Its shares, currently at $129.53 and climbing today, are at an all-time high.
Celebrating the six-year anniversary of its 2012 initial public offering, the company has posted nine straight solid quarters and grown through diversifying beyond its bread-and-butter business--email security against spam and viruses--to security solutions across cloud-based systems, social media and mobile. Its built its product portfolio through acquisitions of Wombat Security Technologies and Cloudmark over the last six months.
The Sunnyvale, Calif.-based Proofpoint has adopted a "360-degree view of the [cybersecurity] threat environment" as the underpinning of its business model, company Chief Financial Officer Paul Auvil tells Barron's.
"We've evolved [product-wise] as the [security] threat has grown to social media content and weaponized documents," Auvil says. "We're protecting people from all forms of advanced threats."
Last week, the company reported non-GAAP earnings of 30 cents a share, an improvement of 36% year-over-year jump, outpacing the Zacks Consensus Estimate of 16 cents, and Proofpoint's guidance of 15 cents to 17 cents per share.
"Proofpoint is not just an email security company, but a next-generation cybersecurity player," Joel Fishbein, BTIG Research analyst, said in a note to clients last month.
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