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Fly News Breaks for January 27, 2017
CUDA, PFPT, MIME
Jan 27, 2017 | 06:05 EDT
Email security company Proofpoint (PFPT) followed Barracuda Networks (CUDA) in posting strong results, which bodes well for Mimecast (MIME), JPMorgan analyst Sterling Auty tells investors in a research note. The "same wave of tailwinds" that drove Proofpoint 's beat and raise quarter will positively impact Mimecast, the analyst contends. He sees more outperformance for Mimecast shares and keeps an Overweight rating on the name.
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