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

Media headlines about Proofpoint (NASDAQ:PFPT) have trended somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing 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 0.19 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.2925696494153 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

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

Proofpoint (NASDAQ PFPT) opened at $99.92 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 11.57. The stock has a market cap of $4,599.15, a price-to-earnings ratio of -52.31 and a beta of 1.39. Proofpoint has a 1 year low of $70.30 and a 1 year high of $104.62.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The business had revenue of $145.40 million for 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 131.99%. The company’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. equities research analysts predict that Proofpoint will post -0.86 earnings per share for the current year.

A number of brokerages have recently weighed in on PFPT. JMP Securities boosted their price objective on shares of Proofpoint from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Friday, January 26th. Robert W. Baird boosted their price objective on shares of Proofpoint from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush restated an “outperform” rating and issued a $114.00 price objective (up from $108.00) on shares of Proofpoint in a report on Wednesday. Monness Crespi & Hardt restated a “buy” rating and issued a $115.00 price objective (up from $110.00) on shares of Proofpoint in a report on Wednesday. Finally, Royal Bank of Canada lifted their target price on shares of Proofpoint from $100.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and a consensus target price of $107.21.

In other news, EVP Tracey Newell sold 8,183 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $96.54, for a total value of $789,986.82. Following the sale, the executive vice president now directly owns 23,376 shares of the company’s stock, valued at approximately $2,256,719.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $90.88, for a total transaction of $3,635,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,549 shares of company stock worth $14,900,426. Insiders own 5.96% 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.

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

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