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Initiation
Proofpoint initiated with an Outperform at SMBC Nikko » 16:58
11/16/20
11/16
16:58
11/16/20
16:58
PFPT

Proofpoint

$100.67 /

-0.2 (-0.20%)

SMBC Nikko initiated…

SMBC Nikko initiated coverage of Proofpoint with an Outperform rating and $122 price target.

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PFPT Proofpoint
$100.67 /

-0.2 (-0.20%)

PFPT Proofpoint
$100.67 /

-0.2 (-0.20%)

11/02/20
Fly Intel: Top five analyst downgrades
11/02/20 Summit Insights
Proofpoint downgraded to Hold from Buy at Summit Insights
10/30/20 Mizuho
Proofpoint price target lowered to $115 from $123 at Mizuho
10/30/20 Piper Sandler
Proofpoint should be bought at current levels, says Piper Sandler
PFPT Proofpoint
$100.67 /

-0.2 (-0.20%)

Downgrade
Fly Intel: Top five analyst downgrades » 09:52
11/02/20
11/02
09:52
11/02/20
09:52
IMO

Imperial Oil

$13.44 /

+0.11 (+0.83%)

, AON

Aon plc

$182.56 /

-1.425 (-0.77%)

, BFAM

Bright Horizons

$154.74 /

-2.63 (-1.67%)

, PFPT

Proofpoint

$95.20 /

-0.54 (-0.56%)

, OLLI

Ollie's Bargain Outlet

$82.58 /

-4.48 (-5.15%)

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

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PFPT Proofpoint
$95.20 /

-0.54 (-0.56%)

BFAM Bright Horizons
$154.74 /

-2.63 (-1.67%)

AON Aon plc
$182.56 /

-1.425 (-0.77%)

IMO Imperial Oil
$13.44 /

+0.11 (+0.83%)

11/02/20 JPMorgan
Imperial Oil upgraded to Neutral after 'strong' Q3 at JPMorgan
11/02/20 JPMorgan
Imperial Oil upgraded to Neutral from Underweight at JPMorgan
11/02/20 Goldman Sachs
Imperial Oil downgraded to Sell from Neutral at Goldman Sachs
10/26/20 CIBC
Imperial Oil initiated with a Neutral at CIBC
AON Aon plc
$182.56 /

-1.425 (-0.77%)

11/02/20 Piper Sandler
Aon plc downgraded to Neutral from Overweight at Piper Sandler
10/06/20 Citi
Aon risk/reward 'compelling' across all deal scenarios, says Citi
08/21/20 Wells Fargo
Aon plc pullback creates attractive entry point, says Wells Fargo
08/05/20 Raymond James
Raymond James downgrades Willis Towers Watson with focus on merger
BFAM Bright Horizons
$154.74 /

-2.63 (-1.67%)

11/02/20 Jefferies
Bright Horizons price target raised to $181 from $165 at Jefferies
11/02/20 Baird
Bright Horizons near-term challenged, Baird downgrades to Neutral
11/02/20 Baird
Bright Horizons downgraded to Neutral from Outperform at Baird
10/06/20
Fly Intel: Top five analyst downgrades
PFPT Proofpoint
$95.20 /

-0.54 (-0.56%)

11/02/20 Summit Insights
Proofpoint downgraded to Hold from Buy at Summit Insights
10/30/20 Mizuho
Proofpoint price target lowered to $115 from $123 at Mizuho
10/30/20 Piper Sandler
Proofpoint should be bought at current levels, says Piper Sandler
10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
OLLI Ollie's Bargain Outlet
$82.58 /

-4.48 (-5.15%)

11/02/20 Wells Fargo
Ollie's Bargain Outlet downgraded to Underweight from Overweight at Wells Fargo
08/28/20 Craig-Hallum
Ollie's Bargain Outlet price target raised to $128 from $120 at Craig-Hallum
08/28/20 KeyBanc
Ollie's Bargain Outlet price target raised to $120 from $115 at KeyBanc
07/22/20 Craig-Hallum
Ollie's Bargain Outlet price target raised to $119 from $107 at Craig-Hallum
PFPT Proofpoint
$95.20 /

-0.54 (-0.56%)

OLLI Ollie's Bargain Outlet
$82.58 /

-4.48 (-5.15%)

BFAM Bright Horizons
$154.74 /

-2.63 (-1.67%)

AON Aon plc
$182.56 /

-1.425 (-0.77%)

OLLI Ollie's Bargain Outlet
$82.58 /

-4.48 (-5.15%)

OLLI Ollie's Bargain Outlet
$82.58 /

-4.48 (-5.15%)

BFAM Bright Horizons
$154.74 /

-2.63 (-1.67%)

AON Aon plc
$182.56 /

-1.425 (-0.77%)

Downgrade
Proofpoint downgraded to Hold from Buy at Summit Insights » 05:52
11/02/20
11/02
05:52
11/02/20
05:52
PFPT

Proofpoint

$95.74 /

-7.5 (-7.26%)

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.

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PFPT Proofpoint
$95.74 /

-7.5 (-7.26%)

PFPT Proofpoint
$95.74 /

-7.5 (-7.26%)

10/30/20 Mizuho
Proofpoint price target lowered to $115 from $123 at Mizuho
10/30/20 Piper Sandler
Proofpoint should be bought at current levels, says Piper Sandler
10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
PFPT Proofpoint
$95.74 /

-7.5 (-7.26%)

Recommendations
Proofpoint price target lowered to $115 from $123 at Mizuho » 06:49
10/30/20
10/30
06:49
10/30/20
06:49
PFPT

Proofpoint

$103.00 /

-1.27 (-1.22%)

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.

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PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

10/30/20 Piper Sandler
Proofpoint should be bought at current levels, says Piper Sandler
10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

Recommendations
Proofpoint should be bought at current levels, says Piper Sandler » 06:09
10/30/20
10/30
06:09
10/30/20
06:09
PFPT

Proofpoint

$103.00 /

-1.27 (-1.22%)

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."

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PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

Over a month ago
Earnings
Proofpoint sees FY20 EPS $1.88 -$1.91, consensus $1.68 » 16:33
10/29/20
10/29
16:33
10/29/20
16:33
PFPT

Proofpoint

$103.00 /

-1.27 (-1.22%)

Sees FY20 revenue $1.…

Sees FY20 revenue $1. 04B-$1.05B , consensus $1.04B.

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PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

Earnings
Proofpoint sees Q4 EPS 41c-44c, consensus 39c » 16:30
10/29/20
10/29
16:30
10/29/20
16:30
PFPT

Proofpoint

$103.00 /

-1.27 (-1.22%)

Sees Q4 revenue…

Sees Q4 revenue $268M-$270M, consensus $267.16M.

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PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

Earnings
Proofpoint reports Q3 EPS59c , consensus 39c » 16:27
10/29/20
10/29
16:27
10/29/20
16:27
PFPT

Proofpoint

$103.00 /

-1.27 (-1.22%)

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."

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PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

10/26/20 DA Davidson
Proofpoint price target lowered to $124 from $155 at DA Davidson
08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
PFPT Proofpoint
$103.00 /

-1.27 (-1.22%)

Recommendations
Proofpoint price target lowered to $124 from $155 at DA Davidson » 08:37
10/26/20
10/26
08:37
10/26/20
08:37
PFPT

Proofpoint

$107.47 /

-0.96 (-0.89%)

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.

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PFPT Proofpoint
$107.47 /

-0.96 (-0.89%)

PFPT Proofpoint
$107.47 /

-0.96 (-0.89%)

08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
07/31/20 Northland
Proofpoint price target raised to $153 from $145 at Northland
PFPT Proofpoint
$107.47 /

-0.96 (-0.89%)

Conference/Events
FBN Securities technology analysts hold an analyst/industry conference call » 13:25
10/15/20
10/15
13:25
10/15/20
13:25
PANW

Palo Alto Networks

$250.59 /

-5.56 (-2.17%)

, FTNT

Fortinet

$130.05 /

-0.15 (-0.12%)

, PFPT

Proofpoint

$110.72 /

-1.22 (-1.09%)

, CHKP

Check Point

$127.50 /

-0.5 (-0.39%)

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

ShowHide Related Items >><<
PFPT Proofpoint
$110.72 /

-1.22 (-1.09%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

FTNT Fortinet
$130.05 /

-0.15 (-0.12%)

CHKP Check Point
$127.50 /

-0.5 (-0.39%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

08/26/20 Deutsche Bank
Palo Alto Networks price target raised to $340 from $328 at Deutsche Bank
08/25/20 FBN Securities
Palo Alto Networks price target raised to $300 from $265 at FBN Securities
08/25/20 JPMorgan
Palo Alto Networks price target raised to $268 from $236 at JPMorgan
08/25/20 Northland
Palo Alto Networks price target raised to $313 from $285 at Northland
FTNT Fortinet
$130.05 /

-0.15 (-0.12%)

10/15/20 Mizuho
Fortinet price target raised to $130 from $123 at Mizuho
08/26/20 UBS
Fortinet price target raised to $140 from $134 at UBS
08/20/20 Deutsche Bank
Fortinet initiated with a Hold at Deutsche Bank
08/07/20 UBS
Fortinet price target raised to $134 from $122 at UBS
PFPT Proofpoint
$110.72 /

-1.22 (-1.09%)

08/26/20 Wedbush
Proofpoint assumed with an Outperform at Wedbush
08/19/20
Fly Intel: Top five analyst upgrades
08/19/20 Morgan Stanley
Proofpoint upgraded to Overweight from Equal Weight at Morgan Stanley
07/31/20 Northland
Proofpoint price target raised to $153 from $145 at Northland
CHKP Check Point
$127.50 /

-0.5 (-0.39%)

08/20/20
Fly Intel: Top five analyst initiationsNewPage
08/20/20 Deutsche Bank
Check Point initiated with a Hold at Deutsche Bank
07/23/20 Wedbush
Check Point price target raised to $140 from $125 at Wedbush
07/23/20 Credit Suisse
Check Point price target raised to $125 from $110 at Credit Suisse
PFPT Proofpoint
$110.72 /

-1.22 (-1.09%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

FTNT Fortinet
$130.05 /

-0.15 (-0.12%)

CHKP Check Point
$127.50 /

-0.5 (-0.39%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

CHKP Check Point
$127.50 /

-0.5 (-0.39%)

PANW Palo Alto Networks
$250.59 /

-5.56 (-2.17%)

FTNT Fortinet
$130.05 /

-0.15 (-0.12%)

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