Proofpoint (PFPT) Announces Earnings Results
Proofpoint (NASDAQ:PFPT) issued its quarterly earnings results on Tuesday. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08, Bloomberg Earnings reports. Proofpoint had a negative return on equity of 131.99% and a negative net margin of 16.37%. The company had revenue of $145.40 million for the quarter, compared to the consensus estimate of $139.61 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Proofpoint’s revenue for the quarter was up 36.1% on a year-over-year basis.
Shares of Proofpoint (NASDAQ:PFPT) opened at $99.92 on Thursday. Proofpoint has a fifty-two week low of $70.30 and a fifty-two week high of $104.62. The company has a debt-to-equity ratio of 11.57, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $4,599.15, a P/E ratio of -52.31 and a beta of 1.39.
In other Proofpoint news, EVP Tracey Newell sold 8,183 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.96, for a total transaction of $736,142.68. Following the completion of the sale, the executive vice president now owns 24,429 shares of the company’s stock, valued at $2,197,632.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Knight sold 3,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $88.99, for a total value of $266,970.00. Following the sale, the executive vice president now directly owns 16,874 shares of the company’s stock, valued at approximately $1,501,617.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,549 shares of company stock valued at $14,900,426. Insiders own 5.96% of the company’s stock.
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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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