Proofpoint (PFPT) PT Raised to $79 at Goldman Sachs
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Proofpoint (PFPT) PT Raised to $105 at Piper Jaffray
October 20, 2017 5:13 AM EDTPiper Jaffray raised its price target on Proofpoint (NASDAQ: PFPT) to $105.00 (from $100.00) while maintaining a Overweight rating.
Analyst Andrew Nowinski likes the quarter report and adjusts which drives the target higher. The analyst cautions the key competitive to the company is Microsoft (NASDAQ:... More
Proofpoint (PFPT) Tops Q3 EPS by 7c, Beats on Revenues; FY17 EPS/Revenue Guidance Above Consensus, FY18 EPS/Revenue Mid-Point Guidance Below Consensus
October 19, 2017 4:09 PM EDTProofpoint (NASDAQ: PFPT) reported Q3 EPS of $0.25, $0.07 better than the analyst estimate of $0.18. Revenue for the quarter came in at $134.3 million versus the consensus estimate of $131.5 million.
Financial Outloo kAs of October 19, 2017, Proofpoint is providing guidance for its fourth quarter and increasing full year 2017 guidance as follows:
Fourth Quarter 2017 Guidance: Total revenue is expected to be in the range of $138.0 million to $140.0 million. Billings are expected to be in the range of $180.0 million to $182.0 million. GAAP gross margin is expected to be 72%. Non-GAAP gross margin is expected to be... More