Proofpoint, Inc. Buyback
OLI recorded this information on 8/31/2020
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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Strong Buy (3.73 out of 4)