Proofpoint Inc (PFPT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Proofpoint Inc (PFPT) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $-0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.14. The company posted revenue of $79.00 million in the period, compared to analysts expectations of $76.29 million. The company’s revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Proofpoint Inc. Proofpoint Inc was Initiated by Goldman to “Neutral” on Mar 21, 2016. Shares were Reiterated by FBR Capital on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 74 from a previous price target of $80 .Shares were Reiterated by Wedbush on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 77 from a previous price target of $82 .

Proofpoint Inc opened for trading at $51.68 and hit $54.43 on the upside on Monday, eventually ending the session at $53.69, with a gain of 3.39% or 1.76 points. The heightened volatility saw the trading volume jump to 6,88,517 shares. Company has a market cap of $2,210 M.

In a different news, on Apr 18, 2016, Gary Steele (Chief Executive Officer) sold 1,900 shares at $52.00 per share price. According to the SEC, on Apr 4, 2016, Tracey Newell (EVP, Worldwide Sales) sold 20,000 shares at $53.33 per share price. On Jan 25, 2016, David Knight (EVP&GM, Info Security Products) sold 3,700 shares at $60.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Proofpoint Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions including threat protection incident response regulatory compliance archiving governance eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform comprising solutions platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection Proofpoint Enterprise Privacy Proofpoint Enterprise Archive & Governance Proofpoint Nexgate Social Media Security & Compliance and Proofpoint Essentials. Its platform’s services include content inspection reputation encryption and key management notification and workflow and analytics and search.

Proofpoint Inc

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