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PING

Ping Identity

$16.50

-0.25 (-1.49%)

06:23
11/14/19
11/14
06:23
11/14/19
06:23

Ping Identity beat on most important metric, says Barclays

The most important metric in a term subscription model is annually recurring revenue and Ping beat this in its first quarter as a public company, Barclays analyst Saket Kalia tells investors in a post-earnings research note. Further, the company's annually recurring revenue guidance for Q4 is also ahead, says the analyst, who raised his estimates as a result. Kalia upped his price target for Ping Identity to $22 from $21 and keeps an Overweight rating on the shares.

  • 19

    Nov

PING Ping Identity
$16.50

-0.25 (-1.49%)

10/14/19
SBSH
10/14/19
INITIATION
SBSH
Citi expands Software coverage with two Buys and one Sell
Citi analyst Walter Pritchard expanded his Security coverage by initiating Okta (OKTA) and Ping Identity (PING) with Buy ratings, Zscaler (ZS) with a Neutral rating, and Crowdstrike (CRWD) with a Sell rating. While Crowdstrike's recent growth has generated a lot of excitement, its market opportunity is largely pegged to the end-point security market, where peak leadership share has been around 10%, Pritchard tells investors in a research note. He believes the company's expansion into adjacencies will be challenging "as they are crowded already." The analyst sees potential for Ping Identity's growth to accelerate and believes Okta's "aggressive" product roadmap should enable the company to capitalize on an underestimated total addressable market. On Zscaler, the analyst sees a "still lofty multiple" and balanced risk/reward profile.
10/14/19
10/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Ping Identity (PING) initiated with an Outperform at Wells Fargo, Raymond James, Oppenheimer, Raymond James, RBC Capital, and William Blair, an Overweight at Barclays, as well as a Buy at Mizuho, Citi, BofA/Merrill, Goldman Sachs, Stifel, and Deutsche Bank. 2. Envista (NVST) initiated with an Outperform at Evercore ISI, an Overweight at JPMorgan, a Buy at Jefferies, Goldman Sachs, and Stifel, an Equal Weight at Morgan Stanley, as well as a Neutral at Credit Suisse and BofA/Merrill. 3. Datadog (DDOG) initiated with an Outperform at William Blair, an Overweight at JPMorgan and Barclays, a Buy at Stifel and Needham, an Equal Weight at Morgan Stanley, a Sector Perform at RBC Capital, a Market Perform at Raymond James and JMP Securities, a Neutral at Goldman Sachs, and a Hold at Jefferies. 4. Beyond Meat (BYND) initiated with a Market Perform on valuation at Wells Fargo. 5. Bloom Energy (BE) assumed with an Overweight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/19
FBCO
11/06/19
INITIATION
Target $21
FBCO
Outperform
Ping Identity initiated with an Outperform at Credit Suisse
Credit Suisse initiated coverage of Ping Identity with an Outperform rating and $21 price target.
11/06/19
FBCO
11/06/19
INITIATION
Target $21
FBCO
Outperform
Ping Identity initiated with an Outperform at Credit Suisse
Credit Suisse analyst Brad Zelnick initiated coverage of Ping Identity with an Outperform rating and $21 price target. In a research note to investors, Zelnick says he "appreciates" Ping's leadership in Identity & Access Management and says the company is a "standout category leader" with "compelling" valuation.

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GOOG

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  • 09

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WEC

WEC Energy

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WEC

WEC Energy

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TECK

Teck Resources

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  • 21

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BIIB

Biogen

$298.44

9.09 (3.14%)

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  • 05

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AAPL

Apple

$264.33

2.55 (0.97%)

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13:25
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General news
Treasury Action: the markets have gone into a holding pattern »

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Conference/Events
BTIG healthcare/biotech analysts to hold an analyst/industry conference call »

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$NSD

NASDAQ Market Internals

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BA

Boeing

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$NYE

NYSE Market Internals

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SPY

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PRSC

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BIIB

Biogen

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  • 05

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SAGE

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Downgrade
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STZ

Constellation Brands

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Options
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  • 08

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