Earnings from Check Point Software Technologies Ltd. [CHKP] are scheduled on April 26, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
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CHKP Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $1.5 per share on revenue of $502.36M. Taking a look at the future, the company is projected to report revenue of $521.79M at an earnings per share of $1.55 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 3.20% in revenue and 6.03% in earnings per share for the company.
CHKP Stock Earnings Forecast For The Current Year
For the full financial year, Check Point Software Technologies Ltd. [NASDAQ:CHKP] is forecasted to generate revenue of $2.13B. The figure is about $70.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $6.73 in 2021, which is -$0.05 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -0.70% this year, 6.10% next year, and 5.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 3.20% in current fiscal year and 3.20% over following year.
CHKP Stock Price Performance
At the close of Friday’s session, Check Point Software Technologies Ltd. [NASDAQ:CHKP] finished down -0.12% at $119.80. The stock’s highest single-day price was $121.92, and its lowest was $119.00. Its price rose 0.82% in the last five days. Since the beginning of the year, Check Point Software Technologies Ltd.’s shares are down nearly -9.86%. However, the share price is -13.97% below its one year high. The top price reached by the shares of the company was $137.49 on 01/27/21, while the 52-week low came on 03/04/21, when the shares were $109.07. In the past year, shares of the company have risen 15.37%. At 50 days, the moving average achieved is $115.63 while at 200 days, the moving average is $121.46. There were 1.86 million shares traded in the last session, up from 1.15 million in the previous session.
Check Point Software Technologies Ltd. [NASDAQ:CHKP] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 19.93, Check Point Software Technologies Ltd. [CHKP] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 32.30 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.86 PS value ratio is reported for the last one year of reported earnings. This is above the average return 3.46 for the industry, which means CHKP offers an unattractive investment opportunity than its competitors do.
CHKP Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 119.80 level, and the violation of this level will cause a further drop to 118.56 level. At the upper end, 124.40 remains a key resistance. As the stock increases, it may find resistance at 123.16. In the 14-day chart, the Relative Strength Index standing at 62.57 suggests a technical neutral stance while the MACD standing at 2.28 indicates price will increase in the next trading period. Stochastic %K at 80.89% suggests selling the stock while Percent R indicator at 28.89% suggests bullish price movement.
How much is the short interest in Check Point Software Technologies Ltd.?
There have been a drop in short interest in the Check Point Software Technologies Ltd. Financial stock, with short interest down by -0.67 million shares to 9.32 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 8.65 million shares. This 7.19% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 7.85% of the overall float in the stock, while the stock’s days to cover moved to 8.02.
How do analysts view Check Point Software Technologies Ltd.?
In regard to the share price forecast for Check Point Software Technologies Ltd. stock, the analysts, as surveyed by FactSet, forecast the price to reach $132.50 in the next twelve months, representing almost an 9.58% growth from its recent price of $119.80. Among Check Point Software Technologies Ltd. stock projections, $155.00 is the highest analyst target for the stock, while $110.00 is the lowest. Despite this, 26 analysts who share their consensus rating for CHKP in 2021 agree that the stock is a Hold. The latest rating change took place on 4/09/21, when Oppenheimer Ratings downgraded the stock from “Outperform” to “Perform.”