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June 02, 2015 3:58 PM ET

Software

Company Overview of Proofpoint, Inc.

Company Overview

Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. The company’s security-as-a-service solutions comprises an integrated suite of on-demand data protection solutions that enable large and mid-sized organizations to defend, protect, archive, and govern their sensitive data. It provides Proofpoint Enterprise Protection, a communications and collaboration security suite designed to protect customers' mission-critical messaging infrastructure from outside threats, including spam, phishing, unpredictable email volumes, malware, and other forms of objectionable or dangerous content ...

892 Ross Drive

Sunnyvale, CA 94089

United States

Founded in 2002

859 Employees

Phone:

408-517-4710

Fax:

408-517-4711

Key Executives for Proofpoint, Inc.

Chief Executive Officer and Director
Age: 52
Total Annual Compensation: $450.0K
Chief Financial Officer
Age: 50
Total Annual Compensation: $358.3K
Executive Vice President and General Manager of Information Security Products Group
Age: 48
Total Annual Compensation: $288.7K
Senior Vice President of Information Archiving & Governance Products Group and General Manager of Information Archiving & Governance Products Group
Age: 48
Total Annual Compensation: $263.8K
Executive Vice President of Worldwide Sales
Age: 48
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

Proofpoint, Inc. Key Developments

Proofpoint, Inc. Presents at Credit Suisse 4th Annual Disruptive Technology Conference, May-13-2015 08:25 AM

Proofpoint, Inc. Presents at Credit Suisse 4th Annual Disruptive Technology Conference, May-13-2015 08:25 AM. Venue: Park Central San Francisco, 50 Third Street, San Francisco, CA 94103, United States. Speakers: Paul R. Auvil, Chief Financial Officer.

Proofpoint, Inc. Releases Results of its Annual Study, the Ways Attackers Exploit End-Users' Psychology to Circumvent IT Security

Proofpoint, Inc. released the results of its annual study that details the ways attackers exploit end-users' psychology to circumvent IT security. The Human Factor Report 2015 reveals that last year was the year attackers "went corporate" by changing their tactics to focus on businesses rather than consumers, exploiting middle management overload of information sharing, and trading off attack volume for sophistication. The Proofpoint findings reiterate how human behavior, not simply system or software vulnerabilities, has significant implications on enterprise security "and what defenses are necessary in a world where everyone clicks. Key findings from The Human Factor Report 2015 include: Every organization clicks. On average, users click one of every 25 malicious messages delivered. No organization observed was able to eliminate clicking on malicious links. Middle management is a bigger target. Representing a marked change from 2013 when managers were less frequently targeted by malicious emails, in 2014 managers effectively doubled their click rates compared to the previous year. Additionally, managers and staff clicked on links in malicious messages two times more frequently than executives. Sales, Finance and Procurement are the worst offenders. Sales, Finance and Procurement (Supply Chain) were the worst offenders when it came to clicking links in malicious messages, clicking on links in malicious messages 50-80% more frequently than the average departmental click rate. Clicks happen fast. Organizations no longer have weeks or even days to find and stop malicious emails because attackers are luring two-out-of-three end users into clicking on the first day, and by the end of the first week, 96% of all clicks have occurred. In 2013, only 39% of emails were clicked in the first 24 hours; however, in 2014 that number increased to 66%. Attacks are occurring mostly during business hours. The majority of malicious messages are delivered during business hours, peaking on Tuesday and Thursday mornings. Tuesday is the most active day for clicking, with 17% more clicks than the other weekdays. Users learn, but attackers adapt faster than users can learn. The use of social media invitation lures, which were the most popular and effective email lures in 2013, decreased 94% in 2014. Email lures that employ attachments rather than URLs, such as message notification and corporate financial alerts, increased significantly as a vector. During select days in 2014, Proofpoint saw a 1,000% increase in messages with malicious attachments over the normal volume. The most popular email lures in 2014 included: e-fax and voicemails notifications, and corporate and personal financial alerts.

Proofpoint, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year 2015

Proofpoint, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenue was $57,763,000 against $42,704,000 a year ago. Operating loss was $17,478,000 against $11,279,000 a year ago. Loss before provision for income taxes was $21,511,000 against $14,251,000 a year ago. Net loss was $21,673,000 or $0.56 per basic and diluted share against $14,395,000 or $0.39 per basic and diluted share a year ago. Net cash provided by operating activities was $11,887,000 against $4,119,000 a year ago. Purchase of property and equipment was $4,584,000 against $2,291,000 a year ago. Non-GAAP operating loss was $1,565,000 against $3,212,000 a year ago. Non-GAAP net loss was $3,554,000 or $0.09 per basic and diluted share against $4,242,000 or $0.12 per basic and diluted share a year ago. LBITDA was $13,194,000 against $7,676,000 a year ago. Adjusted EBITDA was $1,192,000 against adjusted LBITDA of $1,370,000 a year ago. Free cash flow generation was $7.3 million compared to $1.8 million a year ago. For the second quarter of 2015, the company's total revenue is expected to be in the range of $60.0 million to $61.0 million. Adjusted EBITDA is expected to be in the range of $0.1 million to $0.3 million. Non-GAAP LPS is expected to be in the range of $0.10 to $0.09 based on approximately 39.6 million weighted average shares outstanding. Free cash flow is expected to be approximately break-even. For the full year 2015, the company's total revenue is expected to be in the range of $250.0 million to $252.0 million. Adjusted EBITDA is expected to be in the range of $1.5 million to $2.5 million. Non-GAAP LPS is expected to be in the range of $0.40 to $0.37 based on approximately 40.0 million weighted average shares outstanding. Free cash flow, defined as operating cash flow less capital expenditures, is expected to be in the range of positive $20.0 million to $25.0 million, which assumes capital expenditures of $18.0 million to $20.0 million for the full year.

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