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Fly News Breaks for November 14, 2019
PING
Nov 14, 2019 | 09:14 EDT
RBC Capital analyst Matthew Hedberg raised his price target on Ping Identity to $23 and kept his Outperform rating after its Q3 earnings beat, saying the company delivered a "strong debut" reporting quarter amid broad-based strength and new product adoption. The analyst adds that he is encouraged by the company's ability to turn ARR and revenue upside into better profitability when looking at its long term model and intends to focus on its ARR growth and customer adds trends going forward.
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