Ping Identity is a cybersecurity company that makes identity protection products for both consumers and companies. Some of their products include multifactor authentication and cloud security products. The company has a significant market share in the security industry. They have several large enterprise clients, and they create custom identity security systems to meet their needs.
Wall Street expects a year-over-year decline in earnings on higher revenues when Ping Identity (PING) reports results for the quarter ended March 2021. While this widely-known consensus outlook is important in gauging its earnings picture, an influential factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on May 5, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
Ping Identity is an established blend of value and growth. Double-digit sustainable development is possible, yet investors only have to pay a multiple of seven times sales for an industry that’s regularly valued at a multiple of 20 or more times current-year projected revenue.
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In 2017, he recommended Plug Power. It gained 1142% in 3.5 years.
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