$0.35 Earnings Per Share Expected for Proofpoint Inc (PFPT) This Quarter
Analysts expect Proofpoint Inc (NASDAQ:PFPT) to announce $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Proofpoint’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.34. Proofpoint posted earnings per share of $0.29 during the same quarter last year, which indicates a positive year over year growth rate of 20.7%. The company is scheduled to report its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Proofpoint will report full year earnings of $1.32 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.38. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.66 per share, with EPS estimates ranging from $1.57 to $1.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Proofpoint.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.73. Proofpoint had a negative return on equity of 11.86% and a negative net margin of 14.08%. The business had revenue of $184.18 million during the quarter, compared to analyst estimates of $181.69 million.
Shares of PFPT stock traded down $4.46 during trading hours on Wednesday, reaching $85.54. The company had a trading volume of 39,824 shares, compared to its average volume of 1,195,160. Proofpoint has a twelve month low of $75.92 and a twelve month high of $130.27. The firm has a market cap of $4.92 billion, a P/E ratio of -65.31 and a beta of 1.42.
In other Proofpoint news, EVP David Knight sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $116.45, for a total transaction of $174,675.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bhagwat Swaroop sold 1,634 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $117.93, for a total value of $192,697.62. Following the transaction, the executive vice president now directly owns 2,291 shares in the company, valued at approximately $270,177.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,020 shares of company stock worth $16,494,490. 3.37% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA lifted its holdings in shares of Proofpoint by 181.1% in the 2nd quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock worth $160,000 after purchasing an additional 893 shares during the last quarter. World Asset Management Inc bought a new stake in shares of Proofpoint in the 2nd quarter worth approximately $205,000. CIBC Asset Management Inc bought a new stake in shares of Proofpoint in the 2nd quarter worth approximately $211,000. Hartford Investment Management Co. bought a new stake in shares of Proofpoint in the 2nd quarter worth approximately $230,000. Finally, HRT Financial LLC bought a new stake in shares of Proofpoint in the 3rd quarter worth approximately $221,000. 90.71% of the stock is currently owned by institutional investors and hedge funds.
Proofpoint, Inc operates as a security-as-a-service (SaaS) 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.
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