Proofpoint (PFPT) Tops Q2 EPS by 12c; Guides Above Views

Proofpoint (NASDAQ: PFPT) reported Q2 EPS of $0.51, $0.12 better than the analyst estimate of $0.39. Revenue for the quarter came in at $258.4 million versus the consensus estimate of $253.43 million.

“The second quarter was a compelling example of our team’s disciplined execution in a very challenging operating environment,” stated Gary Steele, chief executive officer of Proofpoint. “We were pleased to exceed guidance on all key metrics, which was driven by strong customer interest in our people-centric cybersecurity and compliance services, our world-class efficacy in identifying and blocking advanced threats and our strong focus in protecting our customers from an increasingly active threat landscape during current work-from-home requirements.”

GUIDANCE:

Proofpoint sees Q3 2020 EPS of $0.37-$0.40, versus the consensus of $0.35. Proofpoint sees Q3 2020 revenue of $260-262 million, versus the consensus of $253.2 million.

Proofpoint sees FY2020 EPS of $1.65-$1.70, versus the consensus of $1.51. Proofpoint sees FY2020 revenue of $1.035-1.037 billion, versus the consensus of $1.02 billion.

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

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