Thoma Bravo To Close $2.3B Forgerock Deal As DOJ Passes On Suit
$FORG
Computer Software: Prepackaged Software
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2022 | $20.00 | Buy | Canaccord Genuity |
| 4/5/2022 | Sector Weight | KeyBanc Capital Markets | |
| 3/2/2022 | $41.00 → $36.00 | Overweight | JP Morgan |
| 3/2/2022 | $27.00 → $22.00 | Equal-Weight | Morgan Stanley |
| 3/2/2022 | $14.00 → $16.00 | Hold | Deutsche Bank |
| 2/28/2022 | $31.00 → $14.00 | Hold | Deutsche Bank |
| 1/18/2022 | $35.00 → $27.00 | Equal-Weight | Morgan Stanley |
| 10/11/2021 | $41.00 | Overweight | JP Morgan |
Company Appoints Chris Westfall as Vice President of Global Partner Strategy, Programs, and Operations to Lead New Partner Program ForgeRock® (NYSE:FORG), a global digital identity leader, today announced the launch of a new partner program that now provides a comprehensive set of benefits that will drive growth and help ForgeRock partners deliver remarkable customer experiences. To lead the new program, ForgeRock has hired Chris Westfall as Vice President of Global Partner Strategy, Programs and Operations, who brings expertise from over 20 years of partner ecosystem leadership across the software industry. The Identity and Access Management (IAM) market continues to experience signifi
CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced the appointment of Johanna Flower to the company's board of directors. A renowned cybersecurity, go-to-market and modern governance expert, Ms. Flower currently sits on the boards of cloud leaders like Freshworks (NASDAQ:FRSH) and ForgeRock (NYSE:FORG), as well as several high-growth private SaaS companies. She also has direct experience working closely with CrowdStrike's leadership team and board, having served as the company's first chief marketing officer and having played a key role in taking the company public in 2019. "Johanna's reputatio
ARR was $251.3 million for Q2 2023, with growth accelerating to 25% year-over-year Total revenue was $58.3 million for Q2 2023, growing 22% year-over-year Subscription SaaS, support & maintenance revenue was $38.1 million for Q2 2023, growing 29% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its second quarter ended June 30, 2023. "Q2 was a very strong quarter and our ARR growth accelerated sequentially to 25% year-over-year, ending at $251 million," said Fran Rosch, CEO of ForgeRock. "Our net new ARR growth of $14 million in the quarter was 63% higher than the same period last year and our growth year to d
ARR was $238 million for Q1 2023, growing 23% year-over-year Total revenue was $63.1 million in Q1 2023, growing 31% year-over-year Subscription SaaS, support & maintenance revenue was $34.1 million Q1 2023, growing 30% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its first quarter ended March 31, 2023. "We ended Q1 with $238 million of ARR, representing another solid quarter of growth for ForgeRock," said Fran Rosch, CEO of ForgeRock. "Adoption of the ForgeRock Identity Cloud continued to be strong, with these new SaaS customers representing the majority of our new ARR and new logos in the quarter. The in
ForgeRock shareholders to receive $23.25 per share in cash ForgeRock to become a privately held company upon completion of the transaction ForgeRock® (NYSE:FORG), a global digital identity leader, announced today that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $23.25 per share, in an all-cash transaction valued at approximately $2.3 billion. The offer represents a premium of approximately 53% over ForgeRock's closing share price on October 10, 2022, the last full trading day prior to the transaction announcement, and a premium of approximately 44% over the volume weighted average price of ForgeRock stock for the 30 day
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Canaccord Genuity initiated coverage of ForgeRock with a rating of Buy and set a new price target of $20.00
KeyBanc Capital Markets initiated coverage of ForgeRock with a rating of Sector Weight
JP Morgan reiterated coverage of ForgeRock with a rating of Overweight and set a new price target of $36.00 from $41.00 previously
ForgeRock Recognized Again as a Leader in Product, Innovation, Market and Overall Categories for 4th Consecutive Report. ForgeRock®, a global digital identity leader, announced today it earned an "Overall Leadership" position in the 2023 KuppingerCole Access Management Leadership Compass analyst report for the 4th consecutive publication. ForgeRock was also recognized as a leader in product, innovation and market leadership, and for its strengths in fraud detection, API security, orchestration capabilities, partner ecosystem support and strong federation capabilities. "We are thrilled to be recognized by KuppingerCole as a leader for our Identity and Access Management (IAM) capabilities
ARR was $251.3 million for Q2 2023, with growth accelerating to 25% year-over-year Total revenue was $58.3 million for Q2 2023, growing 22% year-over-year Subscription SaaS, support & maintenance revenue was $38.1 million for Q2 2023, growing 29% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its second quarter ended June 30, 2023. "Q2 was a very strong quarter and our ARR growth accelerated sequentially to 25% year-over-year, ending at $251 million," said Fran Rosch, CEO of ForgeRock. "Our net new ARR growth of $14 million in the quarter was 63% higher than the same period last year and our growth year to d
Fraud Caused by AI-Based Attacks and Stolen Identities Are on the Rise. One Compromised Identity Puts an Entire Organization at Risk. ForgeRock® (NYSE:FORG), a global digital identity leader, today announced findings from its 2023 ForgeRock Identity Breach Report, which revealed that stolen identities continue to cause massive breaches, exposing 1.5 billion user records and costing businesses an average of $9.4 million per breach in 2022. As more identities are stolen each year, AI-driven fraud attacks are creating a larger threat landscape for consumers and enterprises alike. Through the use of new technologies like generative AI, tactics such as phishing emails, malicious code an
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