Proofpoint (NASDAQ:PFPT) Issues Q3 Earnings Guidance

Proofpoint (NASDAQ:PFPT) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.37-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $260-262 million, compared to the consensus revenue estimate of $253.98 million.Proofpoint also updated its FY 2020
After-Hours guidance to 1.64-1.70 EPS.

PFPT stock traded down $9.60 during trading on Friday, reaching $115.67. The stock had a trading volume of 2,799,225 shares, compared to its average volume of 621,516. Proofpoint has a 1-year low of $83.81 and a 1-year high of $133.58. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a fifty day moving average price of $114.22 and a 200 day moving average price of $115.53.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.78. Proofpoint had a negative net margin of 17.35% and a negative return on equity of 7.09%. The firm had revenue of $258.44 million for the quarter, compared to analyst estimates of $252.95 million. On average, research analysts anticipate that Proofpoint will post -1.04 earnings per share for the current fiscal year.

Several research analysts have recently commented on PFPT shares. Citigroup lifted their target price on Proofpoint from $147.00 to $166.00 and gave the stock a buy rating in a research report on Friday, May 8th. Morgan Stanley lifted their target price on Proofpoint from $126.00 to $131.00 and gave the stock an equal weight rating in a research report on Friday. Oppenheimer reiterated a hold rating on shares of Proofpoint in a research report on Friday. Northland Securities lifted their target price on Proofpoint from $145.00 to $153.00 and gave the stock an outperform rating in a research report on Friday. Finally, Robert W. Baird restated a buy rating on shares of Proofpoint in a research report on Friday. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $142.68.

In other news, CEO Gary Steele sold 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $113.21, for a total value of $1,132,100.00. Following the sale, the chief executive officer now owns 83,859 shares of the company’s stock, valued at approximately $9,493,677.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Darren Lee sold 1,727 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $115.22, for a total value of $198,984.94. Following the completion of the sale, the executive vice president now directly owns 6,094 shares in the company, valued at approximately $702,150.68. The disclosure for this sale can be found here. Insiders have sold a total of 78,892 shares of company stock worth $9,347,982 in the last ninety days. 2.93% of the stock is owned by company insiders.

Proofpoint Company Profile

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.

Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.