ForgeRock (NYSE:FORG) issued an update on its fourth quarter 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.140-$-0.120 for the period, compared to the Thomson Reuters consensus estimate of $-0.170. The company issued revenue guidance of $46.50 million-$47.50 million, compared to the consensus revenue estimate of $43.97 million.ForgeRock also updated its FY 2021 guidance to $-0.960-$-0.940 EPS.
Shares of NYSE FORG traded up $4.36 during mid-day trading on Thursday, hitting $29.14. The stock had a trading volume of 975,288 shares, compared to its average volume of 670,802. The stock’s 50 day moving average price is $31.60. ForgeRock has a twelve month low of $23.60 and a twelve month high of $48.88.
ForgeRock (NYSE:FORG) last posted its earnings results on Wednesday, November 10th. The company reported ($0.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.10. As a group, sell-side analysts predict that ForgeRock will post -0.93 earnings per share for the current year.
Several large investors have recently bought and sold shares of the business. Morgan Stanley purchased a new stake in ForgeRock in the third quarter valued at $34,000. Cubist Systematic Strategies LLC purchased a new stake in ForgeRock in the third quarter valued at $90,000. UBS Group AG purchased a new stake in ForgeRock in the third quarter valued at $378,000. Finally, Royal Bank of Canada purchased a new stake in ForgeRock in the third quarter valued at $674,000. Institutional investors and hedge funds own 3.02% of the company’s stock.
ForgeRock Company Profile
ForgeRock Inc provides digital identity, delivers modern identity and access management solutions for consumers, employees and things to simply and safely access the connected world. ForgeRock Inc is based in SAN FRANCISCO.
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