Wall Street analysts predict that Proofpoint Inc (NASDAQ:PFPT) will report $0.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Proofpoint’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.18. Proofpoint posted earnings of $0.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Proofpoint will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $1.09. For the next financial year, analysts forecast that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.35 to $1.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Proofpoint.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The firm’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS.
In related news, SVP Robert Darren Lee sold 5,711 shares of the firm’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $81.45, for a total value of $465,160.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bhagwat Swaroop sold 900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $98.86, for a total value of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares of the company’s stock, valued at $403,052.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 139,303 shares of company stock valued at $13,511,751. 5.96% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives lifted its position in Proofpoint by 901.8% in the fourth quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after buying an additional 1,542 shares during the last quarter. Sigma Planning Corp bought a new stake in shares of Proofpoint during the fourth quarter worth $238,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Proofpoint during the second quarter worth $253,000. GSA Capital Partners LLP bought a new stake in shares of Proofpoint during the third quarter worth $317,000. Finally, Aperio Group LLC lifted its position in shares of Proofpoint by 24.2% during the third quarter. Aperio Group LLC now owns 4,461 shares of the software maker’s stock worth $389,000 after purchasing an additional 870 shares during the last quarter.
Shares of Proofpoint (PFPT) traded up $0.67 on Friday, reaching $119.69. 70,223 shares of the company’s stock were exchanged, compared to its average volume of 604,281. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.07. Proofpoint has a twelve month low of $70.30 and a twelve month high of $123.87. The stock has a market cap of $6,007.43, a price-to-earnings ratio of -62.66 and a beta of 1.31.
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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