Proofpoint (PFPT) Set to Announce Quarterly Earnings on Tuesday

Proofpoint (NASDAQ:PFPT) is scheduled to announce its earnings results after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.

Shares of Proofpoint (NASDAQ:PFPT) opened at $101.55 on Friday. The firm has a market cap of $4,530.00, a PE ratio of -45.95 and a beta of 1.39. Proofpoint has a 12 month low of $70.30 and a 12 month high of $104.62. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.

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

Several equities research analysts recently weighed in on PFPT shares. Evercore ISI reiterated a “buy” rating and set a $105.00 price objective on shares of Proofpoint in a research note on Wednesday, November 22nd. Piper Jaffray Companies set a $105.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, October 20th. Deutsche Bank reiterated a “buy” rating and set a $114.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday, October 18th. Stifel Nicolaus set a $100.00 price target on shares of Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Monness Crespi & Hardt started coverage on shares of Proofpoint in a research note on Monday, October 16th. They issued a “buy” rating and a $110.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Proofpoint presently has an average rating of “Buy” and a consensus target price of $104.58.

TRADEMARK VIOLATION WARNING: “Proofpoint (PFPT) Set to Announce Quarterly Earnings on Tuesday” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/04/proofpoint-pfpt-set-to-announce-quarterly-earnings-on-tuesday.html.

About Proofpoint

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.

Earnings History for Proofpoint (NASDAQ:PFPT)

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply