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Fly News Breaks for April 27, 2018
PFPT
Apr 27, 2018 | 14:08 EDT
Imperial Capital analyst Diane Sievert raised her price target on Proofpoint to $140 from $120 and maintained an Outperform rating on shares following the company's Q1 earnings results, which exceeded Imperial and consensus estimates. Sievert is looking for potential future earnings upside from Proofpoint emerging products, "which roughly doubled and accelerated to 20% of new and add-on business, up from 15% in the previous quarter."
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