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Fly News Breaks for October 21, 2016
CUDA, PFPT, MIME
Oct 21, 2016 | 06:38 EDT
JPMorgan analyst Sterling Auty believes Proofpoint's (PFPT) Q3 results last night provide a positive read for Mimecast (MIME). Mimecast will also benefit from the McAfee End of Life transition, Auty tells investors in a research note. He notes that Proofpoint is the second email security company, following Barracuda Networks (CUDA), to post solid earnings results. The analyst keeps an Overweight rating on Mimecast. The company reports Q2 results on November 9.
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