Proofpoint (NASDAQ:PFPT) Releases Q3 2020 After-Hours Earnings Guidance
Proofpoint (NASDAQ:PFPT) issued an update on its third quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.37-0.40 for the period, compared to the Thomson Reuters consensus estimate of $0.35. The company issued revenue guidance of $260-262 million, compared to the consensus revenue estimate of $253.19 million.Proofpoint also updated its FY 2020
After-Hours guidance to 1.64-1.70 EPS.
Shares of NASDAQ PFPT opened at $115.67 on Friday. Proofpoint has a 12-month low of $83.81 and a 12-month high of $133.58. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.43. The stock has a fifty day moving average price of $114.22 and a 200 day moving average price of $115.53.
Proofpoint (NASDAQ:PFPT) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported $0.51 EPS for the quarter, topping the consensus estimate of ($0.27) by $0.78. Proofpoint had a negative net margin of 17.35% and a negative return on equity of 7.09%. The business had revenue of $258.44 million for the quarter, compared to analysts’ expectations of $252.95 million. On average, equities analysts expect that Proofpoint will post -1.04 earnings per share for the current fiscal year.
In other Proofpoint news, EVP Robert Darren Lee sold 1,300 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $117.24, for a total transaction of $152,412.00. Following the transaction, the executive vice president now directly owns 3,174 shares in the company, valued at $372,119.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bhagwat Swaroop sold 5,345 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $120.00, for a total value of $641,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,892 shares of company stock worth $9,347,982. Company insiders own 2.93% of the company’s stock.
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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