Is It Time to Buy This Beaten-Down Cybersecurity Stock?

Check Point Software Technologies (NASDAQ: CHKP) stock is showing some signs of accelerating, and its third-quarter results turned out to be better than expected thanks to the improving pace of growth in the subscription business and the stronger adoption of its offerings. The cybersecurity specialist also raised its full-year guidance.

Check Point stock is still down about 11% for the year, but it could finish 2021 on a strong note driven by its latest quarterly report, released on Oct. 28. What's more, a closer look at the company's metrics indicates that it is built for long-term growth. Let's look at the reasons why.

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Source Fool.com