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Fly News Breaks for April 22, 2015
PFPT
Apr 22, 2015 | 13:11 EDT
Pacific Crest believes investors are misinterpreting Proofpoint results and that the contracts are more like a SaaS model with customers going to subscription rather than recognizing revenues right away. The firm sees 35%+ CAGR for the next 2 years and reiterates its Buy rating.
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