$-0.23 EPS Expected for Proofpoint Inc (PFPT)

September 28, 2017 – By Ellis Scott

Investors sentiment increased to 1.32 in Q2 2017. Its up 0.12, from 1.2 in 2017Q1. It improved, as 31 investors sold Proofpoint Inc shares while 75 reduced holdings. 48 funds opened positions while 92 raised stakes. 49.73 million shares or 6.97% more from 46.48 million shares in 2017Q1 were reported.
Columbus Circle Invsts stated it has 0.04% in Proofpoint Inc (NASDAQ:PFPT). Waddell And Reed Fincl Incorporated, a Kansas-based fund reported 565,387 shares. Metropolitan Life Insurance New York reported 28,791 shares stake. Bank & Trust Of Montreal Can owns 13,657 shares for 0% of their portfolio. Glynn Cap Mgmt Ltd holds 1.78% or 91,117 shares in its portfolio. Tcw Inc reported 118,291 shares stake. Cubist Systematic Strategies Ltd reported 4,340 shares. Victory Mngmt has invested 0.2% in Proofpoint Inc (NASDAQ:PFPT). Ameritas Prns stated it has 3,771 shares or 0.02% of all its holdings. Tiaa Cref Invest Mngmt Limited Liability has 823,521 shares for 0.05% of their portfolio. Eulav Asset accumulated 48,800 shares. Bamco Inc Ny reported 0.02% of its portfolio in Proofpoint Inc (NASDAQ:PFPT). West Oak Capital Limited Liability Co invested 0% in Proofpoint Inc (NASDAQ:PFPT). Comerica Comml Bank owns 13,207 shares or 0.01% of their US portfolio. Ameriprise Fincl Inc holds 0% of its portfolio in Proofpoint Inc (NASDAQ:PFPT) for 87,998 shares.

Since April 3, 2017, it had 0 insider purchases, and 16 sales for $17.65 million activity. The insider Steele Gary sold 40,000 shares worth $3.68M. $223,080 worth of Proofpoint Inc (NASDAQ:PFPT) shares were sold by Lee Robert Darren. $688,515 worth of Proofpoint Inc (NASDAQ:PFPT) shares were sold by Newell Tracey. The insider Knight David sold 3,000 shares worth $226,154. Auvil Paul R. III also sold $2.15 million worth of Proofpoint Inc (NASDAQ:PFPT) on Monday, May 15.

Analysts await Proofpoint Inc (NASDAQ:PFPT) to report earnings on October, 19. They expect $-0.23 earnings per share, up 14.81 % or $0.04 from last year’s $-0.27 per share. After $-0.39 actual earnings per share reported by Proofpoint Inc for the previous quarter, Wall Street now forecasts -41.03 % EPS growth. The stock decreased 2.86% or $2.59 during the last trading session, reaching $87.91. About 662,587 shares traded or 44.71% up from the average. Proofpoint Inc (NASDAQ:PFPT) has risen 52.24% since September 29, 2016 and is uptrending. It has outperformed by 35.54% the S&P500.

Proofpoint Inc (NASDAQ:PFPT) Ratings Coverage

Among 27 analysts covering Proofpoint Inc (NASDAQ:PFPT), 22 have Buy rating, 2 Sell and 3 Hold. Therefore 81% are positive. Proofpoint Inc had 66 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 24. The firm has “Buy” rating by Dougherty & Company given on Friday, January 27. Wedbush maintained the shares of PFPT in report on Friday, January 29 with “Outperform” rating. The firm has “Outperform” rating given on Friday, January 29 by FBR Capital. The stock has “Buy” rating by Piper Jaffray on Friday, September 8. The firm has “Buy” rating given on Monday, September 11 by Needham. The firm earned “Buy” rating on Thursday, August 3 by Northland Capital. The firm has “Buy” rating by Citigroup given on Tuesday, July 19. Zacks downgraded Proofpoint Inc (NASDAQ:PFPT) on Tuesday, September 1 to “Hold” rating. The firm has “Sell” rating by Zacks given on Wednesday, August 12.

Proofpoint, Inc. is a security-as-a-service well-known provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The company has market cap of $3.91 billion. 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. It currently has negative earnings. The Company’s solutions are built on a cloud platform.

Another recent and important Proofpoint Inc (NASDAQ:PFPT) news was published by Reuters.com which published an article titled: “BRIEF-Proofpoint Inc reaffirms 2017 financial guidance ​” on September 07, 2017.