Check Point Software Technologies Ltd. (NASDAQ:CHKP) is trading up 23.13% versus 12-month low of 71.64 and stands -1.97% lower from its 1-year peak of $89.98. The consensus price target (PT) of $85.13 means that the market expects Company shares to increase by -2.4% in the short run. The sell-side target prices range from $40 to $100. In the last month the stock has moved in price 4.28%, with a one year change of 14.57%. The last trading session volume compares with the 1.24M average and market worth floats around 15.33B.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) gained 1.16% to reach at the trading price of $88.21 as it is set to release its next quarterly earnings report on January 19, 2017. Check Point Software Technologies Ltd. stock trades in the range of $87.05 to $88.93 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.25 a share with $477.89M in revenue.

Check Point Software Technologies Ltd. (CHKP) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Check Point Software Technologies Ltd. to earn $1.13 per share (EPS) on revenue of $427.07M. The EPS consensus range is $1.05-$1.2 on revenue between $438.3M and $415.3M.

While if we look at the Earnings Track Record, Check Point Software Technologies Ltd. (CHKP) managed to surpass quarterly earnings per share estimates in 9 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 75%. Last time the company reported, Check Point Software Technologies Ltd. (CHKP) generated $1.13 in earnings per share, beating the consensus estimate of $1.08. Revenues hit $427.57M in the September 2017 quarter, which was above the consensus $422.79M projection. On the other hand, in the June 2017 quarter the company recorded a net $422.75M revenue with earnings per share of $1.09. Wall Street had anticipated $421.56M and $1.07, respectively. For comparison, there was a revenue of $404.27M and EPS of $1.06 in the March 2016 period.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Analyst Insights

The buoyancy in the outlook of Check Point Software Technologies Ltd. (CHKP) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Mkt Perform. Piper Jaffray has been covering shares of CHKP, so it is most recent view is worth a look. In a research note issued on Jun 16, 2016, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on May 10, 2016. Downgraded the stock to Neutral from Buy.