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Fly News Breaks for January 27, 2017
PFPT
Jan 27, 2017 | 07:20 EDT
RBC Capital analyst Matthew Hedberg, noting that Proofpoint's billings revenue growth accelerated and remains above 40%, called the company's results "impressive." He believes that the company's free cash flow margin of 30.3% was "impressive." The analyst raised his price target on the shares to $92 from $85 and keeps an Outperform rating on the stock.
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