ForgeRock (NYSE:FORG) updated its FY 2021 earnings guidance on Wednesday. The company provided EPS guidance of $-0.960-$-0.940 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.090. The company issued revenue guidance of $175.50 million-$176.50 million, compared to the consensus revenue estimate of $167.13 million.ForgeRock also updated its Q4 2021 guidance to $-0.140-$-0.120 EPS.
FORG traded up $4.36 on Thursday, hitting $29.14. 975,288 shares of the company were exchanged, compared to its average volume of 670,802. The business has a fifty day moving average price of $31.60. ForgeRock has a fifty-two week low of $23.60 and a fifty-two week high of $48.88.
ForgeRock (NYSE:FORG) last issued its earnings results on Wednesday, November 10th. The company reported ($0.35) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.10. Sell-side analysts predict that ForgeRock will post -0.93 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Royal Bank of Canada purchased a new position in shares of ForgeRock in the 3rd quarter valued at $674,000. UBS Group AG purchased a new position in shares of ForgeRock in the 3rd quarter valued at $378,000. Cubist Systematic Strategies LLC purchased a new position in shares of ForgeRock in the 3rd quarter valued at $90,000. Finally, Morgan Stanley purchased a new position in shares of ForgeRock in the 3rd quarter valued at $34,000. 3.02% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Story: What is a Market Correction?
Receive News & Ratings for ForgeRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ForgeRock and related companies with MarketBeat.com's FREE daily email newsletter.