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Why Check Point Software Stock Crashed Today

TheMotleyFool

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Why Check Point Software Stock Crashed TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Despite reporting a sizable earnings beat this morning, Israeli network security provider Check Point Software Technologies (NASDAQ: CHKP) saw shares of its stock close 10.5% lower today.

Expected to earn $2.11 per share, pro forma, on sales of $555.4 million in its fiscal Q4, Check Point reported Wednesday morning that it had earned $2.17 per share pro forma on sales of $563.8 million.

Image source: Getty Images.

Source Fool.com

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