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Proofpoint Inc is Among the Companies in the Systems Software Industry With the Highest Forward P/E Ratio (PFPT, NOW, RHT, QLYS, CVLT)

By Nick Russo

Below are the three companies in the Systems Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Proofpoint Inc ranks highest with a a forward P/E ratio of 79.48. Following is Servicenow Inc with a a forward P/E ratio of 56.56. Red Hat Inc ranks third highest with a a forward P/E ratio of 47.25.

Qualys Inc follows with a a forward P/E ratio of 45.53, and Commvault System rounds out the top five with a a forward P/E ratio of 44.08.

SmarTrend recommended that subscribers consider buying shares of Commvault System on March 9th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $54.38. Since that recommendation, shares of Commvault System have risen 26.1%. We continue to monitor Commvault System for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio proofpoint inc servicenow inc red hat inc qualys inc commvault system

Ticker(s): PFPT NOW RHT QLYS CVLT