—Time to Buy?Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?Amazon's Earnings: What Comes Next and How to Play ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Check Point Software Technologies Right Now?Before you consider Check Point Software Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Check Point Software Technologies wasn't on the list.While Check Point Software Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here