What Market Sell-Off? This Tech Stock Is Flying in 2022

The broader market is having a pretty rough year, with the S&P 500 down nearly 7.7% in 2022. But shares of Check Point Software Technologies (NASDAQ: CHKP) have bucked the trend and are trading up about 26.5% so far this year. The cybersecurity specialist's price gain was aided by a solid fourth-quarter 2021 earnings report released on Feb. 3.

Let's take a closer look at the reasons why Check Point Software is bucking the market trends of late and see if it can sustain its positive share price momentum and turn out to be a top performer in 2022 and beyond.

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Source Fool.com