Proofpoint Announces Fourth Quarter and Full Year 2015 Financial Results

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Wedbush Remains Bullish on Proofpoint (PFPT) Following Solid 4Q Earnings

January 29, 2016 9:51 AM EST

Wedbush maintained an Outperform rating on Proofpoint (NASDAQ: PFPT), and cut the price target to $77.00 (from $82.00), following the company's 4Q earnings report. Revenue of $75M was $1.5M above consensus. Expected FY16 revenue growth was raised by a point to 30-31%, and billings... More