10. Proofpoint Is World’s Sixth-Largest Cybersecurity Vendor

Proofpoint is one of the just six publicly traded cybersecurity companies to have revenues of more than $1 billion last year, with sales surging by 18 percent in 2020 to $1.05 billion. That makes Proofpoint larger than every cybersecurity-focused vendor outside of Palo Alto Networks, McAfee, Fortinet, Check Point and Trend Micro.

This year is shaping up to be even bigger for Proofpoint, with the company projecting a sales bump of roughly 14 percent in 2021 to between $1.19 billion and $1.2 billion. Proofpoint’s revenue in the quarter ended March 31 increased 15 percent to $287.8 million, beating analyst projections of $281.7 million, according to Seeking Alpha.

Profitability, however, remains elusive for Proofpoint, with the company recording a net loss of $163.8 million in 2020 and projecting a net loss of between $143.4 million and $154.4 million in 2021. The company’s net loss for the quarter ended March 31 improved by 32 percent to $45.3 million, or 79 cents per share. That, however, fell short of analyst expectations of 61 cents per share, Seeking Alpha said.