|Bid||111.05 x 800|
|Ask||121.34 x 1000|
|Day's Range||119.29 - 121.72|
|52 Week Range||75.92 - 130.27|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||121.76|
DailyOTC.com News Commentary -- A series of cyber-attacks like WannaCry or WannaCrypt ransomware attacks and Petya rocked the globe last year, while it’s difficult to predict what will happen this year, we can guess that cyber criminals will find new ways to carry out their attacks. As such, demand for cybersecurity solutions will continue to grow, and cybersecurity stocks will continue to outperform. The cybersecurity market is growing rapidly because of the rising need for cloud-based cybersecurity solutions among Small and Medium-sized Enterprises (SMEs).
Proofpoint Inc NASDAQ NMS:PFPTView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PFPT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PFPT. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PFPT totaled $4.89 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
When a stock shoots sharply higher, be it in just a day or in a week, investors should ask why. More importantly, if the stock's rise is justified and there is upside potential, value investors do not need to wait for the stock to dip. Last week, the stock for enterprise cybersecurity company Proofpoint, Inc. (NASDAQ:PFPT) rose 17% on the week after it reported strong fourth-quarter earnings. Proofpoint stock is up more than 30% this month. PFPT stock traded as low as $80 in early January and as of this writing is trading at $118. So clearly, an explanation is needed. * 10 F-Rated Stocks That Could Break Your Portfolio Proofpoint stock began its slow decent in mid-2018. By October, the company included news in its Q3 report that Proofpoint's president and COO, Klaus Oestermann would be leaving after just being appointed in July 2018. That sent PFPT stock down more than 10% on October 25. Markets completely ignored the beat in subscription revenue Q4 guidance that was above consensus. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Strong Fourth Quarter For Q4, Proofpoint reported non-GAAP earnings of 51 cent that easily beat estimates of 35 cents. (GAAP earnings, however, came in at a loss of 39 cents per share.) Revenue grew 198.5 million, up 35% from the previous year. CEO Gary Steele re-affirmed the company's confidence in sustaining business momentum. He said: "We are well-positioned, with tremendous market momentum as we enter 2019. I believe that our people-centric approach to cybersecurity will be a game-changer, and I couldn't be more excited about the opportunity in front of us." In addition to strong revenue, Proofpoint reported a billings increase of 43% year-over-year to $269.9 million. Gross profit rose sharply to $145.5 million, up from $106.4 million last year. On a GAAP basis, the firm lost $21 million. The GAAP numbers include shares associated with the company's convertible notes, plus a $1 million cash expense. Non-GAAP, it earned 51 cents a share, or $29.1 million. ### Why Investors Are Buying PFPT Stock Proofpoint is in the cyber-threat detection and protection market. And it is not the only firm in its sector that did well in the quarter. After months of underperformance, Symantec Corporation (NASDAQ:SYMC) rallied more than 10% when it, too, reported an double earnings beat. And Proofpoint is a more stable, steady performer than SYMC. Proofpoint has a suite of advanced threat solutions, which it calls its TAP offering or Targeted Attack Protection. The company won a number of big clients during the quarter. This includes a fortune 100 airline and a Fortune 500 financial services firm. If PFPT stock is just starting to gain momentum, the stock clearly has plenty of upside ahead. Based on market capitalization, Proofpoint is half the size of Symantec -- that's a ton of room to run in. ### Proofpoint Growth Catalysts Proofpoint will very likely beat expectations in the next quarter as well. As enterprises migrate to Microsoft's (NASDAQ:MSFT) Office 365, Proofpoint has a full suite of security and compliance solutions that will protect new generations of cloud systems and infrastructure. And customers are embracing the TAP solution because the firm offers protection for legacy technology and the newer, cloud-based platforms. Proofpoint's renewal rate validates high customer satisfaction levels, and right now, renewal rates are clocking in above 90%. This in turn will lead to higher growth in 2019 and beyond. Add-on sales also boosted Q4 numbers -- representing around half of all new revenue booked last year. Looking ahead, emerging products will also drive more business. ### The Bottom Line on Proofpoint Stock With its expanded range of products, Proofpoint's total addressable market expanded to over $5 billion. And so long as people need protection from email, cloud and social channels, the market size will keep growing. So in the long term, I think things look good for PFPT. * 7 Stocks That Won Super Bowl Sunday However, right now, PFPT stock trades at close to the average analyst price target of $121. And with the stock trades at a price/sales ration three times higher than larger competitor Symantec, investors might want to wait for a pullback, perhaps near the $100 range, before buying. Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 F-Rated Stocks That Could Break Your Portfolio * 5 Fintech Stocks to Buy As This Mega Trend Gains Steam * 10 Cold Weather Stocks to Heat Up Your Returns Compare Brokers The post Why Proofpoint Stock Rose 40% in the Last Month appeared first on InvestorPlace.
SUNNYVALE, Calif., Feb. 05, 2019 -- Proofpoint, Inc. (NASDAQ:PFPT), a leading next-generation cybersecurity company, today announced its scheduled participation at the.
Proofpoint's (PFPT) fourth-quarter results benefit from a firm international footing and a solid uptick in the emerging suite of products.
Better-than-expected earnings reported by Symantec and Proofpoint sent shares in the two firms up on Friday as other cybersecurity stocks including Fortinet also climbed.
Cybersecurity stocks and sector-related ETFs popped Friday on fourth quarter earnings beats from players in the industry, including Symantec (NasdaqGS: SYMC) and Proofpoint (NasdaqGS: PFPT). On Friday, ...
Check out the companies making headlines midday Friday:Papa John's PZZA — The third-largest pizza delivery company saw its stock fall 8.9 percent after Reuters reported Papa John's would not sell itself , despite offers from private equity firms.
Proofpoint (PFPT) delivered earnings and revenue surprises of 45.71% and 2.88%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Proofpoint on Thursday reported fourth quarter profit and sales that topped expectations and forecast March quarter earnings and sales above estimates. Its shares slipped.
SUNNYVALE, Calif. (AP) _ Proofpoint Inc. (PFPT) on Thursday reported a loss of $21.2 million in its fourth quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 39 cents. The results beat Wall Street expectations.
Fourth Quarter Highlights Total revenue of $198.5 million, up 35% year-over-yearBillings of $269.9 million, up 43% year-over-yearGAAP EPS of $(0.39) per share, Non-GAAP EPS of.
Proofpoint's (PFPT) Q4 results are likely to ride on its product strength and increasing client base. However, rising expenses will keep margins under pressure.
Proofpoint (PFPT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Proofpoint, Inc., (PFPT), a leading cybersecurity and compliance company, today released its fifth annual State of the Phish Report, which uncovers phishing cyberattack trends across more than 15 industries and details the fundamental cybersecurity knowledge of more than 7,000 working adults in the U.S., Australia, France, Germany, Italy, Japan, and the UK. Data from tens of millions of simulated phishing attacks sent over a one-year period were analyzed along with nearly 15,000 cybersecurity professional survey responses, from both Proofpoint customers and outside organizations, to provide an in-depth look at state of global phishing attacks. Overall, 83 percent of global infosecurity respondents experienced phishing attacks in 2018, up from 76 percent in 2017, and nearly 60 percent saw an increase in employee detection following security awareness training.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. Unfortunately, there are also plenty of examples of share prices Read More...