Proofpoint Inc Hits New 52-Week High at $34.97 (PFPT)
Proofpoint (NASDAQ:PFPT)’s share price reached a new 52-week high on Friday, American Banking and Market News reports. The company traded as high as $34.97 and last traded at $34.63, with a volume of 649,231 shares traded. The stock had previously closed at $32.40.
A number of research firms have recently commented on PFPT. Analysts at JMP Securities initiated coverage on shares of Proofpoint in a research note to investors on Friday, December 20th. They set an “outperform” rating and a $37.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Proofpoint in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Proofpoint from $30.00 to $35.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $32.94.
Proofpoint has a 52 week low of $12.52 and a 52 week high of $34.00. The stock has a 50-day moving average of $30.26 and a 200-day moving average of $28.74. The company’s market cap is $1.227 billion.
Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.36. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $93.35 million. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Analysts expect that Proofpoint will post $-0.38 EPS for the current fiscal year.
Proofpoint, Inc (NASDAQ:PFPT) is a security-as-a-service vendor that delivers data protection solutions, which helps medium- and large-sized organizations worldwide.
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