PFPT - Proofpoint's mixed full-year outlook suggests a 'reset year' says analyst

Proofpoint ([[PFPT]] -1.6%) shares remain in the red after yesterday's Q4 report, which topped estimates but included mixed full-year guidance.In Q4, revenue was up 13% Y/Y to $275.1M and $0.51 EPS, $0.09 ahead of estimates.Billings were up 8% to $374.9M versus the $347.2M in last year's quarter.Non-GAAP gross margin was 81%, up one percentage point on the year.Operating cash flow totaled $55.7M with FCF of $28.9M.For Q1 Proofpoint expects $280-282M in revenue (consensus: $275.32M) and EPS of $0.39-0.40 (consensus: $0.39).The full-year outlook includes upside revenue of $1.19-1.20B (consensus: $1.19B) and downside EPS of $1.91-1.99 (consensus: $2.05).Press release.William Blair (Outperform) says Proofpoint's report showed the company "navigating a challenging COVID-19 environment" with 2021 largely serving as a "reset year."

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Proofpoint's mixed full-year outlook suggests a 'reset year,' says analyst