Deutsche Bank Starts Proofpoint (PFPT) at Buy
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Price: $175.90 --0%
Rating Summary:
23 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 22 | New: 45
Rating Summary:
23 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 22 | New: 45
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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.
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.
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