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Stock Market & Financial Investment News

News Breaks
November 28, 2012
07:13 EDTPFPTProofpoint weakness unjustified, says RBC Capital
After Proofpoint's stock tumbled about 25% after reporting Q3 results that RBC Capital views as strong ,the firm believes that the decline in the stock isn't indicative of its business, or the company’s competitive position. The firm maintains a $19 price target and Outperform rating on the shares.
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September 18, 2014
08:14 EDTPFPTProofpoint outlook has improved, says JMP Securities
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September 8, 2014
07:01 EDTPFPTProofpoint remains a favorite play in security at RBC Capital
RBC Capital believes the security demand environment is accelerating due to recent security breaches and Proofpoint's products continue to resonate well. The analyst said cross selling opportunities are sizable while productive gains are driving billings growth. The firm said Proofpoint is a favorite name in security and raised its price target ot $46 from $43. Shares are Outperform rated.

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