Ping Identity Can Finally Compete With Okta

Following its disappointing fourth-quarter report back in February, shareholders of Ping Identity Holding (NYSE: PING) were wondering if the identity security specialist would be able to improve upon the disappointing revenue results from the last quarter of 2020 and the soft guidance for 2021. Based on last week's first-quarter earnings report, Ping Identity may be taking a turn in the right direction.

The company posted encouraging first-quarter results, and more importantly, management announced an important milestone that should boost the company's competitiveness going forward.

Founded in 2001, Ping Identity provides identity security solutions for enterprises to control access to applications and data for their employees and customers. And with the shift to cloud computing over the last several years, the tech company updated its portfolio to offer such services in any combination of cloud and on-premises environments.

Source Fool.com