PFPT - ProofPoint

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, Apr 21, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    [​IMG]
    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.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (4/21/16)
    Earnings: EPS -$0.09 and revenue $79M
    Estimates: EPS -$0.14 and revenue $76.4M
     
  3. Gray Wolf

    Gray Wolf Well-Known Member

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    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
     
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  4. Stockaholic

    Stockaholic Content Manager

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    +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.
     
  5. T0rm3nted

    T0rm3nted Moderator
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    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
     
  6. T0rm3nted

    T0rm3nted Moderator
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    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
     

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