Also Watching PING) Ping Identity Another beaten-down growth stock investors should consider gobbling up is cybersecurity stock Ping Identity(NYSEING). Although shares of Ping are actually up 19% this year, they're down 15% over the trailing-six-month period, and are well behind the veritable sea of triple-digit returns throughout the cybersecurity space. If you're wondering why Ping's stock has performed so poorly, look no further than its recent operating results. Whereas most cybersecurity solutions providers have seen revenue grow at a double-digit rate, Ping's third-quarter sales actually fell to $59.9 million from $61.8 million in the prior-year period. The COVID-19 pandemic has disrupted it more than just about any other security provider. Yet there's good news on multiple fronts. The emergency authorization use approval of two COVID-19 vaccines could help end the pandemic and resolve whatever concerns Ping's prospective customers have. Ping also benefits from the fact that cybersecurity has become a basic-need service. No matter how well or poorly the economy is performing, hackers and robots don't take a day off. With businesses shifting online and into the cloud due to the pandemic, demand for identity verification solutions is only going to increase. Lastly, take note that Ping's third-quarter operating results aren't as terrible as some folks would make them out to be. The company's dollar-based net retention rate was 110%, implying that existing clients are upping their spending by a double-digit percentage. What's more, annual recurring revenue jumped 17% from the prior-year period to $242.6 million. Ping Identity offers low double-digit sales growth potential for a fraction of the cost of other cybersecurity players. It's a bargain among high-growth tech stocks.
Whats up with the Virus. Well the virus has mutated you all know that. The way it apparently mutates is rather macabre. There was study early on from Europe or Australia and they found a women who had serious health issues and she carried the virus live for 27 days or more... It turns out that seriously compromised folks, with serious disease often in nursing homes they can incubate the virus much longer. And the longer the virus is inside you the more time it has to mutate. There is a connection here. How many variants are out there then? That's the problem. And will the Vax work on all of them? Speaking of vaccine, it's starting to be a real s*it show-- old people lining up and not getting the shot. I know of one person who has received it.
Comscore, others launch cookie-free audience targeting solution ยป This Comscore is everywhere suddenly.
Utz Brands to acquire Vitner's brand assets for $25M, sees accretion 08:16 UTZ Utz Brands announced that its subsidiary Utz Quality Foods has entered into a definitive agreement with Snak-King to acquire certain assets related to the Vitner's brand, a brand of snack foods in the Chicago metropolitan market, for a total purchase price of $25M, subject to customary purchase price adjustments. The acquired assets include the intellectual property, including the Vitner's trademark, and direct-store-delivery, or DSD, distribution assets related to Vitner's branded products. The transaction represents an acquisition multiple of approximately 5.9x last twelve months ended September 27, 2020 Vitner's Pro Forma adjusted EBITDA of $3.4M assuming approximately $5 million in net present value from expected tax assets resulting from the transaction. Utz expects the transaction to be accretive to earnings in 2021 and beyond.
1000 red stocks and PLTR is green Stoney. Up 2.5% And lock-up just expired the other day. CEO dumped a few million shares.
Oops, I keep posting on the wrong thread Stoney. My bad. Hey... this: That's like asking if Nasstassia likes diet Pepsi for her figure.