What happened 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. So what 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. Check Point repurchased $250 million worth of stock during the quarter, retiring 2.3 million shares. The company closed the quarter with $3.9 billion in cash on the balance sheet. Now what "We delivered good third quarter financial results with revenues coming in toward the upper end of our projections and earnings per share that exceeded our projections. Our advanced threat protections continued to see nice adoption as the Infinity platform and vendor consolidation continues to resonate with customers," CEO Gil Shwed said in a statement. "During the quarter we continued to extend the reach of the Infinity platform and elevated the level of security we provide with anti-ransomware technology, cloud security for Azure stack, and the integration of the Microsoft Intune mobile management with our SandBlast mobile security." The real kicker was guidance for the fourth quarter. On the conference call, Schwed said revenue in the fourth quarter is expected in the range of $485 million to $525 million, with non-GAAP earnings per share of $1.45 to $1.55. On a GAAP basis, that bottom line should be about $0.15 per share lighter. That top-line forecast fell short of the $529.2 million in sales that analysts were modeling for. 10 stocks we like better than Check Point Software TechnologiesWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Check Point Software Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of October 9, 2017Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Check Point Software Technologies. The Motley Fool has a disclosure policy.