Shares of Check Point Software Technologies Ltd.
(NASDAQ: CHKP) surged in trading on Tuesday after the Tel Aviv, Israel-based
company announced its fourth-quarter financial results. Check Point Software’s
GAAP net income for the quarter rose 16% on a year-over-year basis.
Check Point Software rose to an intra-day high of
$55.18 on Tuesday before finishing the day 7.82% higher on above average
volume. The rally pushed Check Point Software shares above their 50-day and
200-day moving averages.
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