News coverage about Proofpoint (NASDAQ:PFPT) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Proofpoint Kicks Off FedRAMP Certification for Cloud Email Protection and Information Security, Coupled with Common Criteria Testing (finance.yahoo.com)
- Proofpoint Inc (PFPT) Needle Moving on Volume – Evergreen Caller (evergreencaller.com)
- EPS for Proofpoint Inc (PFPT) Expected At $-0.26 – WeeklyHub (weeklyhub.com)
- Proofpoint, Inc. (PFPT) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Proofpoint, Inc. (PFPT) has a value of $86.79 per share While Verint Systems Inc. (VRNT) is stand at $41.10 – Stocks Gallery (stocksgallery.com)
A number of research analysts have recently weighed in on PFPT shares. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, April 24th. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 price target on shares of Proofpoint in a report on Sunday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $90.00 price target on shares of Proofpoint in a report on Sunday, April 23rd. Deutsche Bank AG reiterated a “buy” rating and set a $90.00 price target (up from $85.00) on shares of Proofpoint in a report on Sunday, April 23rd. Finally, Wunderlich reiterated a “buy” rating and set a $93.00 price target on shares of Proofpoint in a report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.95.
Shares of Proofpoint (NASDAQ PFPT) traded down 2.69% during midday trading on Tuesday, reaching $85.58. The company’s stock had a trading volume of 417,952 shares. The company’s 50-day moving average price is $84.85 and its 200-day moving average price is $79.14. The company’s market cap is $3.74 billion. Proofpoint has a 12 month low of $57.13 and a 12 month high of $94.33.
Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Proofpoint had a negative net margin of 25.63% and a negative return on equity of 126.46%. The business had revenue of $113.30 million for the quarter, compared to analyst estimates of $110.60 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 43.4% on a year-over-year basis. On average, equities analysts anticipate that Proofpoint will post $0.59 EPS for the current fiscal year.
In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $76.75, for a total value of $383,750.00. Following the transaction, the chairman now directly owns 78,626 shares of the company’s stock, valued at $6,034,545.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $92.45, for a total transaction of $277,350.00. Following the completion of the transaction, the executive vice president now directly owns 16,874 shares in the company, valued at $1,560,001.30. The disclosure for this sale can be found here. Insiders sold 187,549 shares of company stock worth $15,250,544 over the last ninety days. Corporate 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.
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