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Fly News Breaks for July 26, 2019
PFPT
Jul 26, 2019 | 08:50 EDT
Needham analyst Alex Henderson raised his price target on Proofpoint to $150 and kept his Buy rating after its beat-and-raise Q2 results, with "strong" operating leverage and "excellent" free cash flows driving the company's longer-term targets ahead of schedule. The analyst adds that Proofpoint's international opportunity is a "key part" of his investment thesis, with revenues growing 33% in the most recent quarter but still accounting for just 19% of the total.
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