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. Check Point has a history of being a conservative cybersecurity company content with buying back stock and delivering slow revenue growth instead of going aggressively after the end-market opportunity. It is also making acquisitions to expand its reach within the cybersecurity space.