Proofpoint (PFPT) Receiving Somewhat Positive News Coverage, Study Finds

Media stories about Proofpoint (NASDAQ:PFPT) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Proofpoint earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.132277254371 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

PFPT has been the topic of several analyst reports. Dougherty & Co upped their price target on Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Evercore ISI set a $105.00 price target on Proofpoint and gave the company a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $90.00 price target on shares of Proofpoint in a research report on Tuesday, July 25th. Needham & Company LLC initiated coverage on Proofpoint in a research report on Friday, July 21st. They set a “buy” rating and a $115.00 price target on the stock. Finally, Northland Securities reiterated a “buy” rating and set a $100.00 price target on shares of Proofpoint in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $99.08.

Proofpoint (NASDAQ:PFPT) opened at 94.20 on Monday. The company’s market capitalization is $4.18 billion. Proofpoint has a 52-week low of $68.04 and a 52-week high of $97.00. The company has a 50 day moving average of $90.28 and a 200 day moving average of $85.11.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $119.58 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 36.0% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. On average, equities research analysts forecast that Proofpoint will post $0.65 earnings per share for the current fiscal year.

In other Proofpoint news, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $84.54, for a total value of $253,620.00. Following the sale, the executive vice president now owns 16,874 shares of the company’s stock, valued at approximately $1,426,527.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of Proofpoint stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $87.11, for a total value of $3,484,400.00. Following the completion of the sale, the chief executive officer now directly owns 88,551 shares in the company, valued at approximately $7,713,677.61. The disclosure for this sale can be found here. Insiders have sold a total of 171,549 shares of company stock worth $15,223,389 in the last three months. 6.80% of the stock is owned by corporate insiders.

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About Proofpoint

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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