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home / news releases / OKTA - Ping Identity: Upgrade To Neutral From Bearish With Better Performance Metrics

OKTA - Ping Identity: Upgrade To Neutral From Bearish With Better Performance Metrics

Okta Inc.
  • Ping Identity reported Q1 FY12/2021 results with better key performance indicators and raised its FY sales outlook.
  • FY12/2021 sales growth guidance of 10% YoY is not that inspiring, but results in a reasonable Price to Sales multiple of 7.4x.
  • We see no major hurry in investing today, but on valuation grounds, raise our rating to neutral from bearish.

For further details see:

Ping Identity: Upgrade To Neutral From Bearish With Better Performance Metrics
Stock Information
Company Name: Okta Inc.
Stock Symbol: OKTA
Market: NASDAQ
Website: okta.com
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