$139.83 Million in Sales Expected for Proofpoint Inc (PFPT) This Quarter

Wall Street analysts expect Proofpoint Inc (NASDAQ:PFPT) to post $139.83 million in sales for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Proofpoint’s earnings. The highest sales estimate is $141.90 million and the lowest is $138.83 million. Proofpoint reported sales of $106.81 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.9%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Proofpoint will report full year sales of $139.83 million for the current financial year, with estimates ranging from $508.00 million to $511.80 million. For the next financial year, analysts anticipate that the firm will post sales of $668.98 million per share, with estimates ranging from $662.00 million to $672.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Proofpoint.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The firm had revenue of $134.30 million for the quarter, compared to the consensus estimate of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The business’s revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS.

PFPT has been the topic of a number of research reports. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday, December 27th. Piper Jaffray Companies set a $100.00 target price on Proofpoint and gave the company a “buy” rating in a report on Sunday, October 15th. BidaskClub upgraded 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 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 target price (up previously from $95.00) on shares of Proofpoint in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. Proofpoint has a consensus rating of “Buy” and a consensus target price of $102.48.

Shares of Proofpoint (NASDAQ:PFPT) opened at $99.57 on Friday. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $4,460.00, a PE ratio of -45.05 and a beta of 1.32. Proofpoint has a twelve month low of $70.30 and a twelve month high of $101.05.

In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total transaction of $789,986.82. Following the completion of the sale, the executive vice president now owns 23,376 shares of the company’s stock, valued at $2,256,719.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Knight sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $88.99, for a total value of $266,970.00. Following the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,501,617.26. The disclosure for this sale can be found here. Insiders sold 165,549 shares of company stock worth $14,900,426 in the last 90 days. 5.96% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Proofpoint by 9.7% during the second quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after purchasing an additional 309,998 shares during the period. Vanguard Group Inc. boosted its position in Proofpoint by 2.3% during the second quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after purchasing an additional 77,721 shares during the period. Artisan Partners Limited Partnership boosted its position in Proofpoint by 8.1% during the third quarter. Artisan Partners Limited Partnership now owns 3,012,092 shares of the software maker’s stock worth $262,715,000 after purchasing an additional 225,970 shares during the period. FMR LLC boosted its position in Proofpoint by 10.9% during the second quarter. FMR LLC now owns 961,745 shares of the software maker’s stock worth $83,508,000 after purchasing an additional 94,545 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Proofpoint by 13.0% during the second quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock worth $81,878,000 after purchasing an additional 108,772 shares during the period.

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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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