Proofpoint (PFPT) IPO Note

Proofpoint recently priced their IPO above the $10-12 range at $13 and has held together well in the aftermarket where it's trading at $13.77. We're actively covering much of the information security space because it is so critical to consumer internet use, mobile computing and enterprise data and information management. We've just published a brief note on Proofpoint along with an IV and updated InfoSec ecosystem.

The full note (pdf) is available on the website but here is the summary:

Proofpoint provides an information security suite centered around secure email with additional functions for email . . .

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