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Fly News Breaks for June 9, 2016
PFPT
Jun 9, 2016 | 07:27 EDT
After attending Proofpoint's Analyst Day, Wells Fargo says it's confident that the company's revenue can continue to grow 30%+ over the longer term. The firm says that the company's long-term 24%-26% free cash flow margin guidance was above expectations, and it's upbeat on the pace of adoption of the company's targeted attack protection products. Wells is also encouraged by the company's new archiving products and its 2H16 outlook. It keeps an Outperform rating on the shares.
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