Headlines about Proofpoint (NASDAQ:PFPT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 46.0845993132494 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Wednesday, December 27th. Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Sunday, October 15th. BidaskClub upgraded shares of Proofpoint from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Robert W. Baird restated a “hold” rating and set a $100.00 price objective (up previously from $95.00) on shares of Proofpoint in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.48.
Proofpoint (NASDAQ:PFPT) traded down $0.05 during trading hours on Thursday, reaching $97.67. 519,700 shares of the company’s stock were exchanged, compared to its average volume of 515,929. The firm has a market capitalization of $4,380.00, a price-to-earnings ratio of -44.19 and a beta of 1.32. Proofpoint has a 52-week low of $70.30 and a 52-week high of $98.84. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The firm 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 158.19%. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. analysts expect that Proofpoint will post -0.88 earnings per share for the current fiscal year.
In related news, Chairman Eric Hahn sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $83.71, for a total value of $418,550.00. Following the transaction, the chairman now directly owns 38,201 shares in the company, valued at $3,197,805.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tracey Newell sold 8,183 shares of the stock in a transaction that occurred 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 owns 25,001 shares in the company, valued at $2,370,594.82. The disclosure for this sale can be found here. Insiders have sold 165,549 shares of company stock worth $14,886,352 over the last quarter. 5.96% of the stock is owned by company 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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