Proofpoint Inc to Post Q1 2018 Earnings of ($0.34) Per Share, Imperial Capital Forecasts (PFPT)

Proofpoint Inc (NASDAQ:PFPT) – Equities researchers at Imperial Capital issued their Q1 2018 earnings estimates for shares of Proofpoint in a research report issued to clients and investors on Thursday. Imperial Capital analyst M. Kim anticipates that the software maker will earn ($0.34) per share for the quarter. Imperial Capital has a “Outperform” rating and a $120.00 price target on the stock.

Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $139.61 million. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The firm’s revenue for the quarter was up 36.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $100.00 price objective on Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. Dougherty & Co lifted their price objective on Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. TheStreet upgraded Proofpoint from a “d” rating to a “c-” rating in a research note on Wednesday, February 7th. Piper Jaffray Companies set a $100.00 price objective on Proofpoint and gave the company a “buy” rating in a research note on Sunday, October 15th. Finally, Wedbush reiterated an “outperform” rating and set a $106.00 price objective (down previously from $108.00) on shares of Proofpoint in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Proofpoint has a consensus rating of “Buy” and an average price target of $107.63.

Proofpoint (PFPT) opened at $97.05 on Monday. The stock has a market capitalization of $4,174.61, a price-to-earnings ratio of -50.81 and a beta of 1.39. Proofpoint has a one year low of $70.30 and a one year high of $104.62. The company has a debt-to-equity ratio of 11.57, a quick ratio of 1.51 and a current ratio of 1.51.

Several institutional investors and hedge funds have recently modified their holdings of PFPT. Exane Derivatives grew its holdings in shares of Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after acquiring an additional 1,542 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Proofpoint in the second quarter worth $215,000. Gotham Asset Management LLC bought a new stake in shares of Proofpoint in the second quarter worth $222,000. Sigma Planning Corp bought a new stake in shares of Proofpoint in the fourth quarter worth $238,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Proofpoint in the second quarter worth $253,000.

In related news, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $85.47, for a total value of $256,410.00. Following the completion of the sale, the executive vice president now owns 15,305 shares of the company’s stock, valued at $1,308,118.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total value of $789,986.82. Following the completion of the sale, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The disclosure for this sale can be found here. Insiders sold 162,549 shares of company stock valued at $14,633,456 in the last 90 days. Company insiders own 5.96% of the company’s stock.

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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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