The Positive News Coverage Unlikely to Impact Proofpoint (PFPT) Share Price

The Positive News Coverage Unlikely to Impact Proofpoint (PFPT) Share Price

Here are some of the news headlines that may have impacted AlphaOne’s analysis:

News headlines about Proofpoint (NASDAQ:PFPT) have been trending positive on Monday, AlphaOne reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Proofpoint earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also gave headlines about the software maker an impact score of 36 out of 100, indicating that recent media coverage is unlikely to have an effect on the stock’s share price in the near term.

Proofpoint (PFPT) opened at 89.27 on Monday. The firm’s market cap is $3.90 billion. The company’s 50-day moving average price is $80.98 and its 200-day moving average price is $78.68. Proofpoint has a one year low of $57.13 and a one year high of $89.90. Proofpoint (NASDAQ:PFPT) last posted its quarterly earnings results on Thursday, April 20th. The software maker reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.03. The company had revenue of $113.30 million for the quarter, compared to the consensus estimate of $110.60 million. Proofpoint had a negative return on equity of 110.22% and a negative net margin of 29.62%. The firm’s quarterly revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) EPS. On average, analysts anticipate that Proofpoint will post $0.59 EPS for the current year.

In related news, CEO Gary Steele sold 40,000 shares of the company’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $80.63, for a total value of $3,225,200.00. Following the completion of the sale, the chief executive officer now owns 73,432 shares in the company, valued at approximately $5,920,822.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Robert Darren Lee sold 2,750 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $87.75, for a total transaction of $241,312.50. Following the completion of the sale, the senior vice president now owns 7,619 shares of the company’s stock, valued at approximately $668,567.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 199,549 shares of company stock valued at $15,892,244. 6.80% of the stock is owned by corporate 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PFPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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