Proofpoint, Inc. (NASDAQ:PFPT) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.96-1.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.00. The company issued revenue guidance of $644-648 million, compared to the consensus revenue estimate of $648.80 million.Proofpoint also updated its Q4 guidance to $0.19-0.21 EPS.
Proofpoint, Inc. (NASDAQ:PFPT) traded down 1.42% during trading on Friday, reaching $89.40. The company’s stock had a trading volume of 546,880 shares. The firm’s market capitalization is $3.97 billion. The stock has a 50-day moving average of $91.32 and a 200 day moving average of $87.04. Proofpoint, Inc. has a one year low of $69.19 and a one year high of $97.92.
Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $134.30 million for the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 152.53%. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. On average, equities research analysts predict that Proofpoint, Inc. will post $0.75 EPS for the current fiscal year.
Several research firms have commented on PFPT. Royal Bank Of Canada restated a buy rating and issued a $103.00 target price on shares of Proofpoint in a research report on Thursday, August 31st. Wedbush restated an outperform rating and issued a $104.00 target price (up previously from $98.00) on shares of Proofpoint in a research report on Friday, July 28th. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a buy rating in a research report on Sunday, October 15th. Evercore ISI set a $105.00 price objective on shares of Proofpoint and gave the company a buy rating in a report on Friday, October 20th. Finally, Robert W. Baird reiterated a hold rating and issued a $100.00 price objective (up from $95.00) on shares of Proofpoint in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $101.70.
In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $92.35, for a total value of $3,694,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $94.82, for a total transaction of $775,912.06. Following the completion of the sale, the executive vice president now owns 25,001 shares in the company, valued at $2,370,594.82. The disclosure for this sale can be found here. Insiders sold a total of 168,549 shares of company stock worth $15,226,339 over the last quarter. 6.80% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/28/proofpoint-inc-pfpt-issues-fy18-earnings-guidance.html.
Proofpoint Company Profile
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
Receive News & Ratings for Proofpoint Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc. and related companies with MarketBeat.com's FREE daily email newsletter.