Last $46.91 USD
Change Today +1.56 / 3.44%
Volume 327.6K
PFPT On Other Exchanges
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Exchange
NASDAQ GM
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As of 4:30 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

proofpoint inc (PFPT) Snapshot

Open
$45.35
Previous Close
$45.35
Day High
$47.38
Day Low
$45.24
52 Week High
12/11/14 - $48.59
52 Week Low
04/28/14 - $24.04
Market Cap
1.8B
Average Volume 10 Days
504.7K
EPS TTM
$-1.56
Shares Outstanding
38.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PROOFPOINT INC (PFPT)

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proofpoint inc (PFPT) Details

Proofpoint, Inc. provides threat protection, regulatory compliance, archiving and governance, and secure communication solutions worldwide. The company’s integrated suite of on-demand security-as-a-service solutions enable large and mid-sized organizations to defend, protect, archive, and govern their sensitive data. Its security-as-a-service platform includes Proofpoint Enterprise Protection, a communications and collaboration security suite designed to protect customers' mission-critical messaging infrastructure from outside threats, including spam, phishing, unpredictable email volumes, malware, and other forms of objectionable or dangerous content before they reach the enterprise; and Proofpoint Enterprise Privacy, a data loss prevention, encryption, and compliance solution that defends against leaks of confidential information, and enables compliance with the United States, international, and industry-specific data protection regulations. The company also offers Proofpoint Enterprise Archive & Governance, which enables enforcement of data governance, data retention, and supervision policies and mandates; cost effective litigation support; and active legal hold management. In addition, it provides Proofpoint Essentials, a suite of security-as-a-service security and compliance solutions designed for distribution to managed service providers and dedicated security resellers. The company’s platform services comprise content inspection, reputation, encryption and key management, notification and workflow, and analytics and search services. Proofpoint, Inc. markets and sells its solutions directly through its sales teams and indirectly through a network of distributors and resellers, as well as through strategic partners. The company was founded in 2002 and is headquartered in Sunnyvale, California.

680 Employees
Last Reported Date: 03/14/14
Founded in 2002

proofpoint inc (PFPT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $441.3K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $336.3K
Executive Vice President and General Manager ...
Total Annual Compensation: $247.9K
Executive Vice President of Worldwide Sales
Total Annual Compensation: $238.3K
Compensation as of Fiscal Year 2013.

proofpoint inc (PFPT) Key Developments

Proofpoint, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:50 AM

Proofpoint, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 11:50 AM. Venue: Westin Times Square, 270 West 43rd Street, New York, New York, United States. Speakers: Gary L. Steele, Chief Executive Officer and Director, Paul R. Auvil, Chief Financial Officer and Principal Accounting Officer.

Proofpoint, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014, First Quarter and Full Year of 2015; Revises Earnings Guidance for the Full Year of 2014

Proofpoint, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s total revenue of $50.3 million, an increase of 46% compared to $34.5 million in the prior-year period. GAAP operating loss was $13.2 million compared to a loss of $7.3 million during the third quarter last year. Non-GAAP operating loss was $2.2 million compared to $2.4 million same period last year. GAAP net loss was $17.3 million or $0.46 per basic and diluted share based on 37.6 million against net loss of $7.2 million or $0.20 per basic and diluted share a year ago. Non-GAAP net loss was $4.2 million or $0.11 per basic and diluted share against loss of $2.3 million or $0.07 per basic and diluted share a year ago. Adjusted EBITDA was $0.3 million compared to adjusted LBITDA of $0.9 million for the third quarter of 2013. The company generated $8.7 million in net cash from operations compared to generating $6.8 million during the third quarter of 2013. The company generated $4.3 million in free cash flow consistent with the same period last year. Loss before provision for from income taxes was $17.196 million against $6.982 million a year ago. EBITDA was $9.646 million against $4.549 million a year ago. The company invested $4.4 million in capital expenditures. Non-GAAP net loss during the third quarter included an approximate $1.2 million impact from foreign currency translation related to cash held in local currencies overseas. Adjusted EBITDA was driven by upside revenue during the quarter, which, similar to last quarter, outpaced the rate which the company was able to productively invest operating expenses. Total deferred revenue increased $42.1 million or 42% year-over-year to $143.4 million during the third quarter, up from $101.3 million in the year-ago period. For the nine months, the company reported total revenue of $139.413 million against $97.094 million a year ago. Operating loss was $36.668 million against $18.478 million a year ago. Loss before provision for from income taxes was $46.425 million against $18.645 million a year ago. Net loss was $46.865 million against $15.647 million a year ago. Net loss per basic and diluted share was $1.26 against $0.45 a year ago. Net cash provided by operating activities was $6.543 million against $7.294 million a year ago. Purchase of property and equipment was $10.395 million against $4.502 million a year ago. Non-GAAP operating loss was $7.512 million against $8.115 million a year ago. Non-GAAP net loss was $11.399 million or $0.31 per basic and diluted share against $8.746 million or $0.25 per basic and diluted share a year ago. EBITDA was $25.199 million against $12.518 million a year ago. Adjusted LBITDA was $0.990 million against $3.965 million a year ago. The company announced that total revenue for the fourth quarter of 2014 is expected to be in the range of $52.0 million to $53.0 million. Adjusted EBITDA loss is expected to be in the range of $1.0 million to $0.5 million. The company announced that nore specifically, Sendmail revenue contribution from their legacy deferred revenue in the fourth quarter of 2013 was $2.8 million whereas that contribution from deferred revenue in the fourth quarter of 2014 will be only $1.3 million, creating a year-over-year headwind to revenue growth of $1.5 million or approximately 3.5% for the fourth quarter of 2014. The company expects fourth quarter 2014 non-GAAP net loss to be negative $4 million to negative $4.5 million or a loss of $0.10. and this assumes an income tax provision, exclusive of discrete items, of approximately $0.2 million during the quarter. In regards to free cash flow, the company expects to record at least $5 million for the fourth quarter, consistent with the company's guidance last quarter. The company increasing total revenue guidance to a range of $191.4 million to $192.4 million, reflecting an annual growth rate of 39% at the midpoint of the range. And this compares to previous total revenue guidance of $185 million to $186 million. Absent the benefit of the Sendmail deferred revenue during the year, the company's overall growth rate on an organic basis would be closer to 35%. The company continues to expect subscription revenue will account for approximately 97% of total revenue for the year. Adjusted LBITDA for the full year 2014 is expected to be in the range of $1.5 million to $2 million, a $0.3 million improvement over the guidance last quarter, driven primarily by the upside profitability the company delivered during the third quarter. The company expects full year of 2014 non-GAAP net loss to be $15.4 million to $15.9 million or a loss of $0.41 to $0.43 per share, this assumes depreciation expense of approximately $10 million to $11 million and cash interest expense associated with convertible debt of roughly $2.5 million. Free cash flow, defined as operating cash flow less capital expenditures, is expected to be in the range of breakeven to positive $5.0 million, which assumes capital expenditures of $16.0 million to $18.0 million for the full year. The company expects full year 2014 non-GAAP gross margins to be approximately 70%. The company currently expect that free cash flow should be $10 million to $12 million for the full year 2015. This 2015 guidance assumes capital expenditures of $18 million to $20 million, depreciation of roughly $13 million and cash interest expense associated with convertible debt of approximately $2.5 million. The company expects free cash flow in the first quarter of 2015 to be negative $5 million to negative $7 million as first quarter cash flow includes the annual disbursement of the company's annual bonus program, the higher expense associated with sales kickoff and the payout of accelerated commission rates earned by the sales team during the fourth quarter of 2014. The company expects EBITDA to be approximately breakeven for the full year, generating a loss of approximately $2.5 million to $3.5 million in the first quarter of 2015 with improving profitability across the remainder of the year.

Proofpoint, Inc. Presents at UBS Global Technology Conference 2014, Nov-18-2014 10:45 AM

Proofpoint, Inc. Presents at UBS Global Technology Conference 2014, Nov-18-2014 10:45 AM. Venue: Cavallo Point, The Lodge at the Golden Gate, 601 Murray Circle, Fort Baker, Sausalito, California, United States. Speakers: Manish Sarin, Executive Vice President of Corporate Development, Paul R. Auvil, Chief Financial Officer and Principal Accounting Officer.

 

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Valuation PFPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.4x
Price/Book 28.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 7.4x
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