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PFPT Buyback image

Proofpoint, Inc. Buyback

OLI recorded this information on 8/31/2020

Company: Proofpoint, Inc.
Buyback: PFPT buyback
$Amount Authorized: $300,000,000
Buyback Details: Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced that its Board of Directors has approved its first share repurchase program under which the Company is authorized to repurchase up to $300 million of its common stock, representing approximately 5% of current market capitalization.

Proofpoint is a security-as-a-service provider that enables organizations worldwide to defend, protect, archive and govern their data. Co.'s security-and compliance platform is comprised of an integrated suite of threat protection, information protection, and brand protection solutions, including email protection, threat protection, email authentication, data loss prevention, digital risk, web browser isolation, email encryption, archiving, phishing simulation and security awareness computer-based training. Co.'s platform services primarily consist of: threat detection, threat intel extraction, nexus threat graph, real-time detection, information classification and intelligent policy.

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Company Name: 
Proofpoint Inc
Stock buyback: 
PFPT buyback
Website: 
www.proofpoint.com
Sector: 
Information Technology Services
Number of ETFs Holding PFPT: 
47
Total Market Value Held by ETFs: 
$978.81M
Total Market Capitalization: 
$7.55B
% of Market Cap. Held by ETFs: 
12.96%
 

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Strong Buy (3.73 out of 4)
69th percentile
(ranked higher than approx. 69% of all stocks covered)

Analysts' Target Price:
PFPT Stock Forecast

Based on Zacks ABR data;
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