Proofpoint (PFPT) Tops Q3 EPS by 13c, Revenues Beat; Offers FY18 EPS Guidance Above Consensus, Boosts Billings, Revenue and Profitability Guidance

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Go back to Proofpoint (PFPT) Tops Q3 EPS by 13c, Revenues Beat; Offers FY18 EPS Guidance Above Consensus, Boosts Billings, Revenue and Profitability Guidance

Proofpoint (PFPT) PT Lowered to $117 at RBC Capital

October 26, 2018 7:34 AM EDT

RBC Capital analyst Matthew Hedberg lowered the price target on Proofpoint (NASDAQ: PFPT) to $117.00 (from $140.00) while maintaining a Outperform rating.

The analyst commented, "Against mixed sentiment and a lot of moving parts, Proofpoint delivered a solid quarter offset by lower 2019 guidance (could... More