Proofpoint Inc (NASDAQ:PFPT) – Stock analysts at Wedbush cut their Q1 2019 EPS estimates for shares of Proofpoint in a research note issued to investors on Tuesday, January 8th. Wedbush analyst S. Koenig now anticipates that the software maker will earn ($0.40) per share for the quarter, down from their prior estimate of ($0.32). Wedbush currently has a “Outperform” rating and a $115.00 target price on the stock. Wedbush also issued estimates for Proofpoint’s Q2 2019 earnings at ($0.36) EPS, Q3 2019 earnings at ($0.26) EPS, Q4 2019 earnings at ($0.20) EPS, FY2019 earnings at ($1.23) EPS and FY2020 earnings at ($0.78) EPS.
A number of other equities research analysts also recently commented on PFPT. ValuEngine downgraded Proofpoint from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 18th. BidaskClub downgraded Proofpoint from a “hold” rating to a “sell” rating in a research report on Thursday, September 20th. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Deutsche Bank cut their price objective on Proofpoint to $125.00 and set a “buy” rating for the company in a research report on Monday, October 1st. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Proofpoint in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $121.68.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 25th. The software maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.73. The firm had revenue of $184.18 million during the quarter, compared to the consensus estimate of $181.69 million. Proofpoint had a negative return on equity of 11.86% and a negative net margin of 14.08%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA increased its stake in shares of Proofpoint by 181.1% in the second quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock worth $160,000 after acquiring an additional 893 shares during the last quarter. HRT Financial LLC acquired a new position in shares of Proofpoint in the third quarter worth $221,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Proofpoint in the third quarter worth $256,000. Alps Advisors Inc. acquired a new position in shares of Proofpoint in the second quarter worth $282,000. Finally, Calamos Advisors LLC acquired a new position in shares of Proofpoint in the third quarter worth $305,000. 97.49% of the stock is currently owned by institutional investors and hedge funds.
In other Proofpoint news, CEO Gary Steele sold 50,000 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $95.31, for a total transaction of $4,765,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.37% of the stock is owned by insiders.
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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