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Fly News Breaks for December 3, 2015
PFPT
Dec 3, 2015 | 14:52 EDT
Wells Fargo said the MuddyWaters Proofpoint short report was weak and said there was a lot more noise than substance in the thesis. The firm's analyst would note that Proofpoint has one of the most respected management teams in the security sector and has been executing at a very high level this year. Wells Fargo views the weakness as a buying opportunity and reiterates its Overweight rating.
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