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Fly News Breaks for September 8, 2017
PFPT
Sep 8, 2017 | 06:41 EDT
Deutsche Bank analyst Karl Keirstead raised his price target for Proofpoint to $100 and keeps a Buy rating on the shares. The company at its analyst day upped its 2020 revenue guidance by $50M-$70M to $1.1B at the high end due entirely to traction in the Emerging Products segment, Keirstead tells investors in a research note. He continues to like Proofpoint's cloud model and its focus on email and adjacent areas.
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