Proofpoint Announces First Quarter 2018 Financial Results

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Go back to Proofpoint Announces First Quarter 2018 Financial Results

Proofpoint (PFPT) PT Raised to $138 at BTIG

April 27, 2018 8:50 AM EDT

BTIG raised its price target on Proofpoint (NASDAQ: PFPT) to $138.00 (from $125.00) while maintaining a Buy rating following the company's 1Q. Proofpoint continued its string of beats-and-raises, highlighted by subscription revenues of $158.8M (vs. $148.8M cons.) and EPS of $0.30 (vs. $0.15 cons.).

Billings experienced record... More