Check Point Software Technologies Ltd. (NASDAQ: CHKP) on May 23, 2023, started off the session at the price of $122.08, plunging -0.50% from the previous trading day. During the day, the shares moved up to $123.25 and dropped to $121.53 before settling in for the closing price of $122.62. Within the past 52 weeks, CHKP’s price has moved between $107.54 and $135.93.
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Annual sales at Technology sector company grew by 4.70% over the past five years. The company achieved an average annual earnings per share of 3.70%. With a float of $100.67 million, this company’s outstanding shares have now reached $119.80 million.
Let’s look at the performance matrix of the company that is accounted for 6026 employees. In terms of profitability, gross margin is +86.87, operating margin of +37.95, and the pretax margin is +39.84.
Check Point Software Technologies Ltd. (CHKP) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Check Point Software Technologies Ltd. is 24.80%, while institutional ownership is 69.90%.
Check Point Software Technologies Ltd. (CHKP) Performance Highlights and Predictions
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $1.66 earnings per share (EPS) for the period topping the consensus outlook (set at $1.61) by $0.05. This company achieved a net margin of +34.20 while generating a return on equity of 25.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.84 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.54% during the next five years compared to 5.50% growth over the previous five years of trading.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) Trading Performance Indicators
Check Point Software Technologies Ltd. (CHKP) is currently performing well based on its current performance indicators. A quick ratio of 1.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.14. Likewise, its price to free cash flow for the trailing twelve months is 12.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.59, a number that is poised to hit 1.90 in the next quarter and is forecasted to reach 8.79 in one year’s time.
Technical Analysis of Check Point Software Technologies Ltd. (CHKP)
Check Point Software Technologies Ltd. (NASDAQ: CHKP) saw its 5-day average volume 0.91 million, a positive change from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 76.99%. Additionally, its Average True Range was 2.21.
During the past 100 days, Check Point Software Technologies Ltd.’s (CHKP) raw stochastic average was set at 25.76%, which indicates a significant decrease from 73.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.25% in the past 14 days, which was lower than the 22.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $126.58, while its 200-day Moving Average is $124.69. Nevertheless, the first resistance level for the watch stands at $123.00 in the near term. At $123.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $124.72. If the price goes on to break the first support level at $121.28, it is likely to go to the next support level at $120.54. Assuming the price breaks the second support level, the third support level stands at $119.56.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) Key Stats
Market capitalization of the company is 14.46 billion based on 120,762K outstanding shares. Right now, sales total 2,330 M and income totals 796,900 K. The company made 566,200 K in profit during its latest quarter, and 184,100 K in sales during its previous quarter.
