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Investors Are Dumping This Cybersecurity Stock, But Don't Miss the Silver Linings

TheMotleyFool

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Investors Are Dumping This Cybersecurity Stock, But Don't Miss the Silver Linings

Check Point Software Technologies (NASDAQ: CHKP) needed to step on the gas in 2021 to put behind years of underperformance on the stock market, but the cybersecurity specialist's latest results indicate that it may take some time before that happens.

Though Check Point beat Wall Street's estimates for the fourth quarter of 2020, its guidance for the ongoing quarter and the full year was not up to the mark. Given that the company has been struggling to achieve eye-popping top-line growth as compared to its more illustrious peers in the competitive cybersecurity market, it wasn't surprising to see investors dump the stock after its quarterly report.