Media stories about Proofpoint (NASDAQ:PFPT) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.3785120107686 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Cowen Reiterates “Buy” Rating for Proofpoint (PFPT) (americanbankingnews.com)
- King Luther Capital Management Corp Sells 3,065 Shares of Proofpoint Inc (PFPT) (americanbankingnews.com)
- Proofpoint Completes the Acquisition of Wombat Security (finance.yahoo.com)
- Proofpoint Inc (PFPT) Shares Bought by First Trust Advisors LP (americanbankingnews.com)
- Teacher Retirement System of Texas Raises Stake in Proofpoint Inc (PFPT) (americanbankingnews.com)
Several equities research analysts have issued reports on the stock. Cowen reissued a “buy” rating on shares of Proofpoint in a report on Thursday. Dougherty & Co boosted their price target on shares of Proofpoint from $108.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their price target on shares of Proofpoint from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. TheStreet raised shares of Proofpoint from a “d” rating to a “c-” rating in a report on Wednesday, February 7th. Finally, Wedbush reissued an “outperform” rating and issued a $106.00 price target (down previously from $108.00) on shares of Proofpoint in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $107.63.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The business had revenue of $145.40 million for the quarter, compared to analyst estimates of $139.61 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. sell-side analysts predict that Proofpoint will post -0.91 EPS for the current fiscal year.
In other Proofpoint news, EVP Tracey Newell sold 8,187 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $106.35, for a total transaction of $870,687.45. Following the sale, the executive vice president now owns 24,723 shares of the company’s stock, valued at approximately $2,629,291.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bhagwat Swaroop sold 900 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total transaction of $88,974.00. Following the sale, the executive vice president now directly owns 4,077 shares in the company, valued at approximately $403,052.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,303 shares of company stock worth $17,637,911. Insiders own 5.96% of the company’s stock.
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Proofpoint Company Profile
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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