Equities research analysts expect Proofpoint, Inc. (NASDAQ:PFPT) to post $0.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Proofpoint’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.19. Proofpoint also reported earnings per share of $0.18 during the same quarter last year. The business is scheduled to announce its next earnings report on Thursday, January 25th.

According to Zacks, analysts expect that Proofpoint will report full year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.63 to $0.70. For the next year, analysts anticipate that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.85 to $1.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Proofpoint.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 19th. The software maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $134.30 million for the quarter, compared to analysts’ expectations of $131.48 million. Proofpoint had a negative net margin of 20.19% and a negative return on equity of 152.53%. The firm’s revenue was up 34.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $100.00 target price on shares of Proofpoint and gave the company a “buy” rating in a research note on Monday, October 16th. Needham & Company LLC assumed coverage on shares of Proofpoint in a research note on Friday, July 21st. They issued a “buy” rating and a $115.00 target price on the stock. Zacks Investment Research raised shares of Proofpoint from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, August 1st. Deutsche Bank AG increased their target price on shares of Proofpoint from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, BTIG Research reissued a “buy” rating and issued a $110.00 target price on shares of Proofpoint in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $101.25.

Shares of Proofpoint (PFPT) traded down 2.13% during trading on Friday, reaching $94.06. 690,061 shares of the company were exchanged. The company’s market capitalization is $4.18 billion. The stock’s 50 day moving average is $91.43 and its 200 day moving average is $86.47. Proofpoint has a 1-year low of $69.19 and a 1-year high of $97.92.

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In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $88.59, for a total transaction of $724,931.97. Following the transaction, the executive vice president now directly owns 25,762 shares in the company, valued at approximately $2,282,255.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary Steele sold 40,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $89.54, for a total transaction of $3,581,600.00. Following the transaction, the chief executive officer now owns 88,551 shares in the company, valued at $7,928,856.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,549 shares of company stock worth $15,226,339. 6.80% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Proofpoint by 9.7% in the 2nd quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock valued at $304,204,000 after buying an additional 309,998 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Proofpoint by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock valued at $294,577,000 after buying an additional 77,721 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Proofpoint by 20.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after buying an additional 472,407 shares in the last quarter. FMR LLC boosted its holdings in shares of Proofpoint by 10.9% in the 2nd quarter. FMR LLC now owns 961,745 shares of the software maker’s stock valued at $83,508,000 after buying an additional 94,545 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Proofpoint by 13.0% in the 2nd quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock valued at $81,878,000 after buying an additional 108,772 shares in the last quarter.

About Proofpoint

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

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