Equities research analysts forecast that Ping Identity Holding Corp (NYSE:PING) will post $65.76 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ping Identity’s earnings, with estimates ranging from $65.60 million to $65.89 million. The business is scheduled to issue its next earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Ping Identity will report full year sales of $240.43 million for the current year, with estimates ranging from $240.30 million to $240.56 million. For the next year, analysts forecast that the company will post sales of $266.00 million, with estimates ranging from $258.11 million to $269.19 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Ping Identity.
PING has been the topic of several research reports. William Blair initiated coverage on shares of Ping Identity in a report on Monday, October 14th. They set an “outperform” rating and a $21.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Ping Identity in a research note on Monday, October 14th. They issued a “buy” rating and a $24.00 target price for the company. Deutsche Bank initiated coverage on Ping Identity in a research report on Monday, October 14th. They set a “buy” rating and a $21.00 target price on the stock. Royal Bank of Canada boosted their price target on Ping Identity to $23.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Co assumed coverage on Ping Identity in a report on Monday, October 14th. They issued an “outperform” rating for the company. Thirteen research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $21.92.
Shares of Ping Identity stock opened at $22.19 on Wednesday. Ping Identity has a fifty-two week low of $15.22 and a fifty-two week high of $22.82. The firm has a fifty day moving average of $18.15.
About Ping Identity
Ping Identity Holding Corp., doing business as Ping Identity Corporation, provides intelligent identity solutions in the United States and internationally. It operates an Intelligent Identity platform, which offers secure access to any service, application, or application programming interface (API) to customers, employees, partners, and the Internet of Things.
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