Proofpoint, Inc. (NASDAQ:PFPT) released its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07, Bloomberg Earnings reports. Proofpoint had a negative return on equity of 152.53% and a negative net margin of 20.19%. The business had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. During the same period in the prior year, the business posted $0.19 EPS. The company’s revenue was up 34.6% compared to the same quarter last year. Proofpoint updated its Q4 guidance to $0.19-0.21 EPS and its FY18 guidance to $0.96-1.03 EPS.
Proofpoint (PFPT) traded down 1.42% on Friday, reaching $89.40. The company had a trading volume of 546,880 shares. The stock has a 50 day moving average of $91.32 and a 200 day moving average of $87.04. Proofpoint has a 12 month low of $69.19 and a 12 month high of $97.92. The firm’s market capitalization is $3.97 billion.
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Several research firms recently issued reports on PFPT. Robert W. Baird reissued a “hold” rating and set a $100.00 target price (up previously from $95.00) on shares of Proofpoint in a research note on Friday, October 20th. Imperial Capital increased their target price on Proofpoint from $102.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Piper Jaffray Companies set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Evercore ISI set a $105.00 target price on Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $114.00 target price (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $101.70.
In other news, CEO Gary Steele sold 40,000 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $94.82, for a total transaction of $775,912.06. Following the completion of the transaction, the executive vice president now directly owns 25,001 shares of the company’s stock, valued at approximately $2,370,594.82. The disclosure for this sale can be found here. Insiders have sold a total of 168,549 shares of company stock valued at $15,226,339 in the last ninety days. Company insiders own 6.80% of the company’s stock.
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.
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