Proofpoint (PFPT) : 15 brokerage houses believe that Proofpoint (PFPT) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.12.
Proofpoint (PFPT) : The highest short term price target forecast on Proofpoint (PFPT) is $85 and the lowest target price is $52. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $72.85 with a standard deviation of $7.94.
For the current week, the company shares have a recommendation consensus of Buy.
Proofpoint (NASDAQ:PFPT): The stock opened at $68.79 on Tuesday but the bulls could not build on the opening and the stock topped out at $68.79 for the day. The stock traded down to $66.82 during the day, due to lack of any buying support eventually closed down at $67.68 with a loss of -2.03% for the day. The stock had closed at $69.08 on the previous day. The total traded volume was 1,017,883 shares.
Proofpoint, Inc. is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Companys 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 platforms services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.