Proofpoint (NASDAQ:PFPT) Getting Positive Media Coverage, Analysis Shows
Press coverage about Proofpoint (NASDAQ:PFPT) has been trending positive on Sunday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 66 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Proofpoint, Inc. (PFPT) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Research Analysts Issue Forecasts for Proofpoint, Inc.’s Q3 2017 Earnings (PFPT) (americanbankingnews.com)
- Proofpoint, Inc. (NASDAQ:PFPT) Receives Outperform Rating from Imperial Capital (americanbankingnews.com)
- Proofpoint to Present at KeyBanc Capital Markets 19th Annual Global Technology Leadership Forum (finance.yahoo.com)
- Proofpoint, Inc. breached its 50 day moving average in a Bearish Manner : PFPT-US : August 1, 2017 (finance.yahoo.com)
A number of equities analysts recently weighed in on PFPT shares. Wedbush restated an “outperform” rating and issued a $93.00 price objective (down from $98.00) on shares of Proofpoint in a report on Friday, July 14th. ValuEngine upgraded shares of Proofpoint from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Northland Securities restated a “buy” rating and issued a $100.00 price objective on shares of Proofpoint in a report on Friday, June 30th. Piper Jaffray Companies set a $90.00 price objective on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, April 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $95.00 price objective on shares of Proofpoint in a report on Sunday, April 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating to the company. Proofpoint has an average rating of “Buy” and a consensus target price of $92.78.
Shares of Proofpoint (NASDAQ:PFPT) traded down 0.19% on Friday, reaching $86.28. 317,316 shares of the company traded hands. Proofpoint has a 1-year low of $68.04 and a 1-year high of $94.33. The company has a 50-day moving average of $87.69 and a 200-day moving average of $82.18. The stock’s market capitalization is $3.83 billion.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The firm had revenue of $122.30 million during the quarter, compared to the consensus estimate of $119.58 million. During the same period last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis. Analysts anticipate that Proofpoint will post $0.65 earnings per share for the current fiscal year.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $84.14, for a total transaction of $688,517.62. Following the sale, the executive vice president now directly owns 14,730 shares of the company’s stock, valued at approximately $1,239,382.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bhagwat Swaroop sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $85.17, for a total transaction of $425,850.00. Following the sale, the executive vice president now directly owns 13,161 shares in the company, valued at $1,120,922.37. The disclosure for this sale can be found here. Insiders have sold a total of 186,299 shares of company stock worth $15,989,869 over the last ninety days. 6.80% of the stock is owned by corporate insiders.
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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