Proofpoint posts 5.2% gain after CFO talks up Q1 demand

|By:, SA News Editor

In an 8-K filed today, Proofpoint (NASDAQ:PFPT) notes CFO Paul Auvil told Bloomberg the security software spending environment remains "very robust" in Q1.

Auvil also mentioned Proofpoint plans to make new "tuck-in" acquisitions - the company recently struck a $40M deal to buy malware threat-intelligence service provider Emerging Threats - and that it sees plenty of upselling opportunities, given 60% of Proofpoint customers have only deployed 1 product. The company's Targeted Attack Protection software was singled out.

Proofpoint rallied to $56.24 today. On Tuesday, the company joined a slew of other cybersecurity names in selling off.

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