PANW - Proofpoint: Marginal Upside
Source: Proofpoint
After reporting strong double-digit revenue growth last quarter, Proofpoint (PFPT) also provided strong revenue guidance. The $2 billion in yearly revenue target by 2023/2024 means investors will enjoy a strong growth factor that will dilute valuation multiples. Regardless, investors should ensure they use the right risk premium to measure their risk appetite as this growth relies on stable market share acquisition in a niche market, and a favorable macro environment. The last five years have been a favorable macro environment for equities. The next five years need to keep the strong momentum