New Lifetime High Reached: Proofpoint (PFPT)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Proofpoint ( PFPT) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Proofpoint as such a stock due to the following factors:

  • PFPT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $60.5 million.
  • PFPT has traded 21,293 shares today.
  • PFPT is trading at a new lifetime high.

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More details on PFPT:

Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. Currently there are 11 analysts that rate Proofpoint a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Proofpoint has been 641,500 shares per day over the past 30 days. Proofpoint has a market cap of $2.6 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.00 and a short float of 14.9% with 5.55 days to cover. Shares are up 38.1% year-to-date as of the close of trading on Monday.

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