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Cyber-security provider Proofpoint (PFPT) late Tuesday reported adjusted fourth-quarter earnings that topped views while March-quarter profit guidance was light.
Proofpoint also announced its second acquisition in less than three months. Proofpoint agreed to buy Wombat Security Technologies for $225 million. Wombat specializes in fighting phishing attacks.
Proofpoint said that adjusted fourth-quarter earnings were 29 cents a share, up 61% from a year ago, with revenue rising 36% to $145.4 million. Analysts expected Proofpoint to report earnings of 21 cents a share on sales of $140 million, according to Zacks Investment Research.
In the March quarter, the company expects to earn 15 to 17 cents a share on revenue of about $151 million. Analysts expected adjusted earnings per share of 18 cents and revenue of $147 million.
Sunnyvale, Calif.-based Proofpoint specializes in email and data-loss protection for corporate networks and cloud-computing infrastructure. Proofpoint in November acquired Cloudmark for $110 million, boosting its email and social-media software tools.
Shares in the cybersecurity technology provider were flat in after-hours trading on the stock market today. In Tuesday's regular session, Proofpoint closed up 3.6% at 102.58, just above a 98.02 buy point.
Fortinet (FTNT), another cybersecurity stock, topped earnings and sales views late Monday, but gave weak profit guidance for the current first quarter. Fortinet still rallied 6.2% to settle at 46.54 Tuesday, rising intraday to its best level since August 2015. That's after falling just below its 50-day moving average on Monday.
FireEye (FEYE), another cybersecurity software provider, reports quarterly results on Thursday. FireEye shares closed up 2.6% to 14.33.
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