Proofpoint (PFPT): Second Best Quarter Ever - Piper Jaffray

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Go back to Proofpoint (PFPT): Second Best Quarter Ever - Piper Jaffray

Imperial Capital Raises Price Target on Proofpoint (PFPT) to $83 Following 2Q Beat

July 26, 2016 7:18 AM EDT

Imperial Capital reiterated an Outperform rating on Proofpoint (NASDAQ: PFPT), and raised the price target to $83.00 (from $69.00), following the company's 2Q earnings report. PFPT reported 2Q16 revenue of $89.9mn and adjusted EPS of $0.06, exceeding Street revenue estimates of $84.3mn and EPS estimates of ($0.07).... More