No, it is not for the moment. So the true ping.exe file is a safe MS Windows system
process, called “TCP/IP ping command”.
But, guys of malware programs, such as viruses or trojans give their processes the same file name to escape
detection. Viruses with the same file name are for ex. BKDR_DELF.HUA or BKDR_DELF.BXK (detected by TrendMicro), and Infostealer or W32.Spybot.Worm (detected by Symantec).
Check it with a ANTI virus signature checker. (e.g. windows defender)