SAIL - Email Alert - 11/19/20 - 8:20 AM EST
We are placing an alert on SailPoint Technologies Holdings, Inc. (NYSE: SAIL). The stock closed yesterday at $42.94 a share. SailPoint is considered the leader in identity security. Similar to our recent alert on Zscaler that is a leader in Cloud security, Sailpoint helps to deliver an innovative approach to securing access across the enterprise with the SailPoint Predictive Identity™ platform. With SailPoint, enterprises can ensure that everyone and everything has the exact access they need, exactly when they need it, intuitively and automatically. Powered by patented Artificial Intelligence (AI) and Machine Learning (ML) technologies, the SailPoint Predictive Identity™ platform is designed to securely accelerate the business while delivering adaptive security, continuous compliance and improved business efficiency. This is important for work from home environments. Recently SailPoint released an international study revealing security pitfalls that stem from remote work.
The Company beat on the top and bottom lines on its 3rd Quarter Report with a profit of 2 Cents a share compared to a loss of 9 Cents a share. Revenue growth was 23.9% year/year/. We look for this stock to continue higher over the coming quarters.
SHORT-TERM PRICE TARGET
Work from home Identity security needs and growth, leader in field,
OUR SHORT-TERM TARGET PROBABILITY RATING 1-10
11/05/20 - Sailpoint Technologies Holdings (SAIL) reported 3rd Quarter September 2020 earnings of $0.02 per share on revenue of $94.0 million. The consensus estimate was a loss of $0.09 per share on revenue of $83.6 million. Revenue grew 23.9% on a year-over-year basis.
The company said it expects a fourth quarter non-GAAP loss of $0.02 to $0.01 per share on revenue of $93.0 million to $95.0 million. The current consensus estimate is a loss of $0.04 per share on revenue of $92.83 million for the quarter ending December 31, 2020.
The stock has a 52 week high of $49.84 and a low of $11.61. Support is around $37 a share and should be a good location for a protective sell stop order or self-imposed sell alert.
SailPoint Technologies Holdings, Inc. 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. SailPoint Technologies Holdings, Inc. was founded in 2004 and is headquartered in Austin, Texas.