Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Proofpoint (PFPT) on February 22 and set a price target of $155.00. The company’s shares closed last Tuesday at $125.72.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 33.4% and a 70.7% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Cloudflare.
Proofpoint has an analyst consensus of Strong Buy, with a price target consensus of $151.27.
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Proofpoint’s market cap is currently $7.19B and has a P/E ratio of -48.20. The company has a Price to Book ratio of -20.81.
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Proofpoint, Inc. is a cybersecurity company. It engages in the provision of cloud-based solutions. The firm’s security and compliance platform comprises of an integrated suite of threat protection, information protection, and brand protection solutions. Its solutions also includes email protection, advanced threat protection, email authentication, data loss prevention, SaaS application protection, response orchestration and automation, digital risk, web browser isolation, email encryption, archiving, eDiscovery, supervision, secure communication, phishing simulation and security awareness computer-based training. The company was founded by Eric Hahn in May 2002 and is headquartered in Sunnyvale, CA.
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