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Proofpoint Inc (NASDAQ:PFPT) Investor Investigation Concerning Potiential Securities Laws Violations Announced

  • If you purchased shares of Proofpoint Inc (NASDAQ:PFPT), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Proofpoint Inc
Security
NASDAQ: PFPT

Summary

March 8, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Proofpoint Inc (NASDAQ:PFPT) shares over potential securities laws violations by Proofpoint Incand certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Proofpoint Inc (NASDAQ:PFPT) concerning whether a series of statements by Proofpoint Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Proofpoint Inc reported that its annual Total Revenue rose from $106.30 million in 2012 to $265.40 million in 2015 while its Net Loss increased from $20.36 million in 2012 to $106.45 million in 2015.

Shares of Proofpoint Inc (NASDAQ:PFPT) grew from $10.22 per share in November 2012 to as high as $74.59 per share in late November 2015. Since then NASDAQ:PFPT shares declined to as low as $35.56 per share on February 8, 2016.

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