Proofpoint Inc (PFPT) stock is higher by 1.55% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PFPT Stock Today?
Proofpoint Inc (PFPT) stock is up 0.45% while the S&P 500 is lower by -0.04% as of 3:25 PM on Tuesday, Apr 6. PFPT has gained $0.59 from the previous closing price of $129.39 on volume of 286,514 shares. Over the past year the S&P 500 is higher by 53.04% while PFPT has gained 18.03%. PFPT lost -$2.86 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for Proofpoint Inc click here.
More About Proofpoint Inc
Proofpoint Inc. is a provider of cloud-based security solutions to large- and mid-sized organizations in a wide range of industries. The firm's solutions are delivered through its security-as-a-service platform, which hosts an integrated set of on-demand data protection applications. These solutions include threat protection, incident response, regulatory compliance, archiving, governance, and secure communication capabilities. The company derives revenue from subscription fees and hardware, training, and professional services fees. A majority of the firm's revenue is generated in the United States.
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