Proofpoint (PFPT) Set to Announce Quarterly Earnings on Thursday
Proofpoint (NASDAQ:PFPT) will be issuing its quarterly earnings data on Thursday, January 30th. Individual interested in registering for the company’s earnings conference call can do so using this link.
Shares of Proofpoint (NASDAQ:PFPT) opened at 36.17 on Wednesday. Proofpoint has a 52 week low of $12.63 and a 52 week high of $40.00. The stock has a 50-day moving average of $33.44 and a 200-day moving average of $30.3. The company’s market cap is $1.299 billion.
A number of analysts have recently weighed in on PFPT shares. Analysts at Wedbush upgraded shares of Proofpoint from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 21st. They now have a $45.00 price target on the stock, up previously from $30.00. On the ratings front, analysts at William Blair initiated coverage on shares of Proofpoint in a research note to investors on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Proofpoint in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $43.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $36.35.
In other Proofpoint news, Director Philip Koen sold 10,000 shares of Proofpoint stock on the open market in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $37.68, for a total transaction of $376,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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