Why Check Point Software Shares Got Crushed Today

Shares of Check Point Software (NASDAQ: CHKP) got crushed today, down by 10% as of 11:20 a.m. EDT after the company reported fiscal third-quarter results. While the numbers topped expectations, guidance left investors disappointed.

Revenue in the third quarter totaled $455 million, beating the consensus estimate of $449.4 million. The data security specialist posted non-GAAP earnings per share of $1.30, also ahead of Wall Street expectations of $1.24 per share in adjusted profit. Software Blades subscriptions revenue jumped 22% to $120 million.

Image source: Check Point.

Source: Fool.com