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Fly News Breaks for April 22, 2016
PFPT
Apr 22, 2016 | 06:35 EDT
Piper Jaffray analyst Andrew Nowinski says Proofpoint (PFPT) reported another solid quarter in Q1 as it beat the high-end of revenue guidance by 3%. He points out contributions from the partnerships with McAfee and Palo Alto (PANW) still have yet to be factored into the company's guidance. The analyst reiterates an Overweight rating on the shares with a $76 price target.
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