Wall Street brokerages expect Proofpoint Inc (NASDAQ:PFPT) to report ($0.26) earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for Proofpoint’s earnings. The lowest EPS estimate is ($0.28) and the highest is ($0.24). Proofpoint reported earnings of ($0.39) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that Proofpoint will report full year earnings of ($0.97) per share for the current year, with EPS estimates ranging from ($1.04) to ($0.87). For the next year, analysts anticipate that the firm will report earnings of ($0.83) per share, with EPS estimates ranging from ($1.19) to ($0.32). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Proofpoint.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Proofpoint had a negative net margin of 29.62% and a negative return on equity of 110.22%. The company had revenue of $113.30 million for the quarter, compared to analysts’ expectations of $110.60 million. During the same quarter last year, the company posted ($0.09) earnings per share. The firm’s quarterly revenue was up 43.4% on a year-over-year basis.

A number of brokerages have issued reports on PFPT. Imperial Capital upped their price target on shares of Proofpoint from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Sunday, January 29th. Wedbush reissued an “outperform” rating and set a $90.00 price target on shares of Proofpoint in a report on Monday, April 3rd. FBN Securities began coverage on shares of Proofpoint in a report on Monday. They set an “outperform” rating and a $95.00 price target on the stock. Piper Jaffray Companies set a $90.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, April 21st. Finally, Wunderlich reaffirmed a “buy” rating and set a $93.00 price objective on shares of Proofpoint in a report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given 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 an average price target of $84.96.

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Shares of Proofpoint (NASDAQ:PFPT) traded up 1.44% during midday trading on Friday, reaching $89.42. 837,146 shares of the company traded hands. Proofpoint has a 1-year low of $57.05 and a 1-year high of $89.65. The company’s market capitalization is $3.91 billion. The company has a 50 day moving average price of $79.17 and a 200 day moving average price of $78.46.

In other Proofpoint news, SVP Robert Darren Lee sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 5,881 shares of the company’s stock, valued at $437,311.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $80.50, for a total transaction of $402,500.00. Following the sale, the chairman now directly owns 80,760 shares in the company, valued at approximately $6,501,180. The disclosure for this sale can be found here. In the last three months, insiders sold 196,799 shares of company stock valued at $15,650,932. Insiders own 6.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Proofpoint by 22,439.7% in the first quarter. BlackRock Inc. now owns 3,193,429 shares of the software maker’s stock worth $237,464,000 after buying an additional 3,179,261 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Proofpoint by 161.6% in the first quarter. Artisan Partners Limited Partnership now owns 2,313,715 shares of the software maker’s stock worth $172,048,000 after buying an additional 1,429,192 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Proofpoint during the third quarter worth approximately $54,501,000. Garelick Capital Partners LP acquired a new position in shares of Proofpoint during the first quarter worth approximately $16,259,000. Finally, Vanguard Group Inc. boosted its position in shares of Proofpoint by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,314,857 shares of the software maker’s stock worth $246,493,000 after buying an additional 207,412 shares during the last quarter.

Proofpoint Company Profile

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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