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PFPT - Proofpoint: Mixed Guidance But Great Long-Term Play
Proofpoint Inc.
Proofpoint reported Q4 revenue and EPS that came in above expectations despite continued challenges with the economic environment.
2021 guidance was mixed with revenue coming in around expectations, but EPS was lower as the expense benefits from 2020 starting to come back into the financial statements in 2021.
Valuation is currently ~6x forward revenue, which is not unreasonable given the company's recent trading history and prospects of long-term 15%+ revenue growth.