Proofpoint, Inc. (NASDAQ:PFPT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Proofpoint to post earnings of $0.16 per share for the quarter. Proofpoint has set its Q3 guidance at $0.16-0.18 EPS and its FY17 guidance at $0.62-0.64 EPS.

Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings data on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The business had revenue of $122.30 million during the quarter, compared to analyst estimates of $119.58 million. During the same period last year, the company earned $0.06 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts expect Proofpoint to post $0.65 EPS for the current fiscal year and $1.01 EPS for the next fiscal year.

Shares of Proofpoint, Inc. (PFPT) opened at 92.67 on Wednesday. The company’s 50 day moving average price is $90.57 and its 200-day moving average price is $85.49. The company’s market capitalization is $4.12 billion. Proofpoint, Inc. has a 52 week low of $68.04 and a 52 week high of $97.00.

A number of research firms have recently weighed in on PFPT. Royal Bank Of Canada reaffirmed a “buy” rating and set a $103.00 price objective on shares of Proofpoint in a research report on Thursday, August 31st. Imperial Capital reaffirmed an “outperform” rating and set a $102.00 price objective (up previously from $100.00) on shares of Proofpoint in a research report on Wednesday, August 2nd. Cowen and Company began coverage on Proofpoint in a research report on Thursday, August 17th. They set an “outperform” rating and a $105.00 price objective on the stock. BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Macquarie reaffirmed an “outperform” rating and set a $103.00 price objective on shares of Proofpoint in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.08.

TRADEMARK VIOLATION WARNING: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/11/proofpoint-inc-pfpt-set-to-announce-earnings-on-wednesday.html.

In other news, CEO Gary Steele sold 40,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the completion of the sale, the chief executive officer now owns 88,551 shares in the company, valued at $7,928,856.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Knight sold 3,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total transaction of $272,280.00. Following the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at approximately $1,531,484.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,549 shares of company stock worth $15,179,369. Corporate insiders own 6.80% of the company’s stock.

About Proofpoint

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.

Earnings History for Proofpoint (NASDAQ:PFPT)

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.