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Fly News Breaks for July 24, 2015
SPLK, PANW, PFPT
Jul 24, 2015 | 05:45 EDT
Summit Research analyst Srini Nandury raised is price target for Proofpoint (PFPT) shares to $80 saying the company reported a "solid beat and raise" quarter. Nandury believes Proofpoint deserves a higher multiple given its industry leading status in securing email, and points out shares trade at a discount to high growth names like Palo Alto (PANW) and Splunk (SPLK). The analyst reiterates a Buy rating on the stock.
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