Proofpoint Inc. (PFPT) to Release Earnings on Thursday
Proofpoint Inc. (NASDAQ:PFPT) will release its earnings data after the market closes on Thursday, October 20th. Analysts expect Proofpoint to post earnings of $0.05 per share for the quarter. Proofpoint has set its Q3 guidance at $0.04-0.06 EPS and its FY16 guidance at $0.06-0.10 EPS.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, July 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. Proofpoint had a negative net margin of 41.46% and a negative return on equity of 120.27%. The business had revenue of $89.90 million for the quarter, compared to the consensus estimate of $84.22 million. On average, analysts expect Proofpoint to post $-1.69 EPS for the current fiscal year and $-1.58 EPS for the next fiscal year.
Shares of Proofpoint Inc. (NASDAQ:PFPT) opened at 70.91 on Wednesday. Proofpoint Inc. has a 52-week low of $35.56 and a 52-week high of $80.68. The company’s 50-day moving average is $75.05 and its 200 day moving average is $66.13. The firm’s market capitalization is $2.98 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/19/proofpoint-inc-pfpt-to-release-earnings-on-thursday.html
In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $77.82, for a total transaction of $389,100.00. Following the transaction, the chairman now directly owns 121,215 shares in the company, valued at $9,432,951.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Knight sold 10,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $70.20, for a total transaction of $702,000.00. Following the transaction, the executive vice president now owns 15,889 shares in the company, valued at $1,115,407.80. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Proofpoint by 5.9% in the second quarter. US Bancorp DE now owns 2,067 shares of the company’s stock worth $130,000 after buying an additional 115 shares during the last quarter. BOKF NA acquired a new position in shares of Proofpoint during the second quarter worth approximately $193,000. Ameritas Investment Partners Inc. acquired a new position in shares of Proofpoint during the second quarter worth approximately $204,000. BlackRock Inc. boosted its position in shares of Proofpoint by 29.0% in the second quarter. BlackRock Inc. now owns 3,463 shares of the company’s stock worth $219,000 after buying an additional 779 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Proofpoint by 3.4% in the second quarter. Principal Financial Group Inc. now owns 5,461 shares of the company’s stock worth $345,000 after buying an additional 179 shares during the last quarter.
Several equities research analysts have recently weighed in on PFPT shares. Dougherty & Co upped their price target on Proofpoint from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Stifel Nicolaus upped their price target on Proofpoint from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Wunderlich upped their price target on Proofpoint from $75.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Wedbush reiterated a “buy” rating and set a $78.00 price target on shares of Proofpoint in a research report on Monday, July 11th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Proofpoint in a research report on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $79.44.
Proofpoint Company Profile
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
Receive News & Ratings for Proofpoint Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint Inc. and related companies with MarketBeat.com's FREE daily email newsletter.