Proofpoint, Inc. operates as a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. It offers protection against advanced and targeted threats, including malicious attachments, polymorphic threats, zero-day exploits, user-transparent drive-by downloads, malicious web links, hybrid threats, malware free attacks, and other penetration tactics. The company also provides integrated email security, cloud security, threat protection products, information protection and archiving, and digital risk protection product services. In addition, it offers solutions that enable secure business-to-business and business-to-consumer communications; email encryption services that encrypt sensitive emails and deliver them to PC or mobile device; file-transfer solutions for end-users to share various forms of documents and other content; security optimized cloud architecture solutions; and security-as-a-service platform consisting of solutions, platform technologies, and infrastructures. The company serves governments, education, financial services, and healthcare sectors; small and medium businesses; and mobile operators and Internet service providers. Proofpoint, Inc. was incorporated in 2002 and is headquartered in Sunnyvale, California.
IPO Year: 2012
Exchange: NASDAQ
Website: proofpoint.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/30/2021 | Outperform → Market Perform | JMP Securities |
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Second Quarter Highlights Total revenue of $308.7 million, up 19% year-over-yearBillings of $328.6 million, up 31% year-over-yearGAAP EPS of $(0.92) per share, Non-GAAP EPS of $0.63 per share Operating cash flow of $60.9 million and free cash flow of $54.8 million SUNNYVALE, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (the "Company" or "Proofpoint") (NASDAQ:PFPT), a leading cybersecurity and compliance company, today announced financial results for the second quarter ended June 30, 2021. "We were very pleased with our strong operating results for the second quarter and our team's solid execution year-to-date," stated Gary Steele, chief executive officer of Proofpoi
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JMP Securities downgraded Proofpoint from Outperform to Market Perform
Robert W. Baird downgraded Proofpoint from Outperform to Neutral and set a new price target of $176.00
Baird downgraded Proofpoint from Outperform to Neutral and set a new price target of $176.00
Monness, Crespi, Hardt downgraded Proofpoint from Buy to Neutral and set a new price target of $176.00 from $160.00 previously
Colliers Securities downgraded Proofpoint from Buy to Neutral
DA Davidson downgraded Proofpoint from Buy to Neutral and set a new price target of $176.00 from $160.00 previously
Wedbush downgraded Proofpoint from Outperform to Neutral and set a new price target of $176.00
JMP Securities reiterated coverage of Proofpoint with a rating of Market Outperform and set a new price target of $190.00 from $157.00 previously
BTIG downgraded Proofpoint from Buy to Neutral
Summit Insights upgraded Proofpoint from Hold to Buy and set a new price target of $165.00
SUNNYVALE, Calif., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc., a leading cybersecurity and compliance company, today announced that for the second straight year it has been named the winner of the "Overall Enterprise Email Security Solution Provider of the Year" award at the annual CyberSecurity Breakthrough Awards. The awards program is conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies, and products in the global information security market today. The importance of an effective email security solution for organizations cannot be understated. Email remains the No. 1 threat vector for cybe
SUNNYVALE, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. ("Proofpoint"), a leading cybersecurity and compliance company, today announced that the acquisition by Thoma Bravo, a leading software investment firm, of Proofpoint constitutes a "fundamental change" and a "make-whole fundamental change" under the indenture (the "Indenture") governing Proofpoint's 0.25% convertible senior notes due 2024 (the "Notes"). Thoma Bravo's acquisition of Proofpoint was completed on August 31, 2021, which is the effective date of the fundamental change and make-whole fundamental change. Proofpoint has designated the Fundamental Change Purchase Date (as defined in the Indenture) as September 2
SUNNYVALE, Calif. and SAN FRANCISCO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. The acquisition was previously announced on April 26, 2021, and Proofpoint's stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. Upon completion of the acquisition, Proofpoint stockholders were entitled to receive $176.00 in cash for each share of Proofpoint common stock they own. Proofpoint common stock has ceased trading and i
SUNNYVALE, Calif., Aug. 24, 2021 (GLOBE NEWSWIRE) -- A U.S. federal jury unanimously found Friday that Vade Secure (Vade) willfully and maliciously misappropriated over a dozen trade secrets and infringed copyrights belonging to Proofpoint, Inc. (NASDAQ:PFPT) and its subsidiary Cloudmark LLC, awarding Proofpoint approximately $13.5 million in compensatory damages for Vade's unjust enrichment to date. The Court's decision on punitive damages for Vade's willful misappropriation of the trade secrets is expected in late October. Proofpoint will also be seeking injunctive relief to address ongoing and future harm to Proofpoint. The verdict is the culmination of one week of jury deliberations f
TORONTO, Aug. 24, 2021 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD" or the "Company") (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce XREX Inc. ("XREX"), a Taiwan-based blockchain TradeTech company closed its US$17 million Pre-A round of financing. ThreeD participated in this investment round by providing US$400,000 to acquire 282,386 Series Pre-A Preferred Shares of XREX. "We are very excited about our investment in XREX and its commitment to financial inclusion," said Sheldon Inwentash, Chairman and CEO of ThreeD. "The cryptoc
Taipei, Taiwan, Aug. 22, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) XREX, a crypto-fiat fintech company driving financial inclusion via blockchain, closed its $17 million Pre-A round, which was oversubscribed by 200%. XREX will use the funding to expand its fiat currency portfolio, acquire additional licenses, and forge partnerships with more financial institutions and digital wallets. Photo Available Wayne Huang (right) and Winston Hsiao (left), crypto-fiat fintech company XREX successfully raised $17 million in its Pre-A round. Led by CDIB Capital Group (TWSE: 2883), the consortium of global investors includes publicly-listed companies, major banks, venture capital firms, and top f
SUNNYVALE, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ:PFPT), a leading cybersecurity and compliance company, and Ponemon Institute, a top IT security research organization, today released the results of a new study on the Cost of Phishing. The report reveals that the cost of phishing attacks have almost quadrupled over the past six years, with large U.S. companies losing an average of $14.8 million annually (or $1,500 per employee), up sharply from 2015's figure of $3.8 million. According to the study, which surveyed nearly 600 IT and IT security practitioners, the most expensive threats to businesses include BEC and ransomware attacks. But the costs to organizat
SUNNYVALE, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ:PFPT), a leading cybersecurity and compliance company, today unveiled its annual Human Factor report, which provides a comprehensive examination of the three main facets of user risk—vulnerability, attacks, and privilege—and how the extraordinary events of 2020 transformed the current threat landscape. Human Factor 2021 draws on data and insight from a year's worth of research, covering threats detected, mitigated, and resolved across one of the largest datasets in cybersecurity. "Attackers don't hack in, they log in, and people continue to be the most critical factor in today's cyber attacks. The threat ecosyst
TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) -- ISA Cybersecurity today announced that it is now delivering Proofpoint's industry-leading secure email solutions as a managed service offering. A first in the Canadian marketplace, this partnership will bring affordable, best-in-class email security solutions to companies of all sizes, right across the country. ISA Cybersecurity's enterprise-grade and field-proven cloud security services and Proofpoint's best-in-class email security and protection solutions address the growing dangers of email-based cyber threats: Proofpoint's 2021 State of the Phish report reveals that 57% of respondents said their organization dealt with a successful phishi
Second Quarter Highlights Total revenue of $308.7 million, up 19% year-over-yearBillings of $328.6 million, up 31% year-over-yearGAAP EPS of $(0.92) per share, Non-GAAP EPS of $0.63 per share Operating cash flow of $60.9 million and free cash flow of $54.8 million SUNNYVALE, Calif., July 29, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (the "Company" or "Proofpoint") (NASDAQ:PFPT), a leading cybersecurity and compliance company, today announced financial results for the second quarter ended June 30, 2021. "We were very pleased with our strong operating results for the second quarter and our team's solid execution year-to-date," stated Gary Steele, chief executive officer of Proofpoi