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Fly News Breaks for October 21, 2016
PFPT
Oct 21, 2016 | 07:46 EDT
RBC Capital analyst Matthew Hedberg says that Proofpoint reported "strong results, outperforming on all metrics." Hedberg says that the company is well-positioned to benefit from the e-mail security market's growth, while the success it has had with cross-selling bodes well for its ability to expand its product offerings. The analyst keeps an Outperform rating on the stock.
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