Proofpoint (Nasdaq: PFPT ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Proofpoint beat slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share dropped. GAAP loss per share shrank.
Margins grew across the board.
Proofpoint tallied revenue of $31.8 million. The seven analysts polled by S&P Capital IQ predicted revenue of $31.2 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $25.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The six earnings estimates compiled by S&P Capital IQ forecast -$0.09 per share. Non-GAAP EPS were -$0.07 for Q2 against -$0.08 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q2 compared to -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 70.2%, 250 basis points better than the prior-year quarter. Operating margin was -16.5%, 300 basis points better than the prior-year quarter. Net margin was -6.5%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $32.7 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $129.8 million. The average EPS estimate is -$0.34.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with six members out of 20 rating the stock outperform, and 14 members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), one give Proofpoint a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Proofpoint is outperform, with an average price target of $23.43.
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