Resistance is modest, so this is a great time to buy some options. I expect the stock will move to October highs (around 108) after a brief consolidation. That represents a nice 12% gain from where the stock is currently sitting.
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About Proofpoint (PFPT)
Proofpoint, Inc. provides security-as-a-service (SaaS) solutions to large and mid-sized organizations. Their various offerings helps companies defend, protect, archive, and govern sensitive data worldwide.
The company serves aerospace and defense, education, financial services, government, healthcare, manufacturing, and retail sectors. Proofpoint, Inc. was founded in 2002 and is headquartered in Sunnyvale, California