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Proofpoint (PFPT) Jumps: Stock Rises 5.5%
January 06, 2014

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Proofpoint, Inc. (PFPT - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up about 22% in the past one-month time frame.

The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Friday’s price jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

Proofpoint currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the computer software industry include Bottomline Technologies (de), Inc. ((EPAY - Free Report) ), Interactive Intelligence Group Inc. () and PTC Inc. ((PTC - Free Report) ). While Bottomline Technologies and Interactive Intelligence Group sport a Zacks Rank #1 (Strong Buy), PTC has a Zacks Rank #2 (Buy).

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