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Proofpoint, Inc. (PFPT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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120.92-3.13 (-2.52%)
At close: 4:00PM EST
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Previous Close124.05
Open123.19
Bid0.00 x 800
Ask139.12 x 800
Day's Range120.00 - 124.31
52 Week Range83.81 - 140.91
Volume706,287
Avg. Volume639,671
Market Cap6.94B
Beta (5Y Monthly)1.16
PE Ratio (TTM)N/A
EPS (TTM)-2.86
Earnings DateMay 05, 2021 - May 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est150.05
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  • Proofpoint To Snap Up InteliSecure For $62.5M; Shares Drop 5%
    SmarterAnalyst

    Proofpoint To Snap Up InteliSecure For $62.5M; Shares Drop 5%

    Proofpoint has agreed to buy InteliSecure, a data loss protection services provider, in a cash deal worth $62.5 million. Shares of the cybersecurity and compliance company declined almost 4.7% to close at $132.55 on Feb. 22. Proofpoint (PFPT) expects the deal to boost the company’s revenue range by $10 million for 2021. The company’s adjusted net income range for the year is estimated to fall by $5 million, after taking account of integration costs, accounting, and other transaction-related adjustments. Proofpoint expects the deal to close this March. Proofpoint CEO Gary Steele commented, “The acquisition of InteliSecure will support our ability to collectively help our customers and partners with people-centric managed security services that leverage the technology and deep expertise of InteliSecure applied across Proofpoint’s market leading security and compliance platforms.” The acquisition of InteliSecure will increase the company’s employee base by 150 individuals. (See Proofpoint stock analysis on TipRanks) Following the deal announcement, Robert W. Baird analyst Jonathan Ruykhaver reiterated a Buy rating on the stock with a price target of $155 (16.9% upside potential). The analyst said, “While we do not expect this acquisition to be a meaningful driver of growth for Proofpoint, the deal does appear to be a nice way to bolster Proofpoint’s information protection portfolio and its ability to drive customer success and support channel partners there.” The consensus rating among analysts is a Strong Buy based on 8 Buys and 2 Holds. The average analyst price target stands at $150.90 and implies upside potential of almost 14% to current levels. Shares have increased more than 36% over the past three months. Proofpoint scores an 8 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Western Alliance To Buy AmeriHome For $1B; Shares Drop 3.5% Match Group Snaps Up Hyperconnect For $1.73B; Shares Gain 2.4% Redfin To Buy RentPath For $608M; Shares Jump 12% More recent articles from Smarter Analyst: Ingersoll Rand Gains On 4Q Earnings Beat; Street Sees 23% Upside M&T Bank To Buy People’s United For $7.6B; Shares Pop 15% John Bean’s 1Q Guidance Disappoints After 4Q Beat ZoomInfo Spikes 12% As 4Q Profit Tops Analysts’ Estimates; Street Says Buy

  • Benzinga

    Proofpoint To Acquire Data Security Provider InteliSecure For $62.5M

    Cybersecurity company Proofpoint, Inc. (NASDAQ: PFPT) inked an agreement to acquire data security provider InteliSecure, Inc for $62.5 million in cash to consolidate its cloud-based people-centric security platform. The acquisition is expected to close during the first quarter of 2021. “The acquisition of InteliSecure will support our ability to collectively help our customers and partners with people-centric managed security services that leverage the technology and deep expertise of InteliSecure applied across Proofpoint’s market-leading security and compliance platforms. We eagerly anticipate welcoming InteliSecure’s employees to the Proofpoint team,” said Proofpoint CEO Gary Steele. The acquisition has estimated revenue synergies of $10 million for FY21. Proofpoint anticipates a multi-billion-dollar addressable market for people-centric managed security services that leverage the technology and expertise of InteliSecure across Proofpoint’s security and compliance platforms. The acquisition of InteliSecure will add 150 employees to Proofpoint’s global team and boost its channel partner ecosystem’s service delivery and increase partners’ competitiveness. Proofpoint’s closing cash equivalents stood at $910.3 million as of December 31, 2020. Price action: PFPT shares are down 3.76% at $133.90 on the last check Monday. See more from BenzingaClick here for options trades from BenzingaDISH Network Posts Upbeat Q4 Results, Net Pay-TV Subscribers DeclineVelodyne Lidar Replaces Chairman, CMO After Investigation© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Proofpoint Enters into Definitive Agreement to Acquire InteliSecure; Augments People-Centric Managed Services Offering
    GlobeNewswire

    Proofpoint Enters into Definitive Agreement to Acquire InteliSecure; Augments People-Centric Managed Services Offering

    Proofpoint’s Enterprise DLP solution across cloud, email and endpoint boosted by proven managed services to help companies build and operate world-class data protection programsSUNNYVALE, Calif., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a leading cybersecurity and compliance company, has entered into a definitive agreement to acquire InteliSecure, Inc. (“InteliSecure”), an innovator in data loss protection managed services. With this acquisition, Proofpoint looks to strengthen its cloud-based people-centric security platform by enhancing customers’ ability to protect critical data in diverse environments. Under the terms of the agreement, Proofpoint will acquire InteliSecure for $62.5 million in cash, subject to customary purchase price adjustments. The acquisition is expected to close during this first quarter of 2021, subject to satisfaction of customary closing conditions. “We’ve seen exceptional customer demand for information protection managed services as organizations are continuing to work in a cloud-first, remote-oriented world,” said Gary Steele, chief executive officer of Proofpoint. “The acquisition of InteliSecure will support our ability to collectively help our customers and partners with people-centric managed security services that leverage the technology and deep expertise of InteliSecure applied across Proofpoint’s market leading security and compliance platforms. We eagerly anticipate welcoming InteliSecure’s employees to the Proofpoint team.” Proofpoint’s unique people-centric approach to data loss prevention (DLP) is trusted by organizations worldwide—whether due to unintentional mistakes or malicious intent. With an automated common content classification that has been honed for nearly 15 years, Proofpoint’s cloud-based solution provides data visibility and context across multiple channels from a single console. InteliSecure’s managed service capabilities will complement Proofpoint’s information protection solution and Premium Security Services. Proofpoint believes there is a multi-billion-dollar addressable market associated with helping customers and partners through people-centric managed security services that leverage the technology and deep expertise of InteliSecure, applied across Proofpoint’s market leading security and compliance platforms. InteliSecure’s technology and expertise simplify data protection for customers through streamlining policy creation, providing unified event visibility across tools, delivering real-time reporting required by key stakeholders, and reducing noise to increase focus on critical incidents. “Organizations urgently need an effective strategy to safeguard data with new remote working environments and resource-constrained internal teams,” said Steven Drew, chief executive officer at InteliSecure. “With insider employees, contractors, or third-party carelessness causing nearly two-thirds of serious data loss incidents, joining the Proofpoint team will allow us to offer services to customers to better protect against accidental mistakes, attacks and insider risk—across cloud services, email, endpoint, and on-premises file shares.” The acquisition of InteliSecure will add approximately 150 employees to Proofpoint’s growing global team and will boost Proofpoint’s ability to support its robust channel partner ecosystem’s service delivery and increase partners’ competitiveness by providing processes and experience from working with multiple vendors. Proofpoint will be actively adopting best practices in partner programs and relationships to best meet channel needs.Contingent upon timely closing in March, Proofpoint expects InteliSecure to have the following contribution to its financial outlook for the full year 2021: Increase the revenue range by approximately $10 million.Reduce the Non-GAAP net income range by approximately $5 million, including impact of integration costs, accounting, and other transaction related adjustments.Approximately neutral impact to free cash flow. For the first quarter of 2021, Proofpoint does not expect InteliSecure to have any material impact to its financial outlook for the quarter.For more information on Proofpoint’s people-centric, cloud-based security solutions, please visit https://www.proofpoint.com/us/products/information-protection. For additional information on Proofpoint’s Premium Security Services, please visit https://www.proofpoint.com/us/products/premium-security-services. About Proofpoint, Inc.Proofpoint, Inc. (NASDAQ: PFPT) is a leading cybersecurity and compliance company that protects organizations’ greatest assets and biggest risks: their people. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. More information is available at www.proofpoint.com. Connect with Proofpoint: Twitter | LinkedIn | Facebook | YouTube Proofpoint is a registered trademark or tradename of Proofpoint, Inc. in the U.S. and/or other countries. All other trademarks contained herein are the property of their respective owners. PROOFPOINT MEDIA CONTACT:Kristy CampbellProofpoint, Inc.(408) 850-4142kcampbell@proofpoint.com