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Why ForgeRock Stock Plunged Today

·2 min read
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. 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.