Proofpoint Inc (NASDAQ:PFPT) posted its earnings results on Thursday. The software maker reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The business had revenue of $113.30 million for the quarter, compared to analysts’ expectations of $110.60 million. Proofpoint had a negative net margin of 29.62% and a negative return on equity of 110.22%. The firm’s revenue for the quarter was up 43.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. Proofpoint updated its Q2 guidance to $0.11-0.13 EPS and its FY17 guidance to $0.56-0.59 EPS.
Proofpoint (NASDAQ:PFPT) opened at 71.00 on Friday. Proofpoint has a one year low of $52.03 and a one year high of $88.00. The company has a 50-day moving average of $76.61 and a 200 day moving average of $77.09. The firm’s market capitalization is $3.07 billion.
In related news, EVP Tracey Newell sold 3,645 shares of the business’s stock in a transaction on Friday, February 17th. The shares were sold at an average price of $81.19, for a total transaction of $295,937.55. Following the transaction, the executive vice president now owns 37,513 shares in the company, valued at approximately $3,045,680.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert Darren Lee sold 3,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $74.36, for a total transaction of $223,080.00. Following the transaction, the senior vice president now owns 5,881 shares in the company, valued at approximately $437,311.16. The disclosure for this sale can be found here. Insiders have sold a total of 139,011 shares of company stock worth $10,819,257 in the last quarter. 6.80% of the stock is owned by corporate insiders.
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Several analysts have weighed in on the stock. DA Davidson raised shares of Proofpoint from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $83.00 to $90.00 in a research note on Wednesday. Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Friday, April 14th. Zacks Investment Research cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research note on Thursday, December 22nd. BTIG Research reaffirmed a “buy” rating on shares of Proofpoint in a research note on Tuesday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Proofpoint in a research note on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $83.43.
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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