Banded agate or banded jasper. Cherts tend to be black and white with sharp cleavages like flint, a relative of chert, and your specimen shows flaking more along the lines of agate and jasper. The reds lead me to believe its more jasper than agate but both are in the same family.
Geodes have open interiors of crystalline structures and banding around the central vug. Geodes can be considered hollow agates that just have not filled all the way in. Geodes are also stand alone stones. The piece you have looks to have come from a bigger matrix and the crystal pockets are vugs inside the host rock. Nice piece though.