Wall Street brokerages forecast that Proofpoint Inc (NASDAQ:PFPT) will post $192.92 million in sales for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Proofpoint’s earnings, with the highest sales estimate coming in at $195.20 million and the lowest estimate coming in at $192.00 million. Proofpoint reported sales of $145.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 32.7%. The business is expected to announce its next quarterly earnings results on Tuesday, February 5th.

On average, analysts expect that Proofpoint will report full-year sales of $711.39 million for the current financial year, with estimates ranging from $710.50 million to $713.72 million. For the next financial year, analysts anticipate that the business will report sales of $873.27 million, with estimates ranging from $871.64 million to $882.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Proofpoint.

Proofpoint (NASDAQ:PFPT) last issued its earnings results on Thursday, October 25th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.73. Proofpoint had a negative net margin of 14.08% and a negative return on equity of 11.86%. The firm had revenue of $184.18 million during the quarter, compared to analyst estimates of $181.69 million.

A number of research firms have commented on PFPT. Zacks Investment Research downgraded Proofpoint from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Morgan Stanley set a $134.00 target price on Proofpoint and gave the stock a “buy” rating in a report on Friday, October 19th. JMP Securities reduced their target price on Proofpoint from $145.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and set a $140.00 target price on shares of Proofpoint in a report on Friday, July 27th. Finally, Wells Fargo & Co reduced their target price on Proofpoint from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Proofpoint presently has a consensus rating of “Buy” and a consensus target price of $125.05.

Shares of NASDAQ:PFPT traded down $4.46 on Friday, hitting $85.54. The company had a trading volume of 39,824 shares, compared to its average volume of 1,195,160. Proofpoint has a 52-week low of $75.92 and a 52-week high of $130.27. The company has a market capitalization of $4.92 billion, a P/E ratio of -65.31 and a beta of 1.42.

In related news, EVP David Knight sold 1,500 shares of Proofpoint stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $102.90, for a total transaction of $154,350.00. Following the completion of the sale, the executive vice president now owns 14,214 shares of the company’s stock, valued at $1,462,620.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gary Steele sold 100,000 shares of Proofpoint stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $62.54, for a total value of $6,254,000.00. Following the sale, the chief executive officer now directly owns 121,074 shares of the company’s stock, valued at approximately $7,571,967.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,020 shares of company stock valued at $16,494,490. Insiders own 3.37% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFPT. Federated Investors Inc. PA boosted its holdings in Proofpoint by 181.1% during the second quarter. Federated Investors Inc. PA now owns 1,386 shares of the software maker’s stock valued at $160,000 after purchasing an additional 893 shares in the last quarter. World Asset Management Inc acquired a new position in shares of Proofpoint in the 2nd quarter worth approximately $205,000. CIBC Asset Management Inc acquired a new position in shares of Proofpoint in the 2nd quarter worth approximately $211,000. HRT Financial LLC acquired a new position in shares of Proofpoint in the 3rd quarter worth approximately $221,000. Finally, Hartford Investment Management Co. acquired a new position in shares of Proofpoint in the 2nd quarter worth approximately $230,000. 90.71% of the stock is owned by hedge funds and other institutional investors.

About Proofpoint

Proofpoint, Inc operates as a security-as-a-service (SaaS) 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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Earnings History and Estimates for Proofpoint (NASDAQ:PFPT)

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