MUDDY WATERS v WELLS FARGO: FIGHT

The twittersphere has been disrupted this afternoon, after Muddy Waters unleashed this salvo onto the markets.

Whoa! Holy shit is right. Immediately, shares of PFPT dynamite’d lower, sending the silicon valley company into crisis mode.

After the stock dropped about 8, I am sure the C-level execs at PFPT got on the horn and called Wells Fargo to say “hey fucked faces. Help us out here. If you ever want to be a part of our money raising schemes again, you’ll rebuke this Muddy Waters shit.”

So then this came out.

MuddyWaters’ Proofpoint report more noise than substance, says Wells Fargo
Wells Fargo said the MuddyWaters Proofpoint short report was weak and said there was a lot more noise than substance in the thesis. The firm’s analyst would note that Proofpoint has one of the most respected management teams in the security sector and has been executing at a very high level this year. Wells Fargo views the weakness as a buying opportunity and reiterates its Overweight rating.

And just like that, the stock ran 5 and all of the C-level execs at PFPT were happy again.

The end?