Proofpoint (PFPT) is based in Sunnyvale, California and provides SaaS and on-premises solutions for inbound email security, outbound data loss prevention, privacy protection, email encryption, electronic discovery ("eDiscovery") and email archiving. Proofpoint delivers an integrated suite of on-demand data protection solutions spanning threat management, regulatory compliance, data governance and secure communications—all of which are based on a common security-as-a-service platform.
Reported after close today (4/21/16) Earnings: EPS -$0.09 and revenue $79M Estimates: EPS -$0.14 and revenue $76.4M
I am familiar with Proofpoint and the services they provide as the company (enterprise) that I retired from has used them for several years. They are good and their products are good. The main thing that I don't like with them as a stock is that I don't like negative earnings. Proofpoint has been in negative EPS for at least 4 years. They are projected to go into positive next fiscal year. The thing I do like about them is the below announcement that they are partnered with Palo Alto Networks now and are sharing customers. Not starting any rumors here but I smell an acquisition coming. Proofpoint and Palo Alto Networks Partner, Integrate Automated Threat Protection It’s been clear for a long time that attackers will leverage any means necessary to infiltrate a targeted organization. Unfortunately, attackers often benefit because many of the technologies that protect the most critical attack vectors do not share threat intelligence, which leaves organizations to try and patch together their own integrations. At Proofpoint, we feel that to best protect our customers, we must collaborate with other leading next-generation cybersecurity companies to share threat intelligence and enable better protection across an organizations’ key security controls. In that spirit, today we announced that we are making it easier for joint Proofpoint and Palo Alto Networks customers to detect and stop cyberattacks. Our companies have partnered to integrate best-in-class security intelligence from Proofpoint Targeted Attack Protection (TAP) email security and Proofpoint SocialPatrol social media security with Palo Alto Networks WildFire for automated protection across the network, endpoint and cloud. - See more at: https://www.proofpoint.com/us/proofpoint-and-palo-alto-networks-partner-integrate-automated-threat-protection#sthash.M5pbOljU.dpuf
+10% this morning on ER Proofpoint Q3 Beats Estimates, Turns Profit (PFPT) Proofpoint Inc. (PFPT), the cloud-based cybersecurity provider headquartered in Sunnyvale, Calif., reported its Q3 earnings and Q4 guidance on Thursday after market close. Both earnings and guidance beat the Street’s expectations, driven by a strong demand for advanced threat solutions. Cloud-Based Security Provider Posts Earnings Surprise Proofpoint’s software provides email protection services for Microsoft Corp.’s (MSFT) cloud-based Office 365. The cybersecurity company posted $0.19 non-GAAP EPS on $99.8 million in revenue, up 44% year-over-year (YOY). Before adjusting for stock-option expense and amortization cost, the company said it had a loss of $0.44 earnings per share. Proofpoint’s Q3 reported adjusted earnings beat analysts’ estimate of $0.05 per share on $94.3 million in revenue. Further, the company’s billings, an important metric for cloud-software company as it indicates deferred revenue, also beat projections at $124.8 million up 47% YOY. Proofpoint management guided per-share earnings for the current quarter range from $0.10 to $0.14, on revenue of $103 million to $105 million for fiscal Q4. Proofpoint stock’s share price rose about 10% in after-market trading Thursday following the announcement.
Reported after close yesterday (10/20/16) Earnings: EPS $0.19 Revenue $99.8M Estimates: EPS $0.05 Revenue $94.27M Up 8.10% today so far
Analyst Upgrade/Downgrade Update Brokerage firm: Robert W. Baird Change: Coverage Initiated Previous Rating: N/A Current Rating: Outperform Previous Price Target: N/A Current Price Target: $92