Check Point Software Technologies Ltd. (NASDAQ: CHKP) on Tuesday, plunged -14.47% from the previous trading day, before settling in for the closing price of $207.96. Within the past 52 weeks, CHKP’s price has moved between $126.57 and $210.70.
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A company in the Technology sector has jumped its sales by 4.74% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.07%. With a float of $85.09 million, this company’s outstanding shares have now reached $112.91 million.
In an organization with 6450 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 87.1%, operating margin of 35.44%, and the pretax margin is 38.76%.
Check Point Software Technologies Ltd. (CHKP) Insider and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Check Point Software Technologies Ltd. is 22.63%, while institutional ownership is 73.30%. The most recent insider transaction that took place on Sep 09 ’24, was worth 4,604,608. Before that another transaction happened on Sep 04 ’24, when Company’s Director proposed sale 25,000 for $189.99, making the entire transaction worth $4,749,750.
Check Point Software Technologies Ltd. (CHKP) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.07 earnings per share (EPS) for the period topping the consensus outlook (set at 2.02) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.65 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.00% during the next five years compared to 6.25% 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 1.23 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 7.87. Likewise, its price to free cash flow for the trailing twelve months is 20.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.23, a number that is poised to hit 2.66 in the next quarter and is forecasted to reach 9.97 in one year’s time.
Technical Analysis of Check Point Software Technologies Ltd. (CHKP)
Let’s dig in a bit further. During the last 5-days, its volume was 1.22 million. That was better than the volume of 0.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 47.42%. Additionally, its Average True Range was 5.72.
During the past 100 days, Check Point Software Technologies Ltd.’s (CHKP) raw stochastic average was set at 43.19%, which indicates a significant increase from 8.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.94% in the past 14 days, which was higher than the 32.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $195.44, while its 200-day Moving Average is $170.80. However, in the short run, Check Point Software Technologies Ltd.’s stock first resistance to watch stands at $186.24. Second resistance stands at $194.62. The third major resistance level sits at $200.23. If the price goes on to break the first support level at $172.25, it is likely to go to the next support level at $166.64. The third support level lies at $158.26 if the price breaches the second support level.
Check Point Software Technologies Ltd. (NASDAQ: CHKP) Key Stats
Market capitalization of the company is 19.56 billion based on 109,983K outstanding shares. Right now, sales total 2,415 M and income totals 840,300 K. The company made 627,400 K in profit during its latest quarter, and 197,400 K in sales during its previous quarter.
