Proofpoint Inc (NASDAQ:PFPT) Expected to Post Earnings of $0.27 Per Share

Equities research analysts forecast that Proofpoint Inc (NASDAQ:PFPT) will post $0.27 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Proofpoint’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.25. Proofpoint reported earnings of $0.41 per share in the same quarter last year, which would indicate a negative year over year growth rate of 34.1%. The business is expected to report its next quarterly earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Proofpoint will report full-year earnings of $1.49 per share for the current year, with EPS estimates ranging from $1.42 to $1.56. For the next year, analysts expect that the company will post earnings of $2.09 per share, with EPS estimates ranging from $1.80 to $2.48. Zacks’ EPS averages are an average based on a survey of research firms that cover Proofpoint.

Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $249.77 million for the quarter, compared to analyst estimates of $245.52 million. Proofpoint had a negative return on equity of 10.15% and a negative net margin of 18.85%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share.

A number of analysts have recently commented on PFPT shares. BidaskClub upgraded Proofpoint from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley lifted their target price on Proofpoint from $108.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. BTIG Research reissued a “buy” rating and set a $151.00 price target on shares of Proofpoint in a research report on Friday, June 19th. Cowen lowered their target price on Proofpoint from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, First Analysis upgraded Proofpoint from an “outperform” rating to a “strong-buy” rating and set a $143.00 price target for the company in a research note on Wednesday, March 4th. Nine investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $140.73.

In related news, EVP Robert Darren Lee sold 1,728 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $115.00, for a total transaction of $198,720.00. Following the transaction, the executive vice president now directly owns 7,555 shares in the company, valued at $868,825. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Steele sold 20,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $108.88, for a total transaction of $2,177,600.00. Following the transaction, the chief executive officer now owns 105,954 shares in the company, valued at $11,536,271.52. The disclosure for this sale can be found here. Insiders have sold 53,491 shares of company stock valued at $5,951,962 over the last quarter. Corporate insiders own 2.38% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PFPT. Victory Capital Management Inc. raised its position in Proofpoint by 16.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,242,294 shares of the software maker’s stock worth $142,591,000 after acquiring an additional 174,075 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Proofpoint in the fourth quarter valued at approximately $34,000. Private Advisor Group LLC bought a new stake in shares of Proofpoint in the fourth quarter valued at approximately $380,000. Banque Cantonale Vaudoise bought a new stake in shares of Proofpoint in the fourth quarter valued at approximately $371,000. Finally, Bank of Montreal Can raised its position in shares of Proofpoint by 206.9% in the fourth quarter. Bank of Montreal Can now owns 43,321 shares of the software maker’s stock valued at $4,972,000 after purchasing an additional 29,205 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Proofpoint stock traded down $1.29 during trading on Tuesday, reaching $108.20. The stock had a trading volume of 662,500 shares, compared to its average volume of 711,099. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of -35.62 and a beta of 1.37. The stock has a fifty day moving average price of $112.46 and a two-hundred day moving average price of $115.35. Proofpoint has a 52 week low of $83.81 and a 52 week high of $133.58. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.43.

Proofpoint Company Profile

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.

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