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Fly News Breaks for August 17, 2017
PFPT
Aug 17, 2017 | 08:31 EDT
Cowen analyst Gregg Moskowitz initiated Proofpoint with an Outperform rating as he believes the company is poised to capitalize on customers increasingly transitioning to the cloud. The analyst also cited an improved product portfolio and confidence the company will gain significant market share in bot its protection and archiving segments. Moskowitz has a $105 price target on Proofpoint shares.
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