On Wednesday, analysts at Deutsche Bank reiterated a Buy rating and $52 price target on shares of Proofpoint Inc (NASDAQ: PFPT).
Imtiaz Koujalgi finds that Proofpoint is "the only pure play SaaS messaging security, archiving vendor, and a leader in the space offering a comprehensive suite of products for securing and archiving enterprise communications and data."
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Proofpoint is also gaining market share, Koujalgi stated.
"As incumbents fail to innovate, Proofpoint is gaining market share. It has also executed consistently, beating and raising its numbers in every quarter since it went public in 2012."
Shares of Proofpoint closed Wednesday at $46.91, up 3.4 percent.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.