Proofpoint Announces Strong Third Quarter 2016 Financial Results

Imperial Capital Raises Price Target on Proofpoint (PFPT) Following Strong 3Q Results

Imperial Capital reiterated an Outperform rating on Proofpoint (NASDAQ: PFPT), and raised the price target to $85.00 (from $83.00), following the company's 3Q earnings report. PFPT reported revenue of $99.8mn and adjusted EPS of $0.19, exceeding Street revenue estimates of 94.3mn and adjusted EPS estimates of 0.05. Billings grew approximately 40% yoy to $124.8mn, above previous guidance of... More

Needham & Company Reiterates Buy on Proofpoint (PFPT) Following Strong 3Q

Needham & Company reiterated a Buy rating and $88.00 price target on Proofpoint (NASDAQ: PFPT) following the company's 3Q earnings report. PFPTs $99.8m FCF and $0.19 EPS were well above the consensus estimates of $94.3m and $0.05. Billings of 125m were well ahead of $116m consensus. PFPT expects to be consistently profitable in CY17, which will up... More

Proofpoint (PFPT) PT Raised to $90 at Nomura on Solid Q3

Nomura Securities analyst Frederick Grieb reiterated a Buy rating and lifted his price target on Proofpoint (NASDAQ: PFPT) to $90.00 (from $84.00) following Q3 results.

Grieb commented, "Proofpoint reported 3Q'16 billings of $124.8mn, 8% above the Street estimate of $115.6mn and up 47% yoy (+40% yoy, adjusted for early... More

Proofpoint (PFPT) Tops Q3 EPS by 14c; Guides Above the Street

Proofpoint (NASDAQ: PFPT) reported Q3 EPS of $0.19, $0.14 better than the analyst estimate of $0.05. Revenue for the quarter came in at $99.8 million versus the consensus estimate of $94.27 million.

GUIDANCE:

Proofpoint sees Q4 2016 EPS of $0.10-$0.14, versus the consensus of $0.06. Proofpoint sees Q4... More

Proofpoint (PFPT) Enters Agreement to Acquire Cloud Security Provider FireLayers

Proofpoint, Inc., (Nasdaq: PFPT) has entered into a definitive agreement to acquire FireLayers, an innovator in cloud security. With this acquisition, Proofpoint will extend Targeted Attack... More