Wall Street analysts forecast that Proofpoint Inc (NASDAQ:PFPT) will announce earnings of $0.34 per share for the current quarter, according to Zacks. Ten analysts have made estimates for Proofpoint’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.32. Proofpoint posted earnings of $0.30 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next earnings report after the market closes on Thursday, April 25th.
On average, analysts expect that Proofpoint will report full-year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.74. For the next financial year, analysts expect that the company will report earnings of $2.22 per share, with EPS estimates ranging from $1.92 to $2.48. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Proofpoint.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, January 31st. The software maker reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.15. The firm had revenue of $198.48 million during the quarter, compared to the consensus estimate of $192.92 million. Proofpoint had a negative net margin of 14.47% and a negative return on equity of 12.20%.
A number of equities analysts recently weighed in on PFPT shares. Piper Jaffray Companies lifted their target price on shares of Proofpoint from $120.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. BidaskClub raised shares of Proofpoint from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 10th. Bank of America started coverage on shares of Proofpoint in a research note on Friday, April 12th. They set a “buy” rating and a $155.00 target price for the company. Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Proofpoint in a research note on Friday, April 12th. Finally, KeyCorp lifted their target price on shares of Proofpoint from $120.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday, February 25th. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and an average price target of $127.57.
Shares of PFPT stock traded up $2.21 during trading hours on Tuesday, hitting $126.19. 546,644 shares of the company’s stock traded hands, compared to its average volume of 604,634. The company has a market capitalization of $6.84 billion, a P/E ratio of -109.73 and a beta of 1.83. Proofpoint has a 12 month low of $75.92 and a 12 month high of $130.27.
In other Proofpoint news, CEO Gary Steele sold 20,000 shares of Proofpoint stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $122.16, for a total value of $2,443,200.00. Following the completion of the sale, the chief executive officer now directly owns 162,209 shares of the company’s stock, valued at $19,815,451.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Darren Lee sold 8,031 shares of Proofpoint stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $114.43, for a total transaction of $918,987.33. Following the completion of the sale, the senior vice president now directly owns 6,698 shares of the company’s stock, valued at $766,452.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,958 shares of company stock valued at $16,011,870. Insiders own 3.37% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Moody Lynn & Lieberson LLC acquired a new position in shares of Proofpoint during the first quarter valued at about $256,000. Brinker Capital Inc. acquired a new position in shares of Proofpoint during the first quarter valued at about $648,000. Alpha Windward LLC acquired a new position in shares of Proofpoint during the first quarter valued at about $474,000. Scout Investments Inc. acquired a new position in shares of Proofpoint during the first quarter valued at about $23,398,000. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Proofpoint during the first quarter valued at about $831,000. 95.85% of the stock is owned by hedge funds and other institutional investors.
Proofpoint, Inc operates as a security-as-a-service 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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