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Proofpoint to buy Wombat Security Technologies for $225M

Published 02/06/2018, 06:43 PM
© Reuters.  Proofpoint to buy Wombat Security Technologies for $225M
PFPT
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  • Proofpoint (NASDAQ:PFPT) -2.4% after-hours following Q4 results and an agreement to buy Wombat Security Technologies for $225M, strengthening its offerings in the phishing simulation and security awareness training market.
  • PFPT expects the deal to increase its 2018 revenue by $30M-$32M and billings by $30M-$32M.
  • PFPT also issues guidance: For Q1, the company sees EPS of $0.15-$0.17 vs. $0.19 analyst consensus estimate, on revenues of $149M-$151M vs. $148M consensus, and for FY 2018, it sees EPS of $0.95-$1.02 vs. $1.03 consensus, on revenues of $660M-$665 vs. $663M consensus.
  • Now read: PROS Holdings, Inc. 2017 Q4 - Results - Earnings Call Slides


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