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Proofpoint: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Proofpoint (NASDAQ:PFPT) fell 3.1% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 20.41% over the past year to $0.59, which beat the estimate of $0.39.

Revenue of $266,669,000 rose by 17.28% from the same period last year, which beat the estimate of $261,400,000.

Guidance

Proofpoint Sees Q4 Sales $268M-$270M Vs $267.16M Estimates, EPS $0.41-$0.44 Vs $0.39 Estimates; FY20 Sales $1.043B-$1.045B Vs $1.04B Estimates, EPS $1.88-$1.91 Vs $1.68 Estimates

How To Listen To The Conference Call

Date: Oct 29, 2020

Time: 04:30 PM

View more earnings on PFPT

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.proofpoint.com%2F&eventid=2625741&sessionid=1&key=F1AD384DBE869F65FC662B1FE55B56C1&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $133.00

52-week low: $83.81

Price action over last quarter: down 12.68%

Company Overview

Proofpoint Inc. is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. The firm's solutions are delivered through its security-as-a-service platform, which hosts an integrated set of on-demand data protection applications. These solutions include threat protection, incident response, regulatory compliance, archiving, governance, and secure communication capabilities. The company derives revenue from subscription fees and hardware, training, and professional services fees. A majority of the firm's revenue is generated in the United States.

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