Welcome to our dedicated page for Forgerock news (Ticker: FORG), a resource for investors and traders seeking the latest updates and insights on Forgerock stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Forgerock's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Forgerock's position in the market.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
ForgeRock (NYSE: FORG) announced the launch of Enterprise Connect Passwordless, expanding its passwordless authentication capabilities for workforce and consumer applications. This solution eliminates password usage in large organizations, reducing risks associated with unauthorized access and enhancing employee experiences.
Developed in partnership with Secret Double Octopus, the new tool integrates with the ForgeRock Identity Platform, aimed at improving security and reducing IT workload. Available in Q2, it builds on over a decade of ForgeRock's efforts to advance passwordless technology.
ForgeRock, Inc. (NYSE: FORG) reported strong financial results for Q4 and fiscal year 2022, highlighting a 25% increase in Annualized Recurring Revenue (ARR) to $229.6 million and a 23% rise in total revenue to $217.5 million year-over-year. Q4 revenue surged by 33% to $63.5 million. Subscription SaaS revenue grew by 39% to $119.0 million, representing 55% of total revenue. Despite a GAAP net loss of $66.3 million for the year, non-GAAP metrics showed improvement, with a reduced operating loss of $27.6 million. Additionally, a proposed acquisition by Thoma Bravo is pending regulatory review, with no guidance provided due to the transaction.
CrowdStrike (Nasdaq: CRWD), a leader in cloud-delivered cybersecurity, has appointed Johanna Flower to its board of directors. Flower brings extensive expertise in cybersecurity and governance, having previously served as CrowdStrike's first chief marketing officer and played a crucial role in its 2019 IPO. Her experience on other boards, including Freshworks (Nasdaq: FRSH) and ForgeRock (NYSE: FORG), is expected to benefit CrowdStrike's continuous growth as a market leader. CEO George Kurtz highlighted her deep understanding of the company and its evolving needs.
ForgeRock (NYSE: FORG) has launched a new cloud-native Identity Governance solution, aimed at helping large enterprises enhance security and compliance. This platform, built on Google Cloud, integrates governance, identity, and access management with advanced AI capabilities. The offering promises cost savings, improved security, and greater operational efficiency by automating identity management processes. ForgeRock aims to address the growing need for robust identity governance in the face of a hybrid workforce and increasing reliance on cloud applications.
ForgeRock, a global leader in digital identity solutions, has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Access Management and ranked highest in two out of three Use Cases in the 2022 Gartner Critical Capabilities Report. Specifically, it excelled in External Access Management and Application Development. This is the third consecutive year ForgeRock has received this honor. Major brands such as Pearson and Toyota depend on ForgeRock for secure digital identity management, showcasing its market influence and technology reliability.