Proofpoint, Inc. (NASDAQ:PFPT) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $138-140 million, compared to the consensus revenue estimate of $138.53 million.Proofpoint also updated its FY18 guidance to $0.96-1.03 EPS.

Shares of Proofpoint, Inc. (PFPT) opened at 95.10 on Friday. The company’s 50-day moving average price is $91.31 and its 200 day moving average price is $86.32. Proofpoint, Inc. has a one year low of $69.19 and a one year high of $97.00. The company’s market cap is $4.22 billion.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, October 19th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The business had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The firm’s quarterly revenue was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities research analysts anticipate that Proofpoint, Inc. will post $0.65 earnings per share for the current year.

PFPT has been the subject of a number of recent research reports. FBN Securities reiterated an outperform rating and set a $105.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Saturday, September 9th. Cowen and Company initiated coverage on Proofpoint in a research note on Thursday, August 17th. They set an outperform rating and a $105.00 price objective for the company. Wedbush reiterated an outperform rating and set a $93.00 price objective (down previously from $98.00) on shares of Proofpoint in a research note on Friday, July 14th. Robert W. Baird reiterated a hold rating and set a $95.00 price objective on shares of Proofpoint in a research note on Friday, October 13th. Finally, Deutsche Bank AG reiterated a buy rating and set a $114.00 price objective (up previously from $100.00) on shares of Proofpoint in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $100.28.

In other Proofpoint news, EVP David Knight sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total transaction of $272,280.00. Following the completion of the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at $1,531,484.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tracey Newell sold 8,183 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $88.59, for a total value of $724,931.97. Following the sale, the executive vice president now directly owns 25,762 shares of the company’s stock, valued at approximately $2,282,255.58. The disclosure for this sale can be found here. Insiders sold 168,549 shares of company stock valued at $15,226,339 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

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Proofpoint Company Profile

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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