Somewhat Positive Press Coverage Somewhat Unlikely to Impact Proofpoint (PFPT) Share Price

Press coverage about Proofpoint (NASDAQ:PFPT) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Proofpoint earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.3965643789646 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Shares of PFPT stock traded down $1.32 during trading hours on Friday, hitting $118.69. 819,399 shares of the stock traded hands, compared to its average volume of 675,275. The stock has a market cap of $5,999.31, a P/E ratio of -62.14 and a beta of 1.31. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Proofpoint has a twelve month low of $70.30 and a twelve month high of $123.87.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $139.61 million. Proofpoint had a negative net margin of 16.37% and a negative return on equity of 54.09%. The company’s revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. equities research analysts expect that Proofpoint will post -1.01 EPS for the current fiscal year.

PFPT has been the subject of several recent research reports. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Wednesday, December 27th. KeyCorp reissued a “neutral” rating on shares of Proofpoint in a research note on Friday, November 24th. Evercore ISI reissued a “buy” rating and issued a $105.00 price objective on shares of Proofpoint in a research note on Wednesday, November 22nd. Wedbush reiterated an “outperform” rating and issued a $108.00 price target on shares of Proofpoint in a research note on Wednesday, January 3rd. Finally, Cowen reiterated a “buy” rating on shares of Proofpoint in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Proofpoint currently has an average rating of “Buy” and an average price target of $110.75.

In other news, EVP Bhagwat Swaroop sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $98.86, for a total transaction of $88,974.00. Following the completion of the sale, the executive vice president now owns 4,077 shares in the company, valued at approximately $403,052.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Eric Hahn sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $93.91, for a total transaction of $469,550.00. Following the sale, the chairman now owns 33,001 shares of the company’s stock, valued at approximately $3,099,123.91. The disclosure for this sale can be found here. Insiders have sold a total of 144,303 shares of company stock valued at $14,106,301 in the last 90 days. Insiders own 5.96% of the company’s stock.

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About Proofpoint

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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