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Fly News Breaks for September 8, 2017
PFPT
Sep 8, 2017 | 09:22 EDT
After attending Proofpoint's analyst day, Stifel analyst Gur Talpaz noted that the company raised its 2020 revenue outlook to $1.025B-$1.1B from its prior target of about $1B, but made no change to its margin expectations. However, he believes the company's margin targets will ultimately prove conservative, adding that he is encouraged by traction with its emerging products. Talpaz keeps a Buy rating and $100 price target on Proofpoint shares.
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