PFPT - Proofpoint: Great Buy And Hold Position For Long-Term Portfolios
Not surprisingly, Proofpoint (PFPT) reported another strong quarter with revenue, margins, and EPS all coming in ahead of expectations. Management provided 2020 guidance that was strong than expected, yet the stock initially traded down. However, over the past week, the stock has since recovered as investors realized the consistency and long-term growth of the company.
Q4 revenue came in ahead of both management's guidance and consensus expectations. Operating margins continued to expand, with Q4 margins expanding 100bps compared to the year ago period, leading to another quarter of EPS beating expectations. In addition,