Dropping The 52 Week Low, Proofpoint Inc (Nasdaq:PFPT) Closing Trading At $83.55

Proofpoint Inc (Nasdaq:PFPT)

October 26th, 2018

Amidst falling markets Proofpoint Inc fell $15.44 Friday which equals a 15.59% decline, closing at $83.55. As well as the drop in value, Proofpoint Inc hit a new 52 week low of $75.92, breaking the previous low of $93.50 from earlier this month. Despite the drop in value, trading volumes were solid at 665% of normal which can indicate investor opportunities.

PFPT was outperformed by the rest of the Information Technology sector which went down only 1.87%.

Analysis results from 24 analysts indicates that Proofpoint Inc could rise significantly (38%), while Finbox has calculated (with medium uncertainty) a fair value price of $92.46.

Market Sectors

Friday saw a downward swing in all sectors of the market with Consumer Discretionary seeing the biggest drop at 3.55% drop. Information Technology has seen the biggest year-to-date gain at 8.06%. The biggest loss this year has been the Materials sector dropping 16%.

Sector Breakdown

  • Materials went down with a -0.65% change.
  • Energy went down with a -0.78% change.
  • Industrials went down with a -0.97% change.
  • Healthcare went down with a -1.08% change.
  • Financials went down with a -1.35% change.
  • Consumer Staples went down with a -1.69% change.
  • Utilities went down with a -1.70% change.
  • Information Technology went down with a -1.87% change.
  • Communication Services went down with a -2.40% change.
  • Real Estate went down with a -2.59% change.
  • Consumer Discretionary went down with a -3.55% change.

Proofpoint, Inc. is based in Sunnyvale, United States of America. was founded in 2002.

Proofpoint Inc Info

Proofpoint, Inc. operates as a security-as-a-service (SaaS) 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 solutions for email security, such as enterprise protection, email fraud defense, and email continuity offerings; advanced threat products, including solutions to protect organizations across threat vectors, including email, social media, mobile apps, and SaaS applications; a suite of security solutions comprising data loss prevention, encryption, data discover for data at rest, enterprise archive, eDiscovery analytics, and supervision; and digital risk protection suite that enables organizations to look beyond their borders for threats targeting their customers across email phishing, malicious Web domains, fraudulent mobile apps, and fraudulent social media accounts. 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. The company serves aerospace and defense, education, financial services, government, healthcare, manufacturing, and retail sectors. Proofpoint, Inc. was founded in 2002 and is headquartered in Sunnyvale, California.

All amounts in USD unless otherwise indicated

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