Deutsche Bank Starts Proofpoint (PFPT) at Buy
Tweet Send to a FriendGet Alerts PFPT Hot Sheet
Price: $22.99 +0.04%
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
5 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade PFPT Now!
Deutsche Bank initiates coverage on Proofpoint (NASDAQ: PFPT) with a Buy. PT $18.00.
Deutsche analyst said, "Proofpoint is a leading provider of Security Software as a Service, offering a comprehensive suite of products for securing and archiving enterprise communications and data. Enterprises face persistent challenges to secure valuable data that flows in and out of the organization. Adoption of cloud/SaaS and increased exchange of sensitive data between enterprises, partners and customers exacerbate this challenge as sensitive data is increasingly distributed. Attacks have become more targeted and traditional security solutions are often increasingly ineffective. Proofpoint, which is considered the innovation leader in the space, has a long runway to continue its momentum."
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 $13.54 yesterday, with a 52 week range of $12.90-$17.11.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Deutsche analyst said, "Proofpoint is a leading provider of Security Software as a Service, offering a comprehensive suite of products for securing and archiving enterprise communications and data. Enterprises face persistent challenges to secure valuable data that flows in and out of the organization. Adoption of cloud/SaaS and increased exchange of sensitive data between enterprises, partners and customers exacerbate this challenge as sensitive data is increasingly distributed. Attacks have become more targeted and traditional security solutions are often increasingly ineffective. Proofpoint, which is considered the innovation leader in the space, has a long runway to continue its momentum."
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 $13.54 yesterday, with a 52 week range of $12.90-$17.11.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
- Maxim Group Starts Agenus (AGEN) at Buy, PT $19
- Morgan Stanley Starts MasterCard (MA) at Overweight
Create E-mail Alert Related Categories
New CoverageRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
