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Fly News Breaks for April 12, 2017
PFPT
Apr 12, 2017 | 09:51 EDT
Stephens analyst Jonathan Ruykhaver says his Q1 checks on underlying activity have been consistently positive, and thinks the momentum Proofpoint has experienced over the last quarters around competitive wins and increasing sales of new Targeted Attack Preventon continues and can drive Q1 upside. The analyst expects "strong Q1 results" and says the recent pullback offers a buying opportunity. He reiterates an Overweight rating and $95 price target on the shares.
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