Proofpoint (PFPT) Earns News Sentiment Rating of 0.12

News articles about Proofpoint (NASDAQ:PFPT) have trended somewhat positive on Wednesday, Alpha One Sentiment Analysis reports. The research group, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Proofpoint earned a media sentiment score of 0.12 on Alpha One’s scale. Alpha One also assigned news articles about the software maker an impact score of 77 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Alpha One’s scoring:

A number of brokerages have recently weighed in on PFPT. FBN Securities began coverage on shares of Proofpoint in a research report on Monday. They set an “outperform” rating and a $95.00 price target on the stock. Zacks Investment Research cut shares of Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Rosenblatt Securities reissued a “buy” rating and set a $95.00 price target on shares of Proofpoint in a research report on Sunday, April 23rd. Stifel Nicolaus reissued a “buy” rating and set a $90.00 price target on shares of Proofpoint in a research report on Sunday, April 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Proofpoint in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $84.96.

Shares of Proofpoint (NASDAQ:PFPT) traded up 1.05% during midday trading on Wednesday, reaching $85.70. 552,998 shares of the company’s stock traded hands. Proofpoint has a 12 month low of $54.70 and a 12 month high of $88.48. The stock’s market cap is $3.75 billion. The stock has a 50 day moving average of $78.11 and a 200-day moving average of $78.25.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, April 20th. The software maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Proofpoint had a negative net margin of 29.62% and a negative return on equity of 110.22%. The firm had revenue of $113.30 million for the quarter, compared to analyst estimates of $110.60 million. During the same period last year, the firm earned ($0.09) earnings per share. The business’s quarterly revenue was up 43.4% compared to the same quarter last year. On average, equities research analysts forecast that Proofpoint will post $0.58 EPS for the current fiscal year.

In other Proofpoint news, CEO Gary Steele sold 40,000 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $80.63, for a total value of $3,225,200.00. Following the transaction, the chief executive officer now directly owns 73,432 shares of the company’s stock, valued at $5,920,822.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Darren Lee sold 3,000 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $74.36, for a total transaction of $223,080.00. Following the completion of the transaction, the senior vice president now directly owns 5,881 shares in the company, valued at $437,311.16. The disclosure for this sale can be found here. Insiders sold 214,799 shares of company stock worth $17,074,492 over the last ninety days. Insiders own 6.80% 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.

12 Month Chart for NASDAQ:PFPT

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