Proofpoint Inc (NASDAQ:PFPT) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $(0.15)-(0.14) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.09), MarketBeat.Com reports. The company issued revenue guidance of $75.5-76.5 million, compared to the consensus revenue estimate of $75.64 million.Proofpoint also updated its FY16 guidance to $(0.26)-(0.21) EPS.

Shares of Proofpoint Inc (NASDAQ:PFPT) opened at 50.36 on Monday. The company’s market capitalization is $2.06 billion. Proofpoint Inc has a 12 month low of $47.66 and a 12 month high of $75.46. The stock has a 50 day moving average price of $61.35 and a 200-day moving average price of $63.72.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings data on Thursday, January 28th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). During the same period last year, the company earned ($0.09) EPS. The business earned $74.90 million during the quarter, compared to the consensus estimate of $73.46 million. The business’s revenue was up 33.4% on a year-over-year basis. Analysts expect that Proofpoint Inc will post ($0.13) earnings per share for the current fiscal year.

A number of equities research analysts recently commented on PFPT shares. Stephens decreased their target price on Proofpoint from $77.00 to $68.00 in a research report on Friday. Zacks Investment Research upgraded Proofpoint from a hold rating to a buy rating and set a $72.00 target price on the stock in a research report on Tuesday, October 27th. William Blair reiterated a buy rating on shares of Proofpoint in a research report on Monday, October 26th. Nomura reiterated a buy rating and issued a $84.00 target price on shares of Proofpoint in a research report on Monday, October 26th. Finally, Wedbush reiterated a buy rating and issued a $82.00 target price (up from $80.00) on shares of Proofpoint in a research report on Thursday, October 22nd. Two investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $72.62.

In related news, CEO Gary Steele sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $72.62, for a total value of $1,452,400.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at $72.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dana L. Evan sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $70.17, for a total value of $140,340.00. Following the completion of the transaction, the director now directly owns 5,192 shares in the company, valued at approximately $364,322.64. The disclosure for this sale can be found here.

Proofpoint, Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection, Proofpoint Enterprise Privacy, Proofpoint Enterprise Archive & Governance, Proofpoint Nexgate Social Media Security & Compliance, and Proofpoint Essentials. Its platform’s services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.

12 Month Chart for NASDAQ:PFPT

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