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Fly News Breaks for July 22, 2016
PFPT
Jul 22, 2016 | 08:42 EDT
JMP Securities raised its price target on Proofpoint after the company's billings and guidance beat expectations. The firm says that the company is beginning to gain leverage from its SaaS model, while it's benefiting from the increased awareness about advanced e-mail attacks. JMP keeps an Outperform rating on the shares.
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