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Fly News Breaks for February 7, 2018
PFPT
Feb 7, 2018 | 08:38 EDT
Stifel analyst Gur Talpaz noted that Proofpoint's Q4 results came in ahead of expectations "across all major financial metrics" and he believes the company's capture of incremental wallet share within its installed base should persist in the near-term and may in fact accelerate. Following the report, Talpaz raised his price target on Proofpoint shares to $115 and keeps a Buy rating on the stock.
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