Proofpoint (PFPT) PT Raised to $128 at Mizuho Securities

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Go back to Proofpoint (PFPT) PT Raised to $128 at Mizuho Securities

Proofpoint (PFPT) Tops Q2 EPS by 5c, Revenues Beat; Raises 'FY19 Billings, Revenue & Profitability Guidance'

July 25, 2019 4:41 PM EDT

Proofpoint (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 guidance

Our 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