Proofpoint, Inc. (PFPT) Tops Q4 EPS by 2c, Updates Guidance

Proofpoint, Inc. (NASDAQ: PFPT) reported Q4 EPS of ($0.09), $0.02 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $56.2 million versus the consensus estimate of $53.01 million.

Financial Outlook As of January 29, 2015 Proofpoint is providing guidance for its first quarter and full year 2015 as follows:

• First Quarter 2015 Guidance: Total revenue is expected to be in the range of $56.0 million to $57.0 million. Billings are expected to be in the range of $61.0 million to $63.0 million. Adjusted EBITDA is expected to be in the range of breakeven to $0.5 million. Non-GAAP EPS loss is expected to be in the range of $0.09 to $0.08 based on approximately 38.9 million weighted average shares outstanding. Free cash flow is expected to be in the range of positive $2.0 million to $4.0 million.
• Full Year 2015 Guidance: Total revenue is expected to be in the range of $245.0 million to $247.0 million. Billings is expected to be in the range of $288.0 million to $292.0 million. Adjusted EBITDA is expected to be in the range of $1.0 million to $2.0 million. Non-GAAP EPS loss is expected to be in the range of $0.38 to $0.36 based on approximately 40.0 million weighted average shares outstanding. Free cash flow, defined as operating cash flow less capital expenditures, is expected to be in the range of positive $20.0 million to $25.0 million, which assumes capital expenditures of $18.0 million to $20.0 million for the full year.

(Street sees Q1 loss of $0.11 on revenue of $54.28M, FY EPS is seen at a loss of $0.29 on revenue of $242.51 million)

For earnings history and earnings-related data on Proofpoint, Inc. (PFPT) click here.

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