Proofpoint, Inc. (NASDAQ: PFPT) – Why ProofPoint’s stock is rallying today
Proofpoint (NASDAQ: PFPT) Shares are trading higher after the company reported better than expected EPS and sales results. The company also announced that Thoma Bravo is interested in acquiring the company for $ 176 per share in cash for a total of $ 12.3 billion.
“Today’s announcement demonstrates the strength of Proofpoint’s people-centered approach to cybersecurity and compliance and underscores our important role in preventing, defending and responding to today’s threats.” hui, âsaid Gary Steele, president and CEO of Proofpoint.
Proofpoint is a provider of cloud-based security solutions for large and medium-sized businesses in a wide range of industries. The company’s solutions are delivered through its Security-as-a-Service Platform, which hosts an integrated set of on-demand data protection applications.
Proofpoint shares were trading 31.7% higher at $ 173.50 a share at the time of writing. The stock has a 52-week high of $ 174.25 and a 52-week low of $ 91.60.
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