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Sunday, January 29, 2006 4:00:47 PM
29.1.06 | 21:36 By Asaf Rothem
In January 2005, Check Point Software Technologies (NASDAQ: CHKP) stock was at $24. Twelve months later, the share price is down to $22.60 even though the data security company has remained a mint.
Tomorrow Check Point will be presenting its results for the fourth quarter of 2005. Merrill Lynch today repeated its analysis of two weeks ago, expecting that Check Point will at least meet the midpoint of forecasts and report $158 million revenues for the quarter.
Merrill Lynch itself expects slightly more, $160 million sales, and net earnings of 35 cents per share or $88.8 million profit.
For the year Merrill Lynch is predicting $326 million net profit and $1.26 earnings per share on revenues of $584 million.
The investment bank noted strong orders at year-end that could offset some weakness in November, it said. However, though European sales are typically high at year-end, economic weakness could moderate that effect in 2005.
For the year 2006 Merrill Lynch tweaked up its forecasts to $676 million revenues and earnings of $1.38 per share, or $350 million. That includes $40 million revenues from Sourcefire, the acquisition of which Check Point is in the process of closing. Any delay in closing could hurt revenues.
Merrill Lynch's 12-month price target remains $25, an objective it set back in July 2005, and its investment recommendation remains Buy.
http://www.haaretz.com/hasen/spages/676170.html
Dubi
Recent CHKP News
- Check Point Software is Named a Leader in Mobile Threat Defense Solutions Report by Independent Research Firm • GlobeNewswire Inc. • 07/16/2024 02:05:00 PM
- Check Point Software Releases its 2023 Environment, Social, and Governance (ESG) Report • GlobeNewswire Inc. • 07/15/2024 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/11/2024 01:00:06 PM
- Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization • GlobeNewswire Inc. • 07/11/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/11/2024 10:50:49 AM
- Check Point Software to Announce 2024 Second Quarter Financial Results on July 24, 2024 • GlobeNewswire Inc. • 07/01/2024 01:00:00 PM
- Check Point Software Simplifies Cloud Application Security with AI-Powered WAFaaS • GlobeNewswire Inc. • 06/11/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/07/2024 10:10:29 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 10:16:54 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 08:46:10 PM
- Check Point Software Advances API Security Supporting Enterprise Digital Transformation • GlobeNewswire Inc. • 05/22/2024 01:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 07:58:28 PM
- Rising Cloud Threats Demand Advanced Defenses: Check Point's 2024 Report Highlights Urgent Need for AI and Prevention First Security Measures • GlobeNewswire Inc. • 05/06/2024 01:00:00 PM
- Check Point Software Reports 2024 First Quarter Financial Results • GlobeNewswire Inc. • 04/25/2024 09:00:26 AM
- Check Point Software Technologies Transforms Email Security Again: Patented Unified Administration Boosts Efficacy and Improves Productivity • GlobeNewswire Inc. • 04/11/2024 01:00:00 PM
- Check Point Software to Announce 2024 First Quarter Financial Results on April 25, 2024 • GlobeNewswire Inc. • 04/01/2024 01:00:40 PM
- Check Point Announces a New Collaboration with Microsoft to Supercharge Infinity AI Copilot with Microsoft Azure OpenAI Service • GlobeNewswire Inc. • 03/26/2024 01:00:00 PM
- Check Point to Set New Standard for Securing AI Cloud Infrastructure at Scale with NVIDIA • GlobeNewswire Inc. • 03/19/2024 03:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 12:13:38 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 10:25:36 PM
- Check Point Software Achieves Top Ranking Zero Trust Platform Benchmark • GlobeNewswire Inc. • 03/06/2024 06:05:00 PM
- Introducing Check Point Harmony SaaS: The Cutting-Edge Solution for SaaS Threat Prevention • GlobeNewswire Inc. • 03/06/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 09:05:23 PM
- Check Point Software Technologies Ranked as a Leading Email Security Provider in Latest Industry Analyst Report • GlobeNewswire Inc. • 02/29/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 11:12:50 AM
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