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Fly News Breaks for April 11, 2016
PFPT
Apr 11, 2016 | 08:59 EDT
Stephens analyst Jonathan Ruykhaver believes the momentum Proofpoint has experienced over the last several quarters around competitive wins and increasing sales of new Targeted Attack Prevention continues and can drive Q1 upside relative to consensus estimates. The company's competitive displacements of legacy e-mail archiving and security solutions are increasing its strategic positioning within the e-mail and Advanced Persistent Threat spaces, the analyst tells investors in a research note. Ruykhaver reiterates an Overweight rating and $68 price target on the shares.
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