Is Check Point Software Technologies Ltd. (NASDAQ: CHKP) Stock Worth Investing In for High Returns?

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In the last trading session, 0.45 million Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares changed hands as the company’s beta touched 0.62. With the company’s per share price at $154.42 changed hands at $0.92 or 0.60% during last session, the market valuation stood at $17.44B. CHKP’s last price was a discount, traded about -9.33% off its 52-week high of $168.82. The share price had its 52-week low at $121.85, which suggests the last value was 21.09% up since then. When we look at Check Point Software Technologies Ltd.’s average trading volume, we note the 3-month average coming to 664.37K.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) trade information

Instantly CHKP was in green as seen at the end of in last trading. With action 2.18%, the performance over the past five days has been green. The jump to weekly highs of 154.90 added 0.60% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.07%, with the 5-day performance at 2.18% in the green. However, in the 30-day time frame, Check Point Software Technologies Ltd. (NASDAQ:CHKP) is 0.96% up.

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Check Point Software Technologies Ltd. (CHKP) estimates and forecasts

Data shows that the Check Point Software Technologies Ltd. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.66% over the past 6 months, a 7.72% in annual growth rate that is considerably lower than the industry average of 10.50%. Year-over-year growth is forecast to reach 6.00% up from the last financial year.

Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 623.46M. 30 analysts are of the opinion that Check Point Software Technologies Ltd.’s revenue for the current quarter will be 633.65M. The company’s revenue for the corresponding quarters a year ago was 588.7M and 591.46M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 5.90%. The estimates for the next quarter sales put growth at 7.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.25%. The 2024 estimates are for Check Point Software Technologies Ltd. earnings to increase by 7.89%, but the outlook for the next 5-year period is at 8.17% per year.

CHKP Dividends

Check Point Software Technologies Ltd. is expected to release its next quarterly earnings report in June.