Why ForgeRock Stock Plunged Today
Shares of ForgeRock (NYSE: FORG), an identity and access management company, were plummeting today after the company released its second-quarter financial results. While ForgeRock beat Wall Street's consensus estimates for the quarter, investors focused their attention on the company's disappointing guidance.
As a result, the tech stock was down by 15.6% as of 1:19 p.m. ET.
ForgeRock reported a non-GAAP loss per share of $0.17 in the quarter, an improvement from a loss of $0.33 in the year-ago quarter that was better than analysts' consensus estimate of a loss of $0.21.
Source Fool.com
