Proofpoint (PFPT) : During the past 4 weeks, traders have been relatively bearish on Proofpoint (PFPT), hence the stock is down -5.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.34% relative to the S&P 500. The 4-week change in the price of the stock is -5.68% and the stock has fallen -2.18% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 1.14%.The 200 Day SMA reached 22.62%
Proofpoint (NASDAQ:PFPT): The stock opened in the green at $75.79 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $75.79 and a low of $73.67 for the day. The stock did not find buyers even at the lows and closed at $74.85 recording a loss of -0.54%. 906,918 shares exchanged hands during the trading day. The stock had closed at $74.85 in the previous days trading.
Proofpoint (PFPT) stock is expected to deviate a maximum of $11.16 from the average target price of $81.86 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $52.
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.