The Proofpoint Inc. (PFPT) shares are trading at lower $115.67 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $140.80.
To add more color to this target, the company’s high over the last year is $133.58 and the low is $83.81. Over the last 52 weeks, PFPT is down -13.41% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PFPT reported a profit of $156.61 million. Proofpoint Inc. also saw revenues increase to $214.44 million. In addition, PFPT has free cash flow of $83.66 million as of 06-2019. The company’s EBITDA came in at $8.4 million which compares well with its peers.
PFPT booked profit margins of -13.30%, its Return on Equity (ROE) is -22.90%, and its Return on Assets is -6.40%. All told, it is clear that, PFPT needs to be on your watchlist.
Find out when PFPT reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PFPT has a short ratio of 3.77 and outstanding shares of 56.97M.
PFPT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -3.00. Proofpoint Inc. PFPT also noted assets of $1.31 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PFPT has historically followed its peers on positive news.
All told, Proofpoint Inc. PFPT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PFPT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Proofpoint Inc. PFPT is now commanding a market cap of 7.18B and a float of 56.17M. PFPT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PFPT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PFPT, either long or short, and we have not been compensated for this article.