|Bid||113.59 x 4000|
|Ask||123.00 x 1000|
|Day's Range||116.57 - 117.85|
|52 Week Range||78.69 - 133.58|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||142.35|
Proofpoint blasted past a 128.98 buy point in the morning but gave up all those gains as the stock market reversed. Buy point still valid, but shows how tough this market is. Among software stocks that weren't big 2019 winners; those are stocks that are doing OK right now. Cyber stocks did OK Tuesday.
Proofpoint (PFPT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
SUNNYVALE, Calif., Nov. 05, 2019 -- Proofpoint, Inc. (NASDAQ:PFPT), a leading cybersecurity and compliance company, today announced its scheduled participation at the following.
Proofpoint, Inc., (PFPT), the leader in people-centric cybersecurity, has entered into a definitive agreement to acquire ObserveIT, the leading insider threat management platform. With this acquisition, Proofpoint will extend its data loss prevention (DLP) capabilities with endpoint joining email, CASB, and data-at-rest to form an enhanced enterprise DLP offering. The combination of ObserveIT’s leading lightweight endpoint agent technology and data risk analytics with Proofpoint’s industry leading information classification, threat detection, and intelligence, will give enterprises unprecedented insights into user activity with their sensitive data, wherever it resides.
Volatile markets, an uncertain future, and certainly unsettled present have investors on edge. They want clear winners for their investments, but these days such sure winners are harder and harder to find. In the last six months, the S&P 500 may be up 3.7%, its gains have been interspersed with episodes of losses and extreme price shifts. What’s needed here, to calm investors, is a tool to find the stocks that weather today’s market environment.TipRanks presents the Smart Score, a single number distilled from no less than 8 different factors measured and tracked by AI algorithms. The Smart Score follows such factors as analyst, blogger, and news sentiment, to see what the conventional wisdom is on a stock; hedge fund activity, insiders trades, and individual investor actions, to see what investors of all sizes are actually doing; and the technical and fundamental analysis factors that market analysts have traditionally used in rating stocks. The result is single-digit score providing a gestalt opinion of the stock at question.We’ve dipped into the TipRanks database to find three tech stocks that have all received a ‘Perfect 10’ from the Smart Score analysis. Let’s see what makes them stand out.Momo, Inc. (MOMO)Coming to us from China, Momo brings a mobile app for social media and instant messaging. The app is free, but the company monetizes it in a variety of ways, but mainly through paid subscriptions for enhanced services and integrated third-party games.The social networking app environment is a proven money maker, and Momo has proven adept at monetizing it. In the company’s last reported quarter, the Q2 report released back in August, it showed a 32% revenue growth, along with the fourth quarter in a row of 110 million-plus daily active users. Management guided toward 17% to 19% revenue growth for Q3, and in December we’ll find out if they are right.MOMO’s perfect Smart Score is based on five of the factors: strongly positive analyst sentiment, 92% bullish blogger opinions, a 2.2 million share increase in Q2 purchases by major hedge funds, and strong technical and fundamentals.JPMorgan’s Alex Yao, writing as part of a team, sees Momo doing well in the second half of this year. He writes, “We expect 3Q19 to be another solid quarter for Momo with revenue upside... While Momo’s growth momentum remains strong, we believe the growth potential of Momo/Tantan is not fully factored into the current share price.” Yao’s group put a $47 price target on the stock, suggesting a 40% upside in line with their bullish thesis. (To watch Yao's track record, click here)In an October 17 report, UBS analyst Jerry Liu updated his Buy rating on MOMO shares. He wrote, “Momo has managed through recent regulatory issues with no significant long-term impact, and the most sensitive periods this year have passed. We remain positive on the stock given upside potential…” Going into some additional detail, Liu adds, “We are still positive on Momo as its shift from live streaming to dating and audio and video-based virtual gifting in newer products with smaller group settings broadens the use case, driving user, paying conversion and ARPPU improvements. Investors are focusing on the maturing live streaming market, but underestimating the value-added services opportunity.” Liu’s price target of $42 indicates a 25% upside.Overall, Momo has a Strong Buy consensus based on 3 recent Buy ratings. As the reports here show, that consensus is likely to grow stronger in coming weeks. Shares are selling for $33.51, and the $43 average price target implies a 25% upside. (See MOMO stock analysis on TipRanks)Proofpoint (PFPT)With Proofpoint, we are looking at one of Silicon Valley’s stalwarts. This online security company thrives on businesses’ need for secure email, along with archiving, inbound security, and data loss prevention on outbound messages. The flow of messages in and out of a system is a natural weak point in digital security, and Proofpoint offers proven solutions.The company’s competent position in its niche underlies its perfect Smart Score. The analysts see it as a Strong Buy, the bloggers are 100% bullish (as opposed to the sector average, of 65% bullish), and the news reports on PFPT are also 100% bullish. The hedge funds made modest increases to their holdings of this stock last quarter.All of that is good, but the technical indicators are PFPT’s best. The positive simple moving average, showing that the 20-day average is higher than the 200-day average, indicates the stock is trending upwards, while the 31% momentum shows it has gained in the last 12 months. The stock is up 37% year-to-date, another indication of upward momentum.Top analysts are sanguine about Proofpoint’s continued performance. Steven Koenig, of Wedbush, says, in a report titled Steady as She Goes, “We see several growth drivers: a favorable competitive environment, cross-sell/upsell and traction with bundles, growing international traction, acceleration of emerging products, and the recent FedRAMP certification that could drive public sector deals.” His $140 price target indicates confidence in a 21% upside in the next 12 months. (To watch Koenig's track record, click here)Chiming in from Deutsche Bank, Gray Powell sees the stock as attractively priced. He writes, “we are rolling forward to a 2021 target EV/FCF multiple of 27x. For comparison purposes, our target continues to equate to 33x 2020E EV/FCF on a normalized basis. These multiples are roughly in line with the average of other mid-cap software names exhibiting revenue growth in the 20%+/- range.” Powell’s $147 price target implies an upside of 27%.Proofpoint’s Strong Buy consensus rating, mentioned briefly above, is based on 9 buys and 1 hold set in the last three months. This stock comes with a price of $115, and an average target price of $144 suggests a 23% upside. (See Proofpoint stock analysis on TipRanks)Telaria (TLRA)This software company, based in New York, offers a Video Management Platform, a package that manages the premium ads in online digital videos. In short, Telaria makes money by helping customers track their monetization efforts. There is nothing in the online world that can’t be somehow turned to profit.Telaria is the smallest of the companies on this list, with a market cap of just $347 million, and in the last eight quarters it has only reported positive EPS once, but its technical indicators are strong. The simple moving average is positive, and the stock shows 170% momentum over the past 12 months. Asset growth in that time has been 50%. Recent news sentiment on this stock is 100% bullish, as are the financial bloggers’ opinions. The hedge funds made a modest increase in their holdings of this stock.Jason Kreyer, 5-star analyst with Craig-Hallum, sums up Momo’s prospects succinctly: “We remain encouraged by the backdrop for connected TV advertising given the volume of new programming set to hit the market in the coming months. There remains a significant delta between CTV viewership and ad dollars, which we expect will narrow over time.” His price target on this stock, $11, implies a robust upside potential of 45%. (To watch Kreyer's track record, click here)To find other good ideas for stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.
The charts of PFPT are not clearly bullish, but outlook is overall positive, so be patient and approach from the long side.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Proofpoint's (PFPT) Q3 results reflect a firm international footing and solid uptick in emerging suite of products. Robust demand for Email Fraud Defense, Threat Response and PSAT are tailwinds.
Proofpoint earnings and revenue topped third-quarter consensus estimates on Thursday while the cybersecurity firm's outlook met Wall Street targets. Proofpoint stock fell in extended trading.
Proofpoint Inc. shares fell 6.8% in the extended session Thursday after the company beat revenue and earnings expectations. The company reported third-quarter net losses of $41.9 million, or 79 cents a share, compared with losses of $36.1 million, or 69 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 49 cents a share. Revenue rose to $227.4 million from $184.2 million in the year-ago period. Analysts surveyed by FactSet had estimated 39 cents a share on revenue of $224.3 million. For the fourth quarter, analysts model adjusted earnings of 48 cents a share on sales of $238.4 million. Proofpoint said it expects adjusted earnings of 47 cents to 50 cents a share and sales of $237.5 million to $239.5 million. Proofpoint stock has gained 49% this year, with the S&P 500 index rising 20%.
Third Quarter Highlights Total revenue of $227.4 million, up 23% year-over-yearBillings of $277.8 million, up 26% year-over-yearGAAP EPS of $(0.79) per share, Non-GAAP EPS of.
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 announced it has been named a National Cybersecurity Awareness Month Champion by the National Cyber Security Alliance. As part of its commitment, Proofpoint has also launched a free Cybersecurity Awareness Month kit to help organizations with their security education initiatives. “We believe that all organizations, regardless of their budget, should have the tools necessary to educate their end users and turn them into a powerful last line of defense against today’s people-centric attacks,” said Amy Baker, vice president of Security Awareness Training Strategy and Development for Proofpoint.
Proofpoint, Inc., (PFPT), a leading cybersecurity and compliance company, today announced the availability of a new survey from The Economist Intelligence Unit to help organizations gauge the frequency and severity of people-centric data breaches, and the steps companies are taking to address them. The study, entitled “Cyber Insecurity: Managing Threats From Within,” surveyed more than 300 corporate executives, including CIOs and CISOs, from North America, Europe, and Asia/Pacific. “More than 99 percent of targeted cyberattacks depend on human interaction to be successful,” said Ryan Kalember, executive vice president of Cybersecurity Strategy for Proofpoint.
Nvidia, Texas Instruments, Dollar General, Proofpoint and TJX are among top stocks clearing buy points Friday amid positive China trade deal headlines.
Another poor economic report sent equities spiraling in Thursday morning trade. However, stocks rebounded from the morning lows, giving investors confidence a bounce may ensue. Let's look at a few top stock trades. Top Stock Trades for Tomorrow 1: AppleShares of Apple (NASDAQ:AAPL) failed to breakout over the $226 area, but are holding up well given the overall temperature of the market. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Stocks to Buy Offering Both Dividends and Growth On a pullback, I was hoping to see the $215 level. Apple traded down to $215.13 on the day, before ricocheting higher back over $220. That's just what the doctor ordered!The $215 level and 50-day moving average are important for the bulls to maintain. Below opens up Apple to further selling pressure and technical damage. From here, let's see if AAPL can maintain above the 20-day moving average. If it can, another test of $226 could be in the cards. Top Stock Trades for Tomorrow 2: JPMorganJPMorgan (NYSE:JPM) broke out to new highs last month, but has been struggling to maintain altitude. Unfortunately, the stock couldn't hold up over prior resistance near $115, nor the 78.6% retracement and 20-day moving average. However, after briefly breaking below the 50-day moving average, shares were able to recover. Let's see how the bank does going forward. Does it bounce and rally up to the 78.6% retracement and 20-day moving average? Or do shares continue lower to the 61.8% near $109? I would love a deeper correction down to the $106 area and 200-day moving average for a longer-term buy. Top Stock Trades for Tomorrow 3: SnapSnap (NYSE:SNAP) remains as volatile as ever. A September breakout reversed itself, temporarily plunging the stock in just a few days. Then in just eight sessions, shares went from almost making new highs, to falling more than 20% from peak to trough. Man, this is a tough one to pin down. However, with Thursday's reversal off the lows, bulls may consider a long position with a stop-loss either at the day's low or at the 61.8% retracement, depending on how aggressive they want to be. Holding above $14 is a good sign, and should Snap hurdle prior downtrend resistance (blue line), then a move back to the 78.6% retracement is possible. Top Stock Trades for Tomorrow 4: ProofpointOn Wednesday, we talked about the impressive relative strength in Lennar (NYSE:LEN). But another stock showing relative strength is Proofpoint (NASDAQ:PFPT). Relative strength is important because not only are these stocks holding up the best in a tough tape, but they are often the ones that do the best when the overall market comes back to life. Notice how this one has been trading sideways between $130 resistance and $122/the 50-day moving average. A break over this range can send PFPT to the recent highs at $133, while a rally above can gain momentum as a possible breakout. Top Stock Trades for Tomorrow 5: S&P 500The iShares Russell 2000 ETF (NYSEARCA:IWM) bounced right where InvestorPlace readers where looking for and the SPDR S&P 500 ETF (NYSEARCA:SPY) posted a strong bounce on Thursday from an unsurprising location. The stock held uptrend support from August (blue line) and the 78.6% retracement. We flagged this spot on Twitter in the prior session. While some reprieve from the selling is welcomed by the bulls, a further decline down to the 200-day moving average and August lows would have been more enticing for a stronger reversal. Failure to get there now only leaves it as a possibility for a later date. It doesn't mean we have to test this level, but it would have been healthier price action in my view. * 7 Important IPO Stocks to Watch for the Long Run From here, let's see if the SPY can reclaim the 50-day moving average and prior resistance from August. If it can't, another test of uptrend support is in the cards. Over the 50-day puts the Fed-day low in the cards. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post 5 Top Stock Trades for Friday: AAPL, JPM, SNAP appeared first on InvestorPlace.
Proofpoint, Inc., (PFPT), a leading cybersecurity and compliance company, today announced it will issue a press release reporting financial results for the third quarter ended September 30, 2019, after the close of the market on October 24, 2019. Proofpoint will host a conference call and live webcast to discuss those financial results for investors and analysts at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on October 24, 2019. To access the conference call, dial (800) 239-9838 for the U.S. or Canada and (929) 477-0448 for international callers with conference ID #1877243.
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