PFPT

Proofpoint Inc

TMT


Presented:04/25/2017
Price:$78.65
Cap:$3.40B
Current Price:$175.90
Cap:$9.93B

Presented

Date04/25/2017
Price$78.65
Market Cap$3.40B
Ent Value$3.17B
P/E RatioN/A
Book Value$0.84
Div Yield0%
Shares O/S43.23M
Ave Daily Vol777,957
Short Int18.39%

Current

Price$175.90
Market Cap$9.93B
Proofpoint, Inc. is a security-as-a-service provider that enables large and mid-sized organizations worldwide to defend, protect, archive and govern their most sensitive data. It solutions are built on a flexible, cloud-based platform and leverage a number of proprietary technologies-including big data analytics, machine learning, deep content inspection, secure storage, advanced encryption, intelligent message routing, dynamic malware analysis, threat correlation, and virtual execution environments-to address today's rapidly changing threat landscape. The company was founded by Eric Hahn in June 2002 and is headquartered in Sunnyvale, CA.

Publicly traded companies mentioned herein: Cisco Systems Inc (CSCO), Microsoft Corp (MSFT), Mimecast Ltd (MIME), Proofpoint Inc (PFPT)

Highlights

The presenter is short shares of Proofpoint (PFPT), an e-mail security company, citing increasing competition and overenthusiastic growth expectations. He believes competitors, particularly Microsoft, are making inroads in the space and could look to undermine PFPT’s position. In addition, unique growth tailwinds have built up unrealistic organic growth expectations that will likely be disappointed as those tailwinds fade. The presenter sees PFPT shares declining as much 25% - 50% over the next 6 – 9 months as growth slows and multiples compress.

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Idea Discussion

Commentor 1 - 2 weeks ago

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