Proofpoint (PFPT) Earns News Impact Score of 0.23

News headlines about Proofpoint (NASDAQ:PFPT) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Proofpoint earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 44.4168060933624 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s analysis:

Shares of Proofpoint (NASDAQ PFPT) opened at 87.78 on Friday. The firm’s 50-day moving average is $88.88 and its 200 day moving average is $83.90. The stock’s market cap is $3.90 billion. Proofpoint has a 12 month low of $68.04 and a 12 month high of $97.00.

Proofpoint (NASDAQ:PFPT) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The company had revenue of $122.30 million for the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. Proofpoint’s quarterly revenue was up 36.0% on a year-over-year basis. On average, equities analysts predict that Proofpoint will post $0.65 EPS for the current year.

A number of equities analysts have commented on the stock. Northland Securities reissued a “buy” rating and issued a $100.00 price target on shares of Proofpoint in a research note on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating on shares of Proofpoint in a research note on Friday, June 23rd. Evercore ISI set a $105.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, July 28th. 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 price target for the company. Finally, Piper Jaffray Companies set a $100.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $98.91.

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In other Proofpoint news, EVP David Knight sold 3,000 shares of Proofpoint stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $84.54, for a total transaction of $253,620.00. Following the completion of the transaction, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at $1,426,527.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bhagwat Swaroop sold 5,000 shares of Proofpoint stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $85.17, for a total transaction of $425,850.00. Following the transaction, the executive vice president now directly owns 13,161 shares of the company’s stock, valued at $1,120,922.37. The disclosure for this sale can be found here. Insiders have sold 130,549 shares of company stock valued at $11,524,841 over the last ninety days. 6.80% of the stock is owned by insiders.

Proofpoint Company Profile

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.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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