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Check Point Software shares rise after earnings beat

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Shares of Check Point Software rose Thursday after the company reported better-than-expected fourth quarter profits.

The Tel Aviv-based software company reported earnings of $1.46 a share, ex-items, on revenue of $487 million. Analysts polled by Reuters had expected the firm to earn $1.25 a share on revenue of $478 million.

Shares climbed more than 7 percent, ending the day at $96.34 a share.

Check Point had "triple digit growth across our focus areas of mobile and advanced threat prevention" and "double-digit growth" in security gateways, Gil Shwed, founder and CEO, said in a statement.

Check Point Software shares one month performance