Will Check Point Software’s Q2 Results Keep Investor Confidence Up?
Shares of Check Point Software Technologies (NASDAQ: CHKP) have been on a tear this year, rising more than 33% thanks to impressive quarterly performances and the growing demand for cybersecurity solutions stoked in part by recent hacking attacks. The cybersecurity specialist will look to extend its momentum when it releases its fiscal 2017 second-quarter results on July 20. Here's what investors can expect from the company.
Wall Street expects Check Point Software's revenue to have grown 7.5% year over year, to $454.5 million, during the second quarter, while its earnings per share (EPS) are expected to have gone from $1.09 per share to $1.22 per share. Bottom-line growth outpacing top-line growth would not be surprising as Check Point focuses on keeping costs low to enhance earnings and cash flow.
Image source: Getty Images.
Source: Fool.com
Check Point Software Technologies Ltd. Stock
Check Point Software Technologies Ltd. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
However, we have a potential of -1.84% for Check Point Software Technologies Ltd. as the target price of 173 € is below the current price of 176.25 €.
