SailPoint slips after soft Q3 profit forecast
09/09/2026 14:36
BUZZ-SailPoint slips after soft Q3 profit forecast ** Shares of cybersecurity firm SailPoint SAIL.O fall 17.1% to $3.7, its biggest single-day drop in over a month
** Co sees Q3 adj. EPS between 7 cents and 8 cents, the midpoint of which is below analysts' estimates of 8 cents - data compiled by LSEG
** Q2 revenue of $309 mln comes slightly below estimates of $310.2 mln
** A shift towards Software as a Service (SaaS) creating "noise" on co's income statement, delayed revenue recognition, creating headwinds for revenue - brokerage BTIG
** 19 of 25 brokerages rate the stock "buy" or higher, five "hold" and one "sell"; median PT is $19.5
** Including session's move, stock down 15.2% YTD
(Reporting by Anand Gopal in Bengaluru)