Equities research analysts expect Proofpoint, Inc. (NASDAQ:PFPT) to report $120.40 million in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Proofpoint’s earnings. The lowest sales estimate is $119.05 million and the highest is $123.33 million. Proofpoint posted sales of $89.90 million during the same quarter last year, which suggests a positive year over year growth rate of 33.9%. The firm is expected to report its next earnings results after the market closes on Thursday, July 27th.

On average, analysts expect that Proofpoint will report full-year sales of $120.40 million for the current fiscal year, with estimates ranging from $491.57 million to $506.62 million. For the next fiscal year, analysts forecast that the company will report sales of $644.20 million per share, with estimates ranging from $635.44 million to $658.20 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Proofpoint.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. The firm had revenue of $113.30 million for the quarter, compared to analyst estimates of $110.60 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue was up 43.4% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Proofpoint in a research report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price target for the company. Susquehanna Bancshares Inc started coverage on shares of Proofpoint in a research report on Wednesday, June 7th. They issued a “positive” rating and a $106.00 price target for the company. ValuEngine raised shares of Proofpoint from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. FBN Securities started coverage on shares of Proofpoint in a report on Monday, May 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) cut shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 target price for the company. in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. Proofpoint presently has a consensus rating of “Buy” and a consensus price target of $86.95.

In other news, EVP David Knight sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $75.38, for a total value of $226,140.00. Following the sale, the executive vice president now directly owns 12,642 shares in the company, valued at $952,953.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $73.83, for a total transaction of $604,150.89. Following the completion of the sale, the executive vice president now owns 26,529 shares in the company, valued at $1,958,636.07. The disclosure for this sale can be found here. Insiders sold 195,732 shares of company stock worth $15,968,112 over the last quarter. Company insiders own 6.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC raised its stake in Proofpoint by 1.1% in the first quarter. Driehaus Capital Management LLC now owns 79,569 shares of the software maker’s stock valued at $5,917,000 after buying an additional 871 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of Proofpoint during the first quarter valued at about $225,000. AQR Capital Management LLC increased its position in shares of Proofpoint by 21.3% in the first quarter. AQR Capital Management LLC now owns 14,465 shares of the software maker’s stock valued at $1,076,000 after buying an additional 2,542 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Proofpoint during the first quarter valued at about $394,000. Finally, State Street Corp increased its position in shares of Proofpoint by 3.3% in the first quarter. State Street Corp now owns 791,294 shares of the software maker’s stock valued at $58,840,000 after buying an additional 25,368 shares during the last quarter.

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Shares of Proofpoint (NASDAQ PFPT) traded up 0.80% during trading on Friday, reaching $88.63. The company’s stock had a trading volume of 858,188 shares. The stock’s 50 day moving average price is $85.13 and its 200-day moving average price is $79.25. The stock’s market cap is $3.87 billion. Proofpoint has a 52-week low of $57.13 and a 52-week high of $94.33.

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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