News articles about Proofpoint (NASDAQ:PFPT) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.0749841495824 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Proofpoint (NASDAQ:PFPT) traded up $1.91 on Monday, hitting $87.86. The stock had a trading volume of 406,302 shares, compared to its average volume of 631,721. Proofpoint has a 52 week low of $69.23 and a 52 week high of $97.92. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57.
Proofpoint (NASDAQ:PFPT) last announced its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The firm had revenue of $134.30 million during the quarter, compared to the consensus estimate of $131.48 million. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. equities research analysts forecast that Proofpoint will post -0.88 earnings per share for the current year.
Several research firms recently weighed in on PFPT. Deutsche Bank upped their price target on Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, September 8th. BTIG Research restated a “buy” rating and issued a $110.00 target price on shares of Proofpoint in a research note on Monday, September 11th. Stifel Nicolaus set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. Cowen began coverage on Proofpoint in a research note on Thursday, August 17th. They issued an “outperform” rating and a $105.00 target price on the stock. Finally, Robert W. Baird restated a “hold” rating and issued a $95.00 target price on shares of Proofpoint in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $102.09.
In related news, CEO Gary Steele sold 40,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $88.60, for a total transaction of $3,544,000.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares in the company, valued at approximately $7,845,618.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $90.53, for a total value of $452,650.00. Following the sale, the chairman now owns 53,701 shares of the company’s stock, valued at approximately $4,861,551.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,549 shares of company stock valued at $19,403,950. 5.96% of the stock is owned by corporate insiders.
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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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