Sailpoint Technologies (SAIL) Issues FY18 Earnings Guidance
Sailpoint Technologies (NYSE:SAIL) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.12-0.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of $233-236 million, compared to the consensus revenue estimate of $227.50 million.Sailpoint Technologies also updated its Q3 guidance to ($0.02-0.01) EPS.
Shares of Sailpoint Technologies opened at $29.20 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $2.27 billion and a PE ratio of 730.00. Sailpoint Technologies has a twelve month low of $12.82 and a twelve month high of $30.39.
Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $54.60 million for the quarter, compared to analyst estimates of $50.02 million. Sailpoint Technologies’s revenue for the quarter was up 38.9% on a year-over-year basis. analysts forecast that Sailpoint Technologies will post -0.15 earnings per share for the current year.
In other Sailpoint Technologies news, CAO Thomas Arthur Beck sold 45,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $30.01, for a total value of $1,350,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Cameron Mcmartin sold 14,000 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $28.54, for a total transaction of $399,560.00. The disclosure for this sale can be found here. Insiders sold 20,969,816 shares of company stock worth $456,423,773 in the last ninety days.
About Sailpoint Technologies
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.
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