Tag Archives: pfpt

Proofpoint Falls On Muddy Waters ‘Fudged Growth’ Claim

A Twitter (TWTR) scuffle erupted Thursday, causing Proofpoint (PFPT) stock to fall on short-seller Muddy Waters Research’s allegation that the cybersecurity company had “fudged organic growth.” A Muddy Waters tweet about its claim found Proofpoint stock falling 14% initially. In late afternoon trading on the stock market today, Proofpoint stock had recovered somewhat and was down 5.3% at 69.04. Muddy Waters’ Carson Block claimed at the London Sohn

Proofpoint Soars On Q3 Beat, Intel Partnership

Proofpoint (PFPT) stock soared Thursday to a two-month high after the cybersecurity firm late Wednesday posted Q3 revenue that jumped 37% vs. the year-earlier quarter and reduced its per-share losses by a nickel, beating views. The Sunnyvale, Calif.-based company also announced a partnership with Intel (INTC) Security, formerly McAfee, that lets the chipmaker use Proofpoint’s threat intelligence information in a “joint go-to-market collaboration,”

Proofpoint Email Security Seen Taking Market Share

Proofpoint (PFPT) got a price target increase Monday and notched yet another record high, as an analyst sees it as a leader in securing email, giving the company significant growth opportunities. “We believe Proofpoint’s growth will be driven by increasing its penetration into Fortune 1000 businesses (only 24% penetrated at the end of Q1), cross-selling more products to existing customers (60% of customers still only buy one product) and