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Ping Identity Holding Corp. (PING) 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.
The company's platform includes six solutions, which comprise secure single sign-on, adaptive multi-factor authentication, security control for applications and APIs, personalized and unified profile directories, data governance to control access to identity data, and artificial intelligence and machine learning powered API security.
It also provides professional and customer support services. The company sells its solutions via a subscription model through a direct sales force.
Its customers include the companies in Fortune 100, principal banks in the United States, bio-pharmaceutical companies, healthcare plans, and retailers.
On November 13th, Ping reported 3rd Quarter September 2019 earnings of $0.11 per share on revenue of $61.8 million. The consensus estimate was a loss of $0.01 per share.
The company said it expects fourth quarter revenue of $64.7 million to $66.7 million. The current consensus revenue estimate is $63.4 million for the quarter ending December 31, 2019. Since the report, shares of this recent IPO, have formed a bullish cup and handle. Higher share prices are expected for this stock.
Entry Point: $24.75
Stop Loss: $23.45
Trading Range: $15.22 to $25.45
Target Price: $27.25
PING closed at $27.35
