Why Ping Stock Got Demolished Today

Why Ping Stock Got Demolished Today

Shares of Ping Identity (NYSE: PING) have gotten demolished today, down by 23% as of 11:05 a.m. EST, after the company reported fourth-quarter earnings. The results missed expectations, and Ping's guidance was also lacking. Revenue in the fourth quarter came in at $63.3 million, below the consensus estimate of $68.9 million in sales.