Proofpoint (PFPT) Earning Favorable Press Coverage, Study Finds

Headlines about Proofpoint (NASDAQ:PFPT) have trended positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Proofpoint earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 43.95965638409 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

PFPT has been the subject of a number of recent research reports. Piper Jaffray Companies set a $100.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Sunday, September 10th. Stifel Nicolaus reissued a “buy” rating and set a $100.00 price target on shares of Proofpoint in a research note on Friday, September 8th. Deutsche Bank raised their price target on Proofpoint from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $103.00 price target on shares of Proofpoint in a research note on Thursday, August 31st. Finally, BidaskClub raised Proofpoint from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One 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. The stock currently has an average rating of “Buy” and a consensus price target of $102.09.

Shares of Proofpoint (PFPT) traded up $2.06 during midday trading on Thursday, reaching $86.30. The company’s stock had a trading volume of 463,122 shares, compared to its average volume of 633,359. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. Proofpoint has a 1-year low of $69.23 and a 1-year high of $97.92.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 19th. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $134.30 million during the quarter, compared to analyst estimates of $131.48 million. Proofpoint had a negative return on equity of 158.19% and a negative net margin of 20.19%. Proofpoint’s revenue was up 34.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. research analysts expect that Proofpoint will post -0.88 earnings per share for the current fiscal year.

In other Proofpoint news, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $90.53, for a total transaction of $452,650.00. Following the completion of the sale, the chairman now directly owns 53,701 shares of the company’s stock, valued at approximately $4,861,551.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tracey Newell sold 8,183 shares of Proofpoint stock in a transaction on Monday, September 18th. The shares were sold at an average price of $90.30, for a total value of $738,924.90. Following the completion of the transaction, the executive vice president now owns 20,170 shares in the company, valued at $1,821,351. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,549 shares of company stock valued at $19,147,540. 5.96% of the stock is currently owned by corporate insiders.

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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.

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