Proofpoint Inc to Post Q1 2018 Earnings of ($0.34) Per Share, Imperial Capital Forecasts (PFPT)
Proofpoint Inc (NASDAQ:PFPT) – Equities research analysts at Imperial Capital issued their Q1 2018 earnings per share (EPS) estimates for Proofpoint in a note issued to investors on Thursday. Imperial Capital analyst M. Kim anticipates that the software maker will post earnings of ($0.34) per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $120.00 price target on the stock.
Several other brokerages also recently weighed in on PFPT. JMP Securities increased their price target on Proofpoint from $95.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Friday, January 26th. Robert W. Baird increased their price target on Proofpoint from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $114.00 price target (up from $108.00) on shares of Proofpoint in a research report on Wednesday, February 7th. Monness Crespi & Hardt increased their price target on Proofpoint from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price target on Proofpoint from $100.00 to $112.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $107.63.
Proofpoint (NASDAQ:PFPT) last issued its earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. The company had revenue of $145.40 million during the quarter, compared to analyst estimates of $139.61 million. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The firm’s quarterly revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS.
In other news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $96.54, for a total transaction of $789,986.82. Following the sale, the executive vice president now directly owns 23,376 shares in the company, valued at approximately $2,256,719.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Eric Hahn sold 5,000 shares of Proofpoint stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $93.91, for a total value of $469,550.00. Following the completion of the sale, the chairman now owns 33,001 shares in the company, valued at $3,099,123.91. The disclosure for this sale can be found here. Insiders have sold a total of 162,549 shares of company stock worth $14,633,456 over the last 90 days. Insiders own 5.96% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Exane Derivatives boosted its holdings in Proofpoint by 901.8% in the 4th quarter. Exane Derivatives now owns 1,713 shares of the software maker’s stock worth $152,000 after buying an additional 1,542 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Proofpoint in the 2nd quarter worth about $215,000. Gotham Asset Management LLC acquired a new stake in Proofpoint in the 2nd quarter worth about $222,000. Sigma Planning Corp acquired a new stake in Proofpoint in the 4th quarter worth about $238,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Proofpoint in the 2nd quarter worth about $253,000.
ILLEGAL ACTIVITY NOTICE: “Proofpoint Inc to Post Q1 2018 Earnings of ($0.34) Per Share, Imperial Capital Forecasts (PFPT)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/proofpoint-inc-to-post-q1-2018-earnings-of-0-34-per-share-imperial-capital-forecasts-pfpt/1860134.html.
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.
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.