I will not touch over `19
Shares of cybersecurity company Proofpoint Inc. PFPT, -4.31% tumbled 6.5% in afternoon trade Thursday, after well-known short seller Carson Block named the stock as his best short bet. Block, who heads Muddy Waters Research, made the call at a conference in London. The Sunnyvale, Calif.-based company's stock has gained 44% this year, easily outperforming the S&P 500, which is up about 1%. Block and his firm made headlines in 2011 with a short call on Sino Forest, a Toronto-listed lumber firm with operations in China. Block alleged accounting fraud. The company denied the allegations but eventually collapsed.
I feel sorry for any buyer of this, while insiders selling like no tomorrow.
and more equity offering by insiders just around the corner
another bubble big time
This is manipulated. BTIG Analyst came, when it got at 68, and then next day CEO? All day 10,20,50 shares exchanged..back and forth. Forbes article was good, but same time another pumping one came. There r ton of companies doing email, why anyone needs email security at all? We got Kaspersky, which does filtering, and fishing, and so is MSFT Browser for free? This is not required at all.
Yes, he can promise anything. Reality it, its a $3.5 B money losing business, whose insiders sold for millions