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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:19 EDTPFPTProofpoint upgraded to Outperform from Neutral at Wedbush
Wedbush upgraded Proofpoint to reflect a change in investment stance to focus on customer acquisition opportunities and solid growth following recent high profile security breaches. Price target raised to $45 from $30.
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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.
September 4, 2014
16:35 EDTPFPTFinjan provides litigation update, Proofpoint motion to stay denied
Finjan Holdings provides an update on the case Finjan (FNJN) v. Proofpoint (PFPT) et al., Case No. 5:13-cv-05808-BLF. The Honorable Beth Labson Freeman denied Proofpoint's Motion to Stay the Case pending the completion of the U.S. Patent and Trademark Office's reexamination of claims in two of eight patents-in-suit representing only 10% of the Claims in question. The Court declined to issue a Stay by concluding it "…would unnecessarily delay this litigation and unduly prejudice the interests of [Finjan]." The current matter with Proofpoint is expected to continue with the Court's previously determined calendar including a Markman hearing, which is scheduled for May 8, 2015 and trial, which is set to begin January 11, 2016.According to Julie Mar-Spinola, VP, Legal Operations of Finjan, "The Court's denial of Proofpoint's Motion to Stay clears the way for the parties to prove their respective claims against the other expeditiously and on the merits, which we believe is fair for all parties concerned."
September 3, 2014
10:40 EDTPFPTAnalyst sees security 'spending frenzy' amid high-profile hacks
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