Wall Street brokerages predict that Proofpoint Inc (NASDAQ:PFPT) will post $0.32 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Proofpoint’s earnings, with the lowest EPS estimate coming in at ($0.39) and the highest estimate coming in at $0.42. Proofpoint posted earnings of $0.41 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 22%. The business is scheduled to issue its next earnings report on Thursday, July 23rd.

According to Zacks, analysts expect that Proofpoint will report full-year earnings of $1.49 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.56. For the next year, analysts forecast that the firm will post earnings of $2.09 per share, with EPS estimates ranging from $1.80 to $2.48. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Proofpoint.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.11. Proofpoint had a negative return on equity of 10.09% and a negative net margin of 18.85%. The business had revenue of $249.77 million during the quarter, compared to analyst estimates of $245.52 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. Proofpoint’s revenue for the quarter was up 23.1% on a year-over-year basis.

PFPT has been the topic of several research analyst reports. ValuEngine upgraded Proofpoint from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Northland Securities restated a “buy” rating and issued a $145.00 price objective on shares of Proofpoint in a research report on Friday, May 8th. Zacks Investment Research upgraded Proofpoint from a “sell” rating to a “hold” rating and set a $123.00 price objective on the stock in a research report on Monday, April 13th. Citigroup boosted their price objective on Proofpoint from $147.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Wedbush boosted their price objective on Proofpoint from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Proofpoint currently has a consensus rating of “Buy” and an average target price of $140.73.

In other news, EVP Robert Darren Lee sold 1,728 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $115.00, for a total transaction of $198,720.00. Following the transaction, the executive vice president now owns 7,555 shares of the company’s stock, valued at $868,825. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary Steele sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $116.85, for a total value of $2,337,000.00. Following the transaction, the chief executive officer now directly owns 144,866 shares in the company, valued at approximately $16,927,592.10. The disclosure for this sale can be found here. Insiders have sold 66,728 shares of company stock worth $7,221,895 over the last three months. 2.93% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in shares of Proofpoint during the first quarter valued at approximately $789,000. Paloma Partners Management Co bought a new position in Proofpoint in the first quarter worth approximately $248,000. AXA grew its stake in Proofpoint by 56.8% in the first quarter. AXA now owns 722,303 shares of the software maker’s stock worth $74,101,000 after purchasing an additional 261,787 shares in the last quarter. Invesco Ltd. grew its stake in Proofpoint by 609.8% in the first quarter. Invesco Ltd. now owns 188,666 shares of the software maker’s stock worth $19,355,000 after purchasing an additional 162,086 shares in the last quarter. Finally, Morgan Stanley grew its stake in Proofpoint by 5.8% in the first quarter. Morgan Stanley now owns 381,952 shares of the software maker’s stock worth $39,183,000 after purchasing an additional 20,932 shares in the last quarter. 96.94% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:PFPT traded down $1.03 during mid-day trading on Friday, hitting $115.61. 609,272 shares of the company traded hands, compared to its average volume of 686,756. The stock’s fifty day moving average price is $114.69 and its 200-day moving average price is $116.61. Proofpoint has a one year low of $83.81 and a one year high of $133.58. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of -37.05 and a beta of 1.41. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.33.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

Read More: Stocks at 52 Week High

Get a free copy of the Zacks research report on Proofpoint (PFPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Proofpoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proofpoint and related companies with MarketBeat.com's FREE daily email newsletter.