Proofpoint (PFPT) Given Daily Coverage Optimism Rating of 0.37

News stories about Proofpoint (NASDAQ:PFPT) have been trending positive this week, according to AlphaOne. AlphaOne, a service of Accern, scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Proofpoint earned a news impact score of 0.37 on AlphaOne’s scale. AlphaOne also assigned press coverage about the software maker an impact score of 42 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Alpha One Sentiment Analysis’s analysis:

Proofpoint (NASDAQ:PFPT) traded up 1.44% during mid-day trading on Monday, hitting $89.42. 837,146 shares of the stock traded hands. The firm’s market cap is $3.91 billion. The stock has a 50-day moving average of $79.17 and a 200 day moving average of $78.46. Proofpoint has a 1-year low of $54.70 and a 1-year high of $89.65.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $113.30 million during the quarter, compared to analyst estimates of $110.60 million. Proofpoint had a negative net margin of 29.62% and a negative return on equity of 110.22%. The company’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. On average, equities analysts expect that Proofpoint will post $0.58 EPS for the current year.

Several equities analysts have issued reports on the stock. Piper Jaffray Companies set a $90.00 price target on shares of Proofpoint and gave the stock a “buy” rating in a report on Friday, April 21st. Rosenblatt Securities reiterated a “buy” rating and set a $95.00 price objective on shares of Proofpoint in a research note on Sunday, April 23rd. Imperial Capital reiterated an “outperform” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Friday, April 14th. Goldman Sachs Group Inc downgraded shares of Proofpoint from a “neutral” rating to a “sell” rating and set a $69.00 price objective for the company. in a research note on Thursday, March 23rd. Finally, Zacks Investment Research downgraded shares of Proofpoint from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Proofpoint has a consensus rating of “Buy” and an average target price of $84.96.

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In other news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $80.63, for a total transaction of $3,225,200.00. Following the completion of the transaction, the chief executive officer now owns 73,432 shares in the company, valued at $5,920,822.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Eric Hahn sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $83.61, for a total transaction of $418,050.00. Following the transaction, the chairman now owns 71,460 shares of the company’s stock, valued at approximately $5,974,770.60. The disclosure for this sale can be found here. Insiders have sold 196,799 shares of company stock valued at $15,650,932 in the last 90 days. Insiders own 6.80% of the company’s stock.

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.

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