Absolute Software Corp Stock Price, News & Analysis

Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share, scheduled for payment on May 28, 2021. Shareholders of record will need to hold shares by the close of business on May 14, 2021. These dividends are categorized as eligible dividends under Canadian tax laws, which may benefit shareholders during tax season. Absolute Software specializes in Endpoint Resilience solutions, currently protecting over half a billion devices globally, ensuring connectivity and control for IT and Security organizations.

Absolute Software (NASDAQ: ABST) announced it will release its third quarter fiscal 2021 financial results on May 11, 2021, after market close. The financial statements will be available on their website, SEDAR, and EDGAR. A conference call to discuss results will take place the same day at 5:00 p.m. ET, accessible via phone or a live audio webcast. Absolute Software specializes in Endpoint Resilience solutions, providing organizations with visibility, control, and security for devices regardless of network status.

Absolute Software (NASDAQ:ABST) has announced significant enhancements to its Endpoint Resilience platform, enabling better detection and response to endpoint security risks. With its patented Persistence technology embedded in over half a billion devices, Absolute offers IT administrators robust tools for real-time alerts and immediate actions on device security incidents. The platform now includes support for Lenovo Device Intelligence, enhancing monitoring capabilities. These updates underscore Absolute's commitment to enhancing visibility and self-healing capabilities for critical applications.

Absolute Software (NASDAQ: ABST) recently released a commissioned study by Forrester Consulting, highlighting the evolving challenges in endpoint security amid increased remote and hybrid work. The study indicates a shift in security priorities towards automating protection for sensitive data (60%) and maintaining compliance. Security leaders face challenges in measuring ROI on existing investments, with only 38% able to do so. Absolute's Persistence technology offers continuous visibility and control, positioning the company as a key player in securing the future of work.

Absolute Software (NASDAQ: ABST) has been named in CRN's 2021 Partner Program Guide, highlighting its 5-Star rated partner program. This recognition underscores Absolute's commitment to empowering managed service providers and resellers with tools that support Remote Work and Distance Learning. The program focuses on enhancing partner success through a frictionless sales process, predictable recurring revenue, and high retention rates, reflecting Absolute’s strong customer satisfaction. The guide will be featured online and in the April 2021 issue of CRN.

Absolute Software (NASDAQ: ABST) has launched enhanced Web Usage analytics designed for IT and Security teams, offering deeper insights into website usage and application adoption. Following a significant 158% increase in customer adoption from Q1 FY21 to Q2 FY21, the updates allow organizations to visualize web usage, configure reporting hours, and monitor risky web access. With remote work models solidifying, this functionality aims to help businesses maximize their technology investments while ensuring secure online interactions.

Absolute Software (NASDAQ: ABST, TSX: ABST) will present at the 42nd Annual Raymond James Institutional Investors Conference on March 1, 2021, at 11:40 AM ET. A live webcast and replay will be available on the Absolute Investor Relations website. Absolute Software is a leader in Endpoint Resilience solutions, providing self-healing endpoint security.

Absolute Software (NASDAQ: ABST, TSX: ABST) has partnered with Fresno Unified School District (USD) to implement its Absolute Resilience™ platform. This platform provides real-time visibility and control over over 100,000 devices, enabling the district to efficiently manage its technology used for distance learning.

Fresno USD, the third largest school district in California, has expanded its device fleet significantly to support remote learning, ensuring operational continuity and student safety.

Absolute Software (NASDAQ: ABST, TSX: ABST) has been prioritized by the U.S. Federal Risk and Authorization Management Program (FedRAMP) to pursue a Provisional Authority to Operate (P-ATO) from the Joint Authorization Board (JAB). This recognition highlights the demand for its Endpoint Resilience platform among U.S. federal agencies. The FedRAMP process ensures that cloud service providers meet rigorous security standards. Absolute's CIO expressed excitement about this opportunity to enhance security solutions for federal customers.