Proofpoint (NASDAQ:PFPT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.13 by 15 Brokerage Firm. 13 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Imperial Capital maintains its rating on Proofpoint (NASDAQ:PFPT).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Imperial Capital raises the new price target from $68 per share to $69 per share. The rating by the firm was issued on April 25, 2016.
Proofpoint (NASDAQ:PFPT): 12 analysts have set the short term price target of Proofpoint (NASDAQ:PFPT) at $73.08. The standard deviation of short term price target has been estimated at $8.24, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 85 and $52 respectively.
Proofpoint (NASDAQ:PFPT) rose 2.65% or 1.64 points on Tuesday and made its way into the gainers of the day. After trading began at $62.96 the stock was seen hitting $64.64 as a peak level and $62.27 as the lowest level. The stock ended up at $63.63. The daily volume was measured at 947,671 shares. The 52-week high of the share price is $75.46 and the 52-week low is $35.555. The company has a market cap of $2,640 million.
Shares of Proofpoint, Inc. rose by 0.35% in the last five trading days and 15.63% for the last 4 weeks. Proofpoint, Inc. is up 20.24% in the last 3-month period. Year-to-Date the stock performance stands at -2.12%.
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.