SailPoint Technologies Holdings, Inc. (NYSE:SAIL) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SAIL to report 3Q20 loss of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 344.52 million, while looking forward to income of $ 0.11 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.06 ~ $ -0.05 per share, while revenues are expected in a range of $ 82.00 million ~ $ 84.00 million
Full Year 2020 topline are forecasted in a range of$ 341.00 million ~ $ 345.00 million, where as bottomline are predicted in a range of $ 0.08 ~ $ 0.11 per share
Click Here For More Historical Outlooks Of SailPoint Technologies Holdings, Inc.
Previous Quarter Performance
SailPoint Technologies Holdings, Inc. posted income for the second quarter of $ 0.15 per share, from the revenue of $ 92.46 million. Street analysts expected SailPoint Technologies Holdings, Inc. to report loss of $ 0.04 per share on revenue of $ 69.02 million for the second quarter. The bottom line results beat street analysts by $ 0.19 or 475.00 percent, at the same time, top line results outshined analysts by $ 23.44 million or 33.96 percent.
Stock Performance
Shares of SailPoint Technologies Holdings, Inc. traded up $ 3.23 or 7.55 percent on Wednesday, reaching $ 46.01 with volume of 1.18 million shares. SailPoint Technologies Holdings, Inc. has traded high as $ 46.51 and has cracked $ 43.76 on the downward trend
The closing price of $ 46.01, representing a 268.48 % increase from the 52 week low of $ 11.61 and a 11.12 % decrease over the 52 week high of $ 48.13.
The company has a market capital of $ 4.17 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
- On 9th September 2020, initiated by Loop Capital at Hold rating, with $ 40.00 target price.
Conference Call
SailPoint Technologies Holdings, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sailpoint.com
SailPoint Technologies Holdings, Inc. designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments.
