Proofpoint Inc. (NASDAQ:PFPT) is set to issue its quarterly earnings data after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Proofpoint has set its Q3 guidance at $0.04-0.06 EPS and its FY16 guidance at $0.06-0.10 EPS.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.13. The business earned $89.90 million during the quarter, compared to analysts’ expectations of $84.22 million. Proofpoint had a negative return on equity of 120.27% and a negative net margin of 41.46%. On average, analysts expect Proofpoint to post $-1.69 EPS for the current fiscal year and $-1.58 EPS for the next fiscal year.

Earnings History for Proofpoint (NASDAQ:PFPT)

Proofpoint Inc. (NASDAQ:PFPT) opened at 70.30 on Tuesday. The firm’s market capitalization is $2.95 billion. The stock’s 50 day moving average price is $75.24 and its 200 day moving average price is $66.01. Proofpoint Inc. has a 52-week low of $35.56 and a 52-week high of $80.68.

Several equities research analysts have recently issued reports on the company. Deutsche Bank AG restated a “buy” rating on shares of Proofpoint in a report on Friday. DA Davidson assumed coverage on Proofpoint in a report on Tuesday, October 4th. They set a “neutral” rating and a $80.00 price objective on the stock. Wells Fargo & Co. restated a “buy” rating on shares of Proofpoint in a report on Sunday, September 25th. Zacks Investment Research lowered Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Finally, Wunderlich began coverage on Proofpoint in a research report on Tuesday, September 13th. They issued a “buy” rating and a $90.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Proofpoint presently has an average rating of “Buy” and an average target price of $79.44.

In other news, EVP David Knight sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $70.20, for a total transaction of $702,000.00. Following the completion of the sale, the executive vice president now directly owns 15,889 shares in the company, valued at $1,115,407.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dana L. Evan sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $74.16, for a total value of $111,240.00. Following the sale, the director now owns 8,993 shares of the company’s stock, valued at $666,920.88. The disclosure for this sale can be found here. Insiders own 6.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in PFPT. Principal Financial Group Inc. increased its stake in shares of Proofpoint by 3.4% in the second quarter. Principal Financial Group Inc. now owns 5,461 shares of the company’s stock valued at $345,000 after buying an additional 179 shares in the last quarter. BlackRock Investment Management LLC increased its stake in shares of Proofpoint by 11.7% in the second quarter. BlackRock Investment Management LLC now owns 152,721 shares of the company’s stock valued at $9,635,000 after buying an additional 16,029 shares in the last quarter. BlackRock Inc. increased its stake in shares of Proofpoint by 29.0% in the second quarter. BlackRock Inc. now owns 3,463 shares of the company’s stock valued at $219,000 after buying an additional 779 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Proofpoint by 3.4% in the second quarter. BlackRock Fund Advisors now owns 1,089,143 shares of the company’s stock valued at $68,714,000 after buying an additional 35,331 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Proofpoint by 7.0% in the second quarter. BlackRock Group LTD now owns 28,875 shares of the company’s stock valued at $1,822,000 after buying an additional 1,882 shares in the last quarter.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

5 Day Chart for NASDAQ:PFPT

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