SailPoint Announces Second Quarter 2018 Financial Results

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SailPoint Technologies Holdings (SAIL) PT Raised to $35 at Oppenheimer

August 9, 2018 7:21 AM EDT

Oppenheimer raised its price target on SailPoint Technologies Holdings (NYSE: SAIL) to $35.00 (from $28.00) while maintaining an Outperform rating following strong results.

Analyst Shaul Eyal said strong results were driven by a healthy mix of International growth, upsell momentum, and strong execution across both... More

SailPoint Technologies Holdings (SAIL) PT Raised to $30 at Needham & Company

August 9, 2018 6:55 AM EDT

Needham & Company raised its price target on SailPoint Technologies Holdings (NYSE: SAIL) to $30.00 (from $29.00) while maintaining a Buy rating.

Analsyt Alex Henderson noted a strong Q2 with a "smart" guide. Profitability improved ahead of schedule, in addition to key metrics on customer count,... More

SailPoint Technologies Holdings, Inc. (SAIL) Tops Q2 EPS by 5c, Revenues Beat; Offers FY18 EPS/Revenue Outlook Above Consensus

August 8, 2018 4:31 PM EDT

SailPoint Technologies Holdings, Inc. (NYSE: SAIL) reported Q2 EPS of $0.03, $0.05 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $54.6 million versus the consensus estimate of $49.98 million.

We are pleased to announce our financial results for Q2 2018, which showed strong momentum across the business with revenue increasing 39% year-over-year and profitability on a non-GAAP basis, said Mark McClain, SailPoints CEO and Co-founder. At 1,031 customers, we are excited to have crossed the 1,000 customer milestone. Our customers represent everything from the worlds largest companies to cloud-first mid-market enterprises.

Organizations are struggling to keep... More