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.
This investing legend is letting you in on his next top pick
Paul Mampilly is a Wall Street legend.
(Barron’s crowned his hedge fund as the “world’s best” and Kiplinger ranked it in the top 1%.)
But a few years ago, he left Wall Street.
“I just grew tired of helping the rich get richer,” Paul explains. “So I started sharing my No. 1 investment picks with Main Street Americans.”
And his No. 1 stock picks across his various research services have been phenomenal.
In 2017, he recommended Plug Power. It gained 1142% in 3.5 years.
In June 2018, he recommended Tandem Diabetes. It’s currently up 520% and still climbing.
In December 2019, he recommended Enphase Energy. It gained 638% in 1 year.
And in March of last year, he recommended Carvana. It’s currently up 877%and still climbing.
But Paul believes his No. 1 stock pick for 2021 could go even higher.
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