Ping Identity (PING) Tops Q4 EPS by 4c, Revenues Beat; Q1 Revenue Guidance Above Consensus, FY20 Revenue Mid-Point View Above Consensus

Ping Identity (NYSE: PING) reported Q4 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $68.24 million versus the consensus estimate of $65.74 million.

“We are pleased with our fourth quarter results, and continued momentum with large enterprise customers deepening their adoption of Ping Identity’s Intelligent Identity Platform. Our unmatched deployment flexibility and experience partnering with customers to solve mission critical challenges remains a key differentiator in why enterprises choose to partner with us,” said Andre Durand, Ping Identity’s founder and Chief Executive Officer.

“Since our Initial Public Offering in September, Ping Identity has successfully deployed solution enhancements across our portfolio, landed additional Fortune 1000 customers, bolstered our leadership teams in sales and marketing, and benefited from the additional public markets exposure to further the reach of our brand. We are excited to continue to partner with enterprises as they undergo their modernization, cloud transformation, and identity security initiatives,” Durand concluded.

GUIDANCE:

Ping Identity sees Q1 2020 revenue of $60.5-62.5 million, versus the consensus of $53.22 million.

Ping Identity sees FY2020 revenue of $263-273 million, versus the consensus of $265.74 million.

Ping Identity provides the following expected financial guidance for the quarter ending March 31, 2020 and the fiscal year ending December 31, 2020:

Quarter Ending March 31, 2020:

• Total ARR of $228.5 million to $230.5 million
• Total Revenue of $60.5 million to $62.5 million
• Unlevered Free Cash Flow of $6.0 million to $8.0 million

Year Ending December 31, 2020:

• Total ARR of $263.5 million to $267.5 million
• Total Revenue of $263.0 million to $273.0 million
• Unlevered Free Cash Flow of $5.0 million to $9.0 million

For earnings history and earnings-related data on Ping Identity (PING) click here.

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