$0.39 EPS Expected for Proofpoint Inc (NASDAQ:PFPT) This Quarter

Analysts expect Proofpoint Inc (NASDAQ:PFPT) to announce earnings per share of $0.39 for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Proofpoint’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.35. Proofpoint posted earnings per share of $0.40 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.5%. The business is expected to issue its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Proofpoint will report full-year earnings of $1.61 per share for the current year, with EPS estimates ranging from $1.47 to $1.69. For the next year, analysts forecast that the business will post earnings of $2.10 per share, with EPS estimates ranging from $1.78 to $2.44. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Proofpoint.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). Proofpoint had a negative return on equity of 11.24% and a negative net margin of 14.31%. The business had revenue of $214.40 million during the quarter, compared to the consensus estimate of $211.33 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue was up 24.7% compared to the same quarter last year.

PFPT has been the topic of a number of recent analyst reports. Piper Jaffray Companies increased their price objective on Proofpoint from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Deutsche Bank set a $129.00 price objective on Proofpoint and gave the stock a “hold” rating in a research report on Friday, July 26th. Needham & Company LLC increased their price objective on Proofpoint from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded Proofpoint from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, June 20th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $150.00 price objective (up previously from $137.00) on shares of Proofpoint in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $138.18.

In related news, SVP Robert Darren Lee sold 2,615 shares of Proofpoint stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $107.83, for a total value of $281,975.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Scott Herren sold 844 shares of Proofpoint stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $112.77, for a total transaction of $95,177.88. Following the completion of the transaction, the director now owns 12,384 shares of the company’s stock, valued at approximately $1,396,543.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,372 shares of company stock worth $10,139,246. Insiders own 2.93% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System boosted its holdings in shares of Proofpoint by 9.0% in the 2nd quarter. California Public Employees Retirement System now owns 76,566 shares of the software maker’s stock valued at $9,207,000 after buying an additional 6,309 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Proofpoint by 11.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 7,033 shares of the software maker’s stock valued at $846,000 after buying an additional 731 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of Proofpoint by 0.9% in the 2nd quarter. Bamco Inc. NY now owns 31,569 shares of the software maker’s stock valued at $3,796,000 after buying an additional 273 shares in the last quarter. Voleon Capital Management LP acquired a new position in shares of Proofpoint in the 2nd quarter valued at $1,443,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Proofpoint in the 2nd quarter valued at $206,297,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Shares of Proofpoint stock opened at $114.78 on Friday. Proofpoint has a 1 year low of $75.92 and a 1 year high of $132.85. The business has a 50-day moving average of $122.96 and a two-hundred day moving average of $119.25. The company has a market capitalization of $6.60 billion, a P/E ratio of -99.81 and a beta of 1.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.67 and a quick ratio of 0.66.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent ‘drive-by' downloads, malicious Web links, hybrid threats, malware free attacks, and other penetration tactics.

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