Check Point Software Technologies Ltd. (NASDAQ:CHKP) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CHKP to report 3Q20 income of $ 1.53 per share.
For the full year, analysts anticipate top line of $ 2051.40 million, while looking forward to income of $ 6.60 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,000.00 million ~ $ 2,100.00 million, where as bottomline are predicted in a range of $ 6.25 ~ $ 6.65 per share
Click Here For More Historical Outlooks Of Check Point Software Technologies Ltd.
Previous Quarter Performance
Check Point Software Technologies Ltd. unfold income for the second quarter of $ 1.38 per share, from the revenue of $ 505.60 million, On adjusted basis, CHKP reported income for the quarter of $ 1.58 per share. The quarterly earnings expanded 14.05 percent while revenues swell 3.59 percent compared with the same quarter last year. According to street consensus, CHKP was expected to report 2Q20 income of $ 1.44 per share from revenue of $ 488.04 million. The bottom line results beat street analysts by $ 0.14 or 9.72 percent, at the same time, top line results outshined analysts by $ 17.56 million or 3.60 percent.
Stock Performance
Shares of Check Point Software Technologies Ltd. traded up $ 1.58 or 1.28 percent on Wednesday, reaching $ 125.33 with volume of 764.90 thousand shares. The stock opened positive for the day at $ 123.76, after closing the previous day trading at $ 123.75.
According to the previous trading day, closing price of $ 123.75, representing a 54.57 % increase from the 52 week low of $ 80.06 and a 5.52 % decrease over the 52 week high of $ 130.98.
The company has a market capital of $ 17.57 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Check Point Software Technologies Ltd. will be hosting a conference call at 8:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.checkpoint.com
Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions.
