Proofpoint Company Profile (NASDAQ:PFPT)

Proofpoint trades on the NASDAQ under the ticker symbol "PFPT."

Proofpoint, Inc. (NASDAQ:PFPT) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. The company earned $122.30 million during the quarter, compared to analysts' expectations of $119.58 million. Proofpoint had a negative return on equity of 126.46% and a negative net margin of 25.63%. The firm's revenue was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. View Proofpoint's Earnings History.

Proofpoint is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Proofpoint.

Proofpoint issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $0.62-0.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $503-506 million, compared to the consensus revenue estimate of $499.77 million.Proofpoint also updated its Q3 guidance to $0.16-0.18 EPS.

23 analysts have issued 12-month target prices for Proofpoint's shares. Their forecasts range from $32.00 to $115.00. On average, they anticipate Proofpoint's share price to reach $90.00 in the next year. View Analyst Ratings for Proofpoint.

Here are some recent quotes from research analysts about Proofpoint stock:

• 1. According to Zacks Investment Research, "Proofpoint is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance, and secure communications. The company recently reported mixed first-quarter 2017 results wherein its top line surpassed the Zacks Consensus Estimate but the bottom line missed the same. However, on a year-over-year basis, the company recorded improvement on both counts. Furthermore, an optimistic second-quarter outlook and upbeat full-year guidance are encouraging. The company’s sustained focus on launching new products, acquisitions and partnerships have helped it to register over 40% revenue growth continuously for the last few quarters. Nonetheless, since it continues to invest in sales and marketing, we anticipate this to remain a drag on the company’s bottom line in the near term. Intensifying competition and an uncertain macroeconomic environment add to its woes." (4/26/2017)
• 2. Robert W. Baird analysts commented, "We continue to view the shift to Microsoft Office 365 as a catalyst to move off a legacy incumbent. International revenue is only 16 percent of the total and represents a meaningful long-term opportunity but one that could take time to fully exploit," the firm added.Best-In-Class Leader In SecurityAlong with the downgrade, the firm also lowered its price target for the shares to $77 from $92."We would look to get constructive on the stock again in the event of a pullback or less concern regarding sales execution. We continue to believe Proofpoint is one of the best-in-class leaders in network security," (4/20/2017)
• 3. Wedbush analysts commented, "PFPT's visibility, sales execution, and product differentiation contribute to its quarterly consistency and sustained growth. Although the market for basic email protection is relatively mature, we think PFPT is growing the market and increasing its mid-teens share through its advanced threat offerings, cloud model, and an increasingly dangerous threat environment. Shares will probably be down this morning due to a slightly smaller 4Q beat, as linearity and churn returned to more typical levels following upticks in 2Q and 3Q. We're encouraged by a promising start for PFPT's new email fraud defense (EFD) offering, and more generally by the company's sustained momentum on all major metrics. With PFPT trading at 8.4x EV/ CY17E revenue and on track for mid-30% growth and margin expansion, we see the current entry point as very attractive." (1/27/2017)

Some companies that are related to Proofpoint include F5 Networks (FFIV), Fortinet (FTNT), LogMein (LOGM), CSRA (CSRA), Booz Allen Hamilton Holding Corporation (BAH), NCR Corporation (NCR), EPAM Systems (EPAM), Medidata Solutions (MDSO), Aspen Technology (AZPN), Teradata Corporation (TDC), GoDaddy (GDDY), InterXion Holding N.V. (INXN), DST Systems (DST), Wix.com (WIX), NetScout Systems (NTCT), Science Applications International Corporation (SAIC), CACI International (CACI) and Manhattan Associates (MANH).

Proofpoint's management team includes the folowing people:

• Eric A. Hahn, Founder, Independent Chairman of the Board
• Gary L. Steele, Chief Executive Officer, Director
• Paul R. Auvil III, Chief Financial Officer
• David Knight, Executive Vice President, General Manager Threat Systems Products
• Bhagwat Swaroop, Executive Vice President, General Manager Email Security Products Group
• Tracey E. Newell, Executive Vice President, Worldwide Sales and Customer Success
• Dana L. Evan CPA, Independent Director
• Jonathan D. Feiber, Independent Director
• Douglas F. Garn, Independent Director
• Kevin R. Harvey, Independent Director

Proofpoint's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include GW&K Investment Management LLC (0.68%), Sumitomo Mitsui Asset Management Company LTD (0.23%), Handelsbanken Fonder AB (0.19%), Russell Investments Group Ltd. (0.15%), Handelsinvest Investeringsforvaltning (0.08%) and Insight Capital Research & Management Inc. (0.06%). Company insiders that own Proofpoint stock include Anthony J Bettencourt, Bhagwat Swaroop, Dana L Evan, David Knight, Eric Hahn, Gary Steele, Paul R Auvil III, Robert Darren Lee and Tracey Newell. View Institutional Ownership Trends for Proofpoint.

Proofpoint's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Sumitomo Mitsui Asset Management Company LTD, US Bancorp DE, Alpha Windward LLC, Daiwa SB Investments Ltd. and Janney Montgomery Scott LLC. Company insiders that have sold Proofpoint stock in the last year include Bhagwat Swaroop, Dana L Evan, David Knight, Eric Hahn, Gary Steele, Paul R Auvil III, Robert Darren Lee and Tracey Newell. View Insider Buying and Selling for Proofpoint.

Proofpoint's stock was acquired by a variety of institutional investors in the last quarter, including GW&K Investment Management LLC, Insight Capital Research & Management Inc., Handelsinvest Investeringsforvaltning, Bank of Montreal Can, Crow Point Partners LLC, Public Employees Retirement Association of Colorado, Campbell & CO Investment Adviser LLC and Legato Capital Management LLC. View Insider Buying and Selling for Proofpoint.

Shares of Proofpoint can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Proofpoint stock can currently be purchased for approximately $88.44.