Zacks Investment Research downgraded Proofpoint Inc (NASDAQ:PFPT) to Hold in a report released today.
- Updated: September 25, 2016
Just yesterday Proofpoint Inc (NASDAQ:PFPT) traded 0.58% higher at $74.64. Proofpoint Inc’s 50-day moving average is $76.16 and its 200-day moving average is $63.45. The last stock price is up 20.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 393,807 shares of PFPT traded hands, down from an average trading volume of 601,872
Zacks Investment Research has downgraded Proofpoint Inc (NASDAQ:PFPT) to Hold in a report released on 9/21/2016.
Previously on 09/13/2016, Wunderlich released a statement about Proofpoint Inc (NASDAQ:PFPT) increased the target price from $83.00 to $90.00. At the time, this indicated a possible upside of 0.19%.
Recent Performance Chart
Proofpoint Inc has 52 week low of $35.56 and a 52 week high of $80.68 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $74.62 with 10 firms rating the stock a strong buy, 12 firms rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Proofpoint Inc (NASDAQ:PFPT)
Proofpoint, Inc. is a security-as-a-service provider that enables 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. Its solutions are built on a cloud-based platform, which protects data through on-premise and cloud-based e-mail, instant messaging, social media and other Web-based applications, and also keeps tracks of the information as it is modified and distributed throughout the enterprise for compliance and data loss prevention. Its security-as-a-service platform offers five solutions: Proofpoint Enterprise Protection, Proofpoint Information Protection, Proofpoint Enterprise Archive, Proofpoint Social Media Security & Compliance, and Proofpoint Essentials.
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