Share on StockTwits

Shares of Proofpoint (NASDAQ:PFPT) have been given a consensus rating of “Buy” by the twelve ratings firms that are covering the stock, ARN reports. One investment analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $43.91.

Shares of Proofpoint (NASDAQ:PFPT) opened at 33.90 on Wednesday. Proofpoint has a one year low of $23.69 and a one year high of $45.66. The stock’s 50-day moving average is $34.77 and its 200-day moving average is $35.34. The company’s market cap is $1.254 billion.

Proofpoint (NASDAQ:PFPT) last released its earnings data on Wednesday, April 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.06. The company had revenue of $42.70 million for the quarter, compared to the consensus estimate of $40.70 million. Analysts expect that Proofpoint will post $-0.43 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Proofpoint from an “outperform” rating to an “in-line” rating in a research note on Thursday, July 3rd. They now have a $40.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Proofpoint in a research note on Wednesday, May 21st. They now have a $45.00 price target on the stock.

In other Proofpoint news, Chairman Eric Hahn unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $33.77, for a total transaction of $337,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.