 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
SailPoint Technologies Holdings, Inc. (SAIL) designs, develops, and markets identity governance software solutions in the United States, Europe, the Middle East, Africa, and internationally.
The company offers software and software as a service solutions, which help organizations to govern the digital identities of employees, contractors, business partners, software bots, and other human and non-human users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments, spanning on-premises, cloud and mobile applications, and file storage platforms.
Its solutions include IdentityIQ, an on-premises identity governance solution; IdentityNow, a cloud-based multi-tenant governance platform; and IdentityAI, a multi-tenant AI and ML SaaS subscription offering that helps organizations detect potential threats before they turn into security breaches.
The company sells its products and solutions to commercial enterprises, financial institutions, and governments directly, as well as through system integrators, technology partners, and value-added resellers.
This stock has outpaced the business sector loss by 8.46% and the S&P 500's gain by 7.63% in the past month and this momentum should continue to reflect in higher share prices in the coming weeks.
Please note this stock reports earnings on Thursday, November 5th.
Sailpoint Technologies Holdings reported 2nd Quarter June 2020 earnings of $0.09 per share on revenue of $92.5 million. The consensus estimate was a loss of $0.08 per share on revenue of $68.3 million. Revenue grew 46.6% on a year-over-year basis.
The company said it expects a third quarter non-GAAP loss of $0.06 to $0.05 per share on revenue of $82.0 million to $84.0 million and 2020 earnings of $0.08 to $0.11 per share on revenue of $341.0 million to $345.0 million. The current consensus estimate is for breakeven results on revenue of $80.2 million for the quarter ending September 30, 2020 and earnings of $0.05 per share on revenue of $316.4 million for the year ending December 31, 2020.
Entry Point: $44.00
Trading Range: $11.61 to $48.13
Stop Loss: $41.80
Target Price: $48.40
SAIL closed at $49.50
