Proofpoint Inc (PFPT) Expected to Post Earnings of $0.33 Per Share

Wall Street analysts predict that Proofpoint Inc (NASDAQ:PFPT) will post earnings per share of $0.33 for the current quarter, Zacks reports. Ten analysts have made estimates for Proofpoint’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.30. Proofpoint reported earnings per share of $0.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The company is expected to issue its next earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that Proofpoint will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.13 to $1.28. For the next financial year, analysts forecast that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.46 to $2.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Proofpoint.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative net margin of 14.08% and a negative return on equity of 14.27%. The firm had revenue of $184.18 million for the quarter, compared to the consensus estimate of $181.69 million.



PFPT has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $136.00 price target on shares of Proofpoint in a research note on Wednesday, July 11th. Zacks Investment Research downgraded shares of Proofpoint from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. BidaskClub raised shares of Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 price target on shares of Proofpoint in a research note on Friday, July 27th. Finally, Monness Crespi & Hardt lifted their price target on shares of Proofpoint from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $126.10.

In other news, Director Michael M. Johnson sold 1,040 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $115.30, for a total value of $119,912.00. Following the completion of the sale, the director now owns 2,687 shares of the company’s stock, valued at approximately $309,811.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Steele sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $98.64, for a total transaction of $4,932,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,960 shares of the company’s stock, valued at approximately $15,285,254.40. The disclosure for this sale can be found here. Insiders sold a total of 288,560 shares of company stock valued at $27,215,422 in the last three months. Insiders own 5.96% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Proofpoint by 2.5% in the 2nd quarter. FMR LLC now owns 1,240,931 shares of the software maker’s stock valued at $143,092,000 after buying an additional 30,271 shares during the period. Jennison Associates LLC boosted its holdings in shares of Proofpoint by 73.3% in the 2nd quarter. Jennison Associates LLC now owns 575,544 shares of the software maker’s stock valued at $66,366,000 after buying an additional 243,380 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Proofpoint by 2.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 558,930 shares of the software maker’s stock valued at $64,450,000 after buying an additional 15,752 shares during the period. Fred Alger Management Inc. boosted its holdings in shares of Proofpoint by 13.8% in the 2nd quarter. Fred Alger Management Inc. now owns 499,196 shares of the software maker’s stock valued at $57,562,000 after buying an additional 60,681 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Proofpoint by 111.0% in the 3rd quarter. First Trust Advisors LP now owns 441,552 shares of the software maker’s stock valued at $46,950,000 after buying an additional 232,321 shares during the period. 95.48% of the stock is owned by institutional investors and hedge funds.

Proofpoint stock traded down $15.44 during midday trading on Friday, hitting $83.55. 7,406,047 shares of the stock were exchanged, compared to its average volume of 1,086,458. Proofpoint has a 1 year low of $75.92 and a 1 year high of $130.27. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -63.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.65.

Proofpoint Company Profile

Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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