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.

A number of research firms have recently issued reports on PFPT. Stifel Nicolaus increased their target price on Proofpoint to $130.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research restated a “hold” rating on shares of Proofpoint in a research note on Wednesday, November 14th. JMP Securities lowered their price objective on Proofpoint from $145.00 to $115.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Monness Crespi & Hardt lowered their price objective on Proofpoint from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, Royal Bank of Canada restated a “buy” rating and set a $140.00 price objective on shares of Proofpoint in a research note on Friday, July 27th. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Proofpoint has a consensus rating of “Buy” and an average target price of $125.05.

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.

About Proofpoint

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.

Further Reading: Bear Market – How and Why They Occur

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

Earnings History and Estimates for Proofpoint (NASDAQ:PFPT)

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.