Wall Street brokerages expect that Proofpoint, Inc. (NASDAQ:PFPT) will report $139.83 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Proofpoint’s earnings. The lowest sales estimate is $138.83 million and the highest is $141.90 million. Proofpoint posted sales of $106.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.9%. The business is expected to announce its next earnings report on Thursday, January 25th.
On average, analysts expect that Proofpoint will report full year sales of $139.83 million for the current year, with estimates ranging from $508.00 million to $509.89 million. For the next financial year, analysts expect that the business will report sales of $650.79 million per share, with estimates ranging from $645.94 million to $669.16 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Proofpoint.
Proofpoint (NASDAQ:PFPT) last released its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.07. The firm had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 EPS.
Several research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $103.00 price target on shares of Proofpoint in a research report on Thursday, August 31st. Robert W. Baird reaffirmed a “hold” rating and set a $100.00 price target on shares of Proofpoint in a research report on Tuesday. Oppenheimer Holdings, Inc. assumed coverage on Proofpoint in a research report on Wednesday, November 1st. They set a “market perform” rating on the stock. Imperial Capital reaffirmed an “outperform” rating and set a $102.00 price target (up previously from $100.00) on shares of Proofpoint in a research report on Wednesday, August 2nd. Finally, Cowen and Company assumed coverage on Proofpoint in a research report on Thursday, August 17th. They set an “outperform” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $101.70.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $94.82, for a total value of $775,912.06. Following the transaction, the executive vice president now directly owns 25,001 shares of the company’s stock, valued at approximately $2,370,594.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $89.54, for a total value of $3,581,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,551 shares in the company, valued at $7,928,856.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,549 shares of company stock worth $15,226,339. Insiders own 6.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of Proofpoint by 0.4% during the 2nd quarter. Comerica Bank now owns 13,207 shares of the software maker’s stock valued at $1,210,000 after acquiring an additional 51 shares during the period. Creative Planning lifted its position in shares of Proofpoint by 7.4% during the 2nd quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after acquiring an additional 154 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Proofpoint by 5.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the software maker’s stock valued at $339,000 after acquiring an additional 200 shares during the period. Principal Financial Group Inc. lifted its position in shares of Proofpoint by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 5,976 shares of the software maker’s stock valued at $519,000 after acquiring an additional 216 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Proofpoint by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 22,631 shares of the software maker’s stock valued at $1,965,000 after acquiring an additional 222 shares during the period.
Shares of Proofpoint (NASDAQ:PFPT) opened at $90.26 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 11.57. Proofpoint has a 12 month low of $69.19 and a 12 month high of $97.92.
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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