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Stock Market & Financial Investment News

News Breaks
December 11, 2012
07:21 EDTPFPTVMware deploys Proofpoint suite of solutions
announced that VMware has implemented the Proofpoint suite of solutions including enhanced archive, eDiscovery and compliance for the VMware Zimbra platform. This successful implementation as well as continued collaboration between the two companies further addresses the advanced needs around data protection, archiving and compliance for global enterprises.
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April 10, 2014
08:57 EDTPFPTImperva should be bought after negative preannouncement, says Pacific Crest
After Impreva preannounced lower than expected Q1 revenue, Pacific Crest blamed the miss on a lack of sales execution and lengthening sales cycles. However, the firm is still upbeat on Imperva's outlook, as it expects demand for security products to increase. Pacific Crest reduced its price target on Imperva to $48 from $62. It recommends buying other IT security names, including Palo Alto (PANW) and Proofpoint (PFPT), on weakness in the wake of Imperva's guidance. The firm keeps Outperform ratings on all the stocks named.

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