|Day's Range||113.2700 - 114.4700|
|52 Week Range||84.5400 - 116.4800|
|PE Ratio (TTM)||51.75|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Shares of security technology vendor Proofpoint (PFPT) today closed up $2.09, or 2.5%, at $84.27, after FBN Securities’s Shebly Seyrafi started coverage of the stock with an Outperform rating, and a $95 price target, writing that the company “stands to benefit from the ransomware trend,” following last week’s global outbreak of the “WannaCry” attacks, given its prominence in secure email. "The company, with its Proofpoint Enterprise Protection offering for enterprises and its Proofpoint Essentials product for SMBs, placed best in the June 2015 Gartner Magic Quadrant for secure email gateways, above competitors such as CSCO (Email Security Appliance, or ESA) and MSFT (Exchange Online Protection, or EOP),” notes Seyrafi. The company also has the imprimatur of Intel (INTC), whose McAfee security business back in 2015 struck a “broad commercial agreement covering Intel’s Security’s use of Proofpoint’s threat intelligence." Intel, he notes, chose Proofpoint “as it is the clear leader in Gartner’s magic quadrant for secure email gateway and is also a leader in Gartner’s magic quadrant for enterprise information archiving." He notes the recent Gartner data showing its prominence in the field: PFPT (with its flagship Proofpoint Enterprise Protection for enterprises, its Proofpoint Essentials solution for SMBs, and other solutions) places highest in Gartner’s June 2015 Magic Quadrant for Secure Email Gateways.
Gartner (IT) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Global semiconductor revenue reached $343.5 billion during 2016, up from 2015's $334.9 billion and 2014's $340.3 billion.