Inactive Instrument

Ping Identity Holding Corp.

PING

US72341T1034

Ping Identity: Q2 Earnings Snapshot

August 04, 2021 at 05:53 pm EDT

DENVER (AP) _ Ping Identity Holding Corp. (PING) on Wednesday reported a loss of $11 million in its second quarter.

On a per-share basis, the Denver-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, came to 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The software company posted revenue of $78.9 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $66.2 million.

For the current quarter ending in October, Ping Identity said it expects revenue in the range of $65 million to $70 million.

The company expects full-year revenue in the range of $278 million to $285 million.

Ping Identity shares have fallen 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.40, a fall of 38% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PING at https://www.zacks.com/ap/PING

Latest news about Ping Identity Holding Corp.

Bio-Key International, Inc. Partners with Ping Identity to Bring Its Cutting-Edge Biometric Authentication to Ping Customers	Dec. 11	CI
IProov Integrates with Ping Identity's PingOne DaVinci to Enable Identity Verification for IAM/CIAM Using Proven Science-Based Facial Biometrics	23-09-20	CI
Keyless Technologies Announces A New Partnership with Ping Identity	23-09-05	CI
Axiad Partners with Ping Identity to Enhance Cybersecurity Posture with Certificate-Based Authentication	23-05-16	CI
Verosint and Ping Identity Partner to Fight Online Account Fraud	23-03-21	CI
Ping Identity Launches New Decentralized Identity Management Solution	23-03-20	CI
SentinelOne Integrates with Ping Identity for Autonomous Response to Security Threats	22-11-15	CI
Ping Identity Holding Corp.(NYSE:PING) dropped from S&P Software & Services Select Industry Index	22-10-19	CI
Ping Identity Holding Corp.(NYSE:PING) dropped from S&P Global BMI Index	22-10-19	CI
Ping Identity Holding Corp.(NYSE:PING) dropped from S&P TMI Index	22-10-19	CI
Ping Identity Holding Corp. Announces Board Changes	22-10-18	CI
Ping Identity Shareholders Approve Pending Thoma Bravo Merger	22-10-18	MT
Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. completed the acquisition of Ping Identity Holding Corp. from Vepf VI FAF, L.P., Vista Equity Partners Fund VI-A, L.P. and Vista Equity Partners Fund VI, L.P. managed by Vista Equity Partners Management, LLC, Senvest Management, LLC and others.	22-10-17	CI
Thoma Bravo Fund XV, L.P. managed by Thoma Bravo, L.P. completed the acquisition of Ping Identity Holding Corp. from Vepf VI FAF, L.P., Vista Equity Partners Fund VI-A, L.P. and Vista Equity Partners Fund VI, L.P. managed by Vista Equity Partners Management, LLC, Senvest Management, LLC and others.	22-10-17	CI
Thoma Bravo to take software firm ForgeRock private in $2.3 billion deal	22-10-11	RE
ForgeRock Agrees to Go Private in $2.3 Billion Acquisition by Thoma Bravo	22-10-11	MT
Ping Identity Enters Into Partnership With Keyri for Unique Password-Less Authentication User Experience	22-09-29	MT
Keyri Now Integrates with Ping Identity’s Davinci to Deliver Unique Passwordless Customer Authentication Experience	22-09-29	CI
Workiva gets takeover interest from Thoma Bravo, TPG - Bloomberg News	22-09-28	RE
Workiva gets takeover interest from Thoma Bravo, TPG - Bloomberg News	22-09-28	RE
Acuant Announces New Integration with Ping Identity	22-08-16	CI
Avalara to go private in $8.4 bln deal with Vista with direct lenders' help	22-08-08	RE
Insider Sell: Ping Identity Holding	22-08-05	MT
Mizuho Securities Raises Ping Identity's Price Target to $28.50 From $25, Maintains Neutral Rating	22-08-04	MT
William Blair Downgrades Ping Identity to Market Perform From Outperform	22-08-04	MT

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Ping Identity Holding Corp. is engaged in providing intelligent identity solutions for the enterprise, leveraging artificial intelligence (AI) and machine learning (ML) to provide real-time authentication. The Ping Intelligent Identity platform provides customers, workforce, and partners with access to cloud, mobile, software-as-a-service (SaaS), and on-premises applications across the hybrid enterprise. It provides solution packages, such as single sign-on (SSO), multi-factor authentication, access security, directory, dynamic authorization, identity verification, application programming interface (API) intelligence, and fraud detection. Its SSO solution allows users to sign on using one set of secure credentials, giving them one-click access to their applications and resources regardless of location. It offers PingOne MFA, which provides authentication of consumer identities, as a SaaS solution. Its directory solution stores and manages sensitive identity and device data at scale.

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