Wells Fargo Initiates Proofpoint At Outperform

Analysts at Wells Fargo initiated coverage on shares of Proofpoint

with a Outperform rating. Proofpoint shares have surged 19.48% over the past 52 weeks, while the S&P 500 index has gained 12.49% in the same period. Proofpoint's shares gained 2.03% to close at $34.65 yesterday.