Baird Starts Proofpoint (PFPT) at Outperform

November 14, 2016 4:14 PM EST
Get Alerts PFPT Hot Sheet
Price: $80.61 --0%

Rating Summary:
    26 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Baird initiates coverage on Proofpoint (NASDAQ: PFPT) with a Outperform rating and a price target of $92.00.

Analyst Jayson Noland commented, "Proofpoint is a leading player in the email security market, protecting messaging infrastructure with its widely lauded SaaS solution. The company is well positioned to grow market share with a platform-oriented approach benefiting from the shift to public cloud. We expect long-term FCF and operating margin expansion to support long-term valuation."

For an analyst ratings summary and ratings history on Proofpoint click here. For more ratings news on Proofpoint click here.

Shares of Proofpoint closed at $82.33 yesterday.

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