Form 8-K PROOFPOINT INC For: Jul 21

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Go back to Form 8-K PROOFPOINT INC For: Jul 21

Pacific Crest Downgrades Proofpoint (PFPT) to Sector Weight

July 22, 2016 6:49 AM EDT

Pacific Crest downgraded Proofpoint (NASDAQ: PFPT) from Overweight to Sector Weight. Analyst Rob Owens doesn't recommend purchasing shares at current levels.

"Consistent with checks, Proofpoint had stronger-than-expected results, topping all of our quarterly expectations. But as PFPT shares have meaningfully "squeezed"... More