Why Check Point Software Stock Crashed Today

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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.  

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