|Over a week ago|
Proofpoint initiated with an Outperform at SMBC Nikko » 16:5811/1611/16/20
SMBC Nikko initiated…
SMBC Nikko initiated coverage of Proofpoint with an Outperform rating and $122 price target.
Fly Intel: Top five analyst downgrades » 09:5211/0211/02/20
IMO, AON, BFAM, PFPT, OLLI
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Imperial Oil (IMO) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying following a sum-of-the-parts analysis, the analyst sees 15% absolute return downside. 2. Aon plc (AON), Willis Towers Watson (WLTW) and Marsh & McLennan (MMC) all downgraded to Neutral from Overweight at Piper Sandler with analyst Paul Newsome saying the companies have a high proportion of its businesses in economically sensitive consulting businesses with heavy project work components to revenue. 3. Bright Horizons (BFAM) downgraded to Neutral from Outperform at Baird with analyst Jeffrey Meuler saying he believes the company will face challenges in the near and intermediate term. 4. Proofpoint (PFPT) downgraded to Hold from Buy at Summit Insights with analyst Srini Nandury saying while the company is executing well on the things it can control, the ongoing pandemic will likely extend into the early part of next year at a minimum. 5. Ollie's Bargain Outlet (OLLI) double downgraded to Underweight from Overweight at Wells Fargo with analyst Edward Kelly saying Ollie's has had a "strong run through the pandemic, but the outlook for the stock from here looks challenging." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, Reference Link
Proofpoint downgraded to Hold from Buy at Summit Insights » 05:5211/0211/02/20
Summit Insights analyst…
Summit Insights analyst Srini Nandury downgraded Proofpoint to Hold from Buy with a price target of $100, down from $140. While the company is executing well on the things it can control, the ongoing pandemic will likely extend into the early part of next year at a minimum, Nandury tells investors in a research note. The analyst expects "slowing growth" in this environment.
Proofpoint price target lowered to $115 from $123 at Mizuho » 06:4910/3010/30/20
Mizuho analyst Gregg…
Mizuho analyst Gregg Moskowitz lowered the firm's price target on Proofpoint to $115 from $123 and keeps a Neutral rating on the shares. The company reported "solid" Q3 results but churn increased and management provided a "cautious high-level outlook" for 2021, Moskowitz tells investors in a research note. The analyst believes Proofpoint's core business has decelerated more than many investors realize over the past couple of years.
Proofpoint should be bought at current levels, says Piper Sandler » 06:0910/3010/30/20
Piper Sandler analyst Rob…
Piper Sandler analyst Rob Owens is a buyer of Proofpoint following the company's Q3 results and keeps an Overweight rating on the shares with a $150 price target. The company's Q3 results outpaced expectations on strength in both core email as well as emerging products, Owens tells investors in a research note. He encourages investors to "get ahead of accelerating fundamentals slated for next year and take advantage of what we view as a meaningfully mispriced asset."
|Over a month ago|
Proofpoint sees FY20 EPS $1.88 -$1.91, consensus $1.68 » 16:3310/2910/29/20
Sees FY20 revenue $1.…
Sees FY20 revenue $1. 04B-$1.05B , consensus $1.04B.
Proofpoint sees Q4 EPS 41c-44c, consensus 39c » 16:3010/2910/29/20
Sees Q4 revenue…
Sees Q4 revenue $268M-$270M, consensus $267.16M.
Proofpoint reports Q3 EPS59c , consensus 39c » 16:2710/2910/29/20
Reports Q3 revenue…
Reports Q3 revenue $266.7M, consensus $261.4M. "We were pleased to exceed our guidance on all metrics in the third quarter as we continue to execute well against our updated 2020 operating plan by driving attractive growth and profitability through a challenging economic environment," stated Paul Auvil, chief financial officer of Proofpoint. "Our strong free cash flow generation for the quarter was driven by strong cash collections as a result of exceptional billings linearity during the quarter, and serves as a clear reminder of the operating leverage intrinsic to our business model."
Proofpoint price target lowered to $124 from $155 at DA Davidson » 08:3710/2610/26/20
DA Davidson analyst…
DA Davidson analyst Andrew Nowinski lowered the firm's price target on Proofpoint to $124 from $155 but keeps a Buy rating on the shares ahead of its Q3 results. The company should "meet or modestly exceed" revenue guidance for Q3, with "solid" U.S. Federal government demand seen during the quarter, the analyst tells investors in a research note. However, Nowinski also warns that upside may be limited as most resellers have indicated that customers are "not in a hurry" to replace their current email security provider and are more focused on enabling the work-from-home environment.
FBN Securities technology analysts hold an analyst/industry conference call » 13:2510/1510/15/20
PANW, FTNT, PFPT, CHKP
Analysts, along with Key…
Analysts, along with Key Security Reseller Michael Miller, Regional Manager at Commercium Technology who is a top channel partner for both PANW and FTNT, participate in an Analyst/Industry conference call. to be held on October 15 at 2 pm