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Proofpoint Inc 28% Potential Upside Now Implied by Stifel

Proofpoint Inc with TICKER NASDAQ:PFPT had its stock rating noted as ‘Resumed’ with the recommendation being set at ‘BUY’ today by analysts at Stifel. Proofpoint Inc are listed in the Technology sector within NASDAQ. Stifel have set their target price at 75 USD on its stock. This is indicating the analyst believes there is a potential upside of 28% from the opening price of 58.61 USD.

Proofpoint Inc NASDAQ:PFPT has a 50 day moving average of 62.69 USD and a 200 Day Moving Average share price is recorded at 59.05 USD. The 52 week high for the stock is 72.7 USD while the 52 week low for the stock is 30.07 USD. Over the last 30 and 90 trading days the company share price has decreased 6.69 points and increased 0.67 points respectively. There are currently 41,969,401 shares in issue with the average daily volume traded being 531,244. Market capitalisation for NASDAQ:PFPT is $2,467,381,123.00 USD.

 

Proofpoint Inc NASDAQ:PFPT is a security-as-a-service provider that provides data protection solutions for large and mid-sized organizations around the world. The Company’s security-as-a-service platform consists of a suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication. The Company provides a multi-tiered security-as-a-service platform, comprising solutions, platform technologies and infrastructure. Its security-as-a-service platform offers a bundle of five solutions: Proofpoint Enterprise Protection, Proofpoint Enterprise Privacy, Proofpoint Enterprise Archive & Governance, Proofpoint Nexgate Social Media Security & Compliance, and Proofpoint Essentials. Its platform’s services include content inspection, reputation, encryption and key management, notification and workflow, and analytics and search.

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