Zacks Rating on Proofpoint (PFPT)

Proofpoint (PFPT) : 15 brokerage houses believe that Proofpoint (PFPT) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Proofpoint (PFPT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 19 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.26.

Proofpoint (PFPT) : The highest short term price target forecast on Proofpoint (PFPT) is $100 and the lowest target price is $52. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $80.87 with a standard deviation of $10.69.


Shares of Proofpoint, Inc. rose by 1.07% in the last five trading days and 4.34% for the last 4 weeks. Proofpoint, Inc. is up 34.71% in the last 3-month period. Year-to-Date the stock performance stands at 17.66%. Proofpoint (NASDAQ:PFPT): stock turned positive on Tuesday. Though the stock opened at $75.65, the bulls momentum made the stock top out at $76.98 level for the day. The stock recorded a low of $75.46 and closed the trading day at $76.49, in the green by 1.69%. The total traded volume for the day was 347,843. The stock had closed at $75.22 in the previous days trading.

Proofpoint, Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Companys 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 platforms services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.