Proofpoint Announces Second Quarter 2019 Financial Results
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Proofpoint (PFPT) PT Raised to $128 at Mizuho Securities
July 26, 2019 4:21 AM EDTMizuho Securities analyst Gregg Moskowitz raised the price target on Proofpoint (NASDAQ: PFPT) to $128.00 (from $120.00) while maintaining a Neutral rating.
The analyst comments "While the results this quarter were healthy, we continue to question whether PFPT will be able to report material... More
Proofpoint (PFPT) Tops Q2 EPS by 5c, Revenues Beat; Raises 'FY19 Billings, Revenue & Profitability Guidance'
July 25, 2019 4:41 PM EDTProofpoint (NASDAQ: PFPT) reported Q2 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $214.4 million versus the consensus estimate of $211.33 million.
Total revenue of $214.4 million, up 25% year-over-yearBillings of $232.1 million, up 17% year-over-yearGAAP EPS of $(0.52) per share, Non-GAAP EPS of $0.41 per shareOperating cash flow of $43.4 million and free cash flow of $35.0 millionIncreasing FY19 billings, revenue and profitability guidanceOur second quarter results represent another clear example of our teams consistent execution and strong focus on our customers and innovation, stated Gary Steele, chief... More
