Proofpoint, Inc. was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $83.55 –$107.17 in the past one-month time frame, witnessed a sharp increase yesterday.

The upside came after analysts at KeyBanc Capital Markets and Goldman Sachs upgraded the stock, independently.

The company has seen a mixed track record when it comes to estimate revisions of two increases and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Proofpoint currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

A better-ranked stock in the Computer and Technology sector is CyberArk Software Ltd. (CYBR Quick QuoteCYBR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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