Brokerages forecast that Proofpoint Inc (NASDAQ:PFPT) will announce earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Proofpoint’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. Proofpoint also reported earnings per share of $0.17 in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, July 26th.
On average, analysts expect that Proofpoint will report full-year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.16. For the next fiscal year, analysts forecast that the company will report earnings of $1.65 per share, with EPS estimates ranging from $1.42 to $2.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Proofpoint.
Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings data on Thursday, April 26th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.15. Proofpoint had a negative return on equity of 21.55% and a negative net margin of 12.58%. The business had revenue of $162.50 million during the quarter, compared to analyst estimates of $151.86 million. During the same period last year, the company earned $0.12 earnings per share. Proofpoint’s quarterly revenue was up 40.6% compared to the same quarter last year.
PFPT has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and set a $136.00 price objective (up from $130.00) on shares of Proofpoint in a report on Friday, April 27th. Evercore ISI reiterated a “buy” rating and set a $135.00 price objective on shares of Proofpoint in a report on Wednesday, May 30th. ValuEngine upgraded Proofpoint from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Cowen restated a “buy” rating and set a $125.00 target price on shares of Proofpoint in a report on Friday, April 20th. Finally, Monness Crespi & Hardt raised their target price on Proofpoint from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.05.
In other news, Chairman Eric Hahn sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $122.32, for a total value of $611,600.00. Following the sale, the chairman now directly owns 13,001 shares of the company’s stock, valued at $1,590,282.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Bhagwat Swaroop sold 3,077 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $117.41, for a total value of $361,270.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,788 shares of company stock worth $2,869,242. 3.37% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its position in shares of Proofpoint by 4,395.0% in the first quarter. Stratos Wealth Partners LTD. now owns 899 shares of the software maker’s stock valued at $102,000 after purchasing an additional 879 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Proofpoint in the first quarter valued at about $216,000. Optimum Investment Advisors acquired a new stake in shares of Proofpoint in the first quarter valued at about $227,000. Lido Advisors LLC acquired a new stake in Proofpoint during the first quarter worth about $244,000. Finally, Brinker Capital Inc. acquired a new stake in Proofpoint during the first quarter worth about $260,000.
Shares of NASDAQ:PFPT traded down $0.95 during midday trading on Thursday, hitting $116.62. 33,970 shares of the stock were exchanged, compared to its average volume of 842,736. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.66. Proofpoint has a 52-week low of $82.61 and a 52-week high of $130.27. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of -89.08 and a beta of 1.15.
Proofpoint Company Profile
Proofpoint, Inc operates as a security-as-a-service (SaaS) provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ?drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.
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