Welcome to our dedicated page for Ping Identity Holding news (Ticker: PING), a resource for investors and traders seeking the latest updates and insights on Ping Identity Holding stock.
Ping Identity is a leading provider of Intelligent Identity solutions for enterprises, enabling organizations to adopt a Zero Trust approach to security. The company's Ping Intelligent Identity™ platform offers comprehensive access management and multi-factor authentication, catering to customers, workforce, and partners across cloud, mobile, SaaS, and on-premises applications. Trusted by over half of the Fortune 100, Ping Identity’s solutions enhance digital business initiatives, improve customer experiences, and safeguard organizational assets.
Recent advancements include a collaboration with Authomize to integrate PingOne DaVinci™, a no-code identity orchestration service. This partnership allows customers to utilize Authomize's Identity Threat Detection and Response (ITDR) capabilities, providing enhanced security through automated remediation workflows. Such integrations streamline user experiences and fortify identity and access management (IAM) across diverse technological ecosystems.
Ping Identity’s flexible solutions facilitate seamless digital interactions, removing the need for passwords and preventing fraud. Their commitment to open standards and partnerships with industry giants like Microsoft and Amazon further solidifies their role in the cybersecurity landscape.
Currently, Ping Identity is focused on expanding its technology partner ecosystem, ensuring efficient and frictionless customer experiences through robust orchestration capabilities. This strategic vision underscores their dedication to delivering secure, intelligent, and user-friendly identity solutions.
Ping Identity has acquired Singular Key, enhancing its identity orchestration capabilities. This acquisition enables enterprises to utilize a no-code platform to integrate various identity services, improving user journey management and reducing complexity. Singular Key offers over 100 out-of-the-box integrations, facilitating faster deployment and cloud migration. The acquisition aligns with Ping Identity's aim to streamline identity workflows and enhance customer experiences. This strategic move positions Ping Identity to better serve its global enterprise clients.
Ping Identity (NYSE: PING) has appointed Jason Kees as its new Chief Information Security Officer (CISO) to enhance its cybersecurity strategies. Kees, a highly experienced leader, previously served as VP of Information Security at Groupon, overseeing its IT and engineering teams. His role will involve managing Ping Identity’s security operations and ensuring the reliability of its IT infrastructure amid a rapidly changing security landscape. CEO Andre Durand highlights Kees's expertise as vital for transitioning to identity-centric security strategies.
Ping Identity Holding Corp. (NYSE: PING) announced its participation in upcoming technology conferences, including the Deutsche Bank Technology Conference, Colliers 2021 Institutional Investor Conference, and Piper Sandler Global Technology Conference. Presentations will occur on September 9 and September 14, 2021, with webcasts available on Ping Identity’s investor relations website. The company specializes in intelligent identity solutions, empowering enterprises with Zero Trust security and enhancing user experiences. Over 60% of Fortune 100 companies utilize Ping Identity's expertise.
Ping Identity Holding Corp. (NYSE: PING) announced the pricing of a public follow-on offering of 6,000,000 shares of its common stock at $23.85 each. The underwriters, led by Morgan Stanley, have a 30-day option to purchase an additional 900,000 shares. Notably, this offering will not dilute existing shareholders as Ping Identity will not issue any new shares or receive proceeds from the sale. The offering is anticipated to close on August 18, 2021, pending customary conditions. A registration statement was declared effective by the SEC on June 14, 2021.
Ping Identity announces a public offering of 6 million shares by Vista Equity Partners-affiliated funds. Underwriters may purchase an additional 900,000 shares. The company will not receive proceeds from this offering but will bear associated costs, excluding underwriting fees. Morgan Stanley is the sole underwriter. The offering is subject to market conditions. A registration statement is effective with the SEC, and details are accessible via their website.
Ping Identity Holding Corp. (NYSE: PING) announced its participation in key technology conferences in August 2021. Highlights include:
- Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, presenting at 10:45 a.m.
- KeyBanc Technology Leadership Forum from August 10-11, 2021, with a presentation scheduled for 4:00 p.m. on August 11.
Both events will be streamed live on Ping Identity’s investor relations website.
Ping Identity Holding Corp. (NYSE: PING) reported strong financial results for Q2 2021, achieving an ARR of $279.6 million, up 19% year-over-year. Total revenue reached $78.9 million, with subscription revenue comprising 93%. SaaS revenue surged by 51% to $13.4 million. The company acquired SecuredTouch and launched PingOne for Individuals and PingAuthorize. Cash flow improved significantly, with net cash from operations at $44.0 million. Guidance for Q3 2021 predicts total ARR of $286.0 to $288.0 million and total revenue between $65.0 million and $70.0 million.
Ping Identity (NYSE: PING) announced that two of its Identity and Access Management (IAM) solutions have been added to the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Approved Products List (APL). This inclusion facilitates secure access to federal resources through its solutions, PingFederate and PingAccess, which support Zero Trust architecture. The integration with existing technology and compliance with CDM requirements enhances agencies' security postures.
Ping Identity Holding Corp. (NYSE: PING) announced it will release its second quarter fiscal 2021 financial results after U.S. market close on August 4, 2021. Management will host a conference call at 5:00 p.m. Eastern time to discuss the outcomes. The call will provide insights into the company's performance, enabling investors to gauge its financial health and future prospects. A replay will be available until August 11, 2021.
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