Brokerages predict that Proofpoint, Inc. (NASDAQ:PFPT) will report $132.18 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Proofpoint’s earnings, with estimates ranging from $130.94 million to $134.39 million. Proofpoint posted sales of $99.78 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.5%. The business is expected to announce its next earnings results on Thursday, October 19th.

On average, analysts expect that Proofpoint will report full year sales of $132.18 million for the current year, with estimates ranging from $504.50 million to $510.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $651.74 million per share, with estimates ranging from $641.88 million to $682.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Proofpoint.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.05. The business had revenue of $122.30 million during the quarter, compared to analyst estimates of $119.58 million. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The business’s revenue was up 36.0% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS.

PFPT has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $102.00 price target (up previously from $97.00) on shares of Proofpoint in a research report on Thursday, July 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Proofpoint in a research report on Friday, June 23rd. Northland Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Proofpoint in a research report on Friday, June 30th. FBN Securities initiated coverage on shares of Proofpoint in a research report on Monday, May 22nd. They set an “outperform” rating and a $95.00 target price on the stock. Finally, ValuEngine raised shares of Proofpoint from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.91.

Proofpoint (NASDAQ PFPT) traded up 1.37% on Friday, reaching $89.01. 237,365 shares of the company’s stock were exchanged. The stock’s market capitalization is $3.95 billion. Proofpoint has a 12 month low of $68.04 and a 12 month high of $97.00. The firm has a 50 day moving average of $88.88 and a 200 day moving average of $83.90.

In other news, EVP Bhagwat Swaroop sold 5,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $85.17, for a total value of $425,850.00. Following the sale, the executive vice president now owns 13,161 shares in the company, valued at approximately $1,120,922.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $87.69, for a total transaction of $717,567.27. Following the completion of the sale, the executive vice president now owns 15,195 shares in the company, valued at approximately $1,332,449.55. The disclosure for this sale can be found here. Insiders have sold 130,549 shares of company stock worth $11,524,841 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Large investors have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in shares of Proofpoint by 57.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after purchasing an additional 431 shares in the last quarter. Fortaleza Asset Management Inc. boosted its stake in shares of Proofpoint by 22.4% in the 2nd quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after purchasing an additional 310 shares in the last quarter. Creative Planning boosted its stake in shares of Proofpoint by 7.4% in the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after purchasing an additional 154 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Proofpoint in the 2nd quarter valued at $204,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Proofpoint in the 2nd quarter valued at $215,000.

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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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