Avepoint Inc. Stock Price, News & Analysis

AvePoint (NASDAQ: AVPT) has launched Entrust, a new application enhancing control and visibility across Microsoft 365 tenants, aimed at easing the management of admin users and processes. With features such as role-based access control, consolidated dashboards, and centralized activity monitoring, Entrust seeks to improve IT efficiency for businesses managing multiple tenants. Currently, the Microsoft 365 ecosystem has over 270 million monthly active users, highlighting the demand for such management tools. AvePoint continues to evolve, offering solutions for a more secure and manageable digital workspace.

AvePoint has launched Ransomware Detection within its Cloud Backup for Microsoft 365, enhancing protection against ransomware attacks. This solution offers early detection of unusual OneDrive activity, enabling quicker investigation and data restoration. Alongside this, AvePoint introduces a Ransomware Warranty for MSPs, covering up to $1 million for unrecoverable data. The initiative reflects the company's commitment to secure digital collaboration, amid increasing ransomware threats, where attacks occurred every 11 seconds in 2021.

AvePoint (NASDAQ: AVPT) will announce its fourth quarter financial results for the period ending December 31, 2021, after market close on March 17, 2022. A conference call is scheduled for the same day at 4:30 PM ET, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, who will discuss the results and current business trends. The event will be accessible via a live webcast on AvePoint's Investor Relations website, with a replay available for 90 days post-call.

AvePoint reported a strong finish to 2021, ending with over 2,800 partners, primarily active MSPs, which contributed to a triple-digit growth in monthly recurring revenue from its Elements Managed Services Platform. The company introduced enhancements to its global partner program, including a certification program for partners and a Partner Technical Advisory Council. Recent advancements in the Elements platform include integrations for Cloud Backup capabilities for Google Workspace and Salesforce, improving partner operations and customer retention.

AvePoint (NASDAQ: AVPT) has announced an expansion of its FedRAMP (moderate) authorization, validating its SaaS solutions for federal use. This development showcases AvePoint's commitment to maintaining high security standards for public sector clients, including agencies like the U.S. Department of State and NASA. The expanded authorization includes new products such as Cloud Backup for Salesforce and Microsoft Teams solutions. This move aims to bolster confidence in managing sensitive data across various SaaS platforms.

AvePoint (NASDAQ: AVPT) has launched Confide, an innovative virtual data room designed to enhance data security for businesses without compromising efficiency. Confide is fully integrated with Microsoft 365, enabling seamless collaboration for sensitive projects like mergers and acquisitions. Key features include an intuitive setup, robust governance for project permissions, and real-time insights into document activity. This product aims to empower business leaders while reducing the burden on IT teams. AvePoint also introduced Fly, a cloud migration tool.

AvePoint Cloud Backup has been recognized as a Leader in The Forrester New Wave™: SaaS Application Data Protection, Q4 2021. It received the highest current offering score among 10 vendors, achieving the top rating in Microsoft 365, Google Workspace, and Salesforce backup capabilities. The report highlights its advanced security and usability features, including unlimited restores and flexible storage options. AvePoint aims to address the growing need for effective data protection in SaaS applications, emphasizing its commitment to multi-SaaS capabilities.

AvePoint, the leading data management solutions provider for Microsoft 365, reported strong financial results for the third quarter of 2021, with total revenue reaching $54 million, marking a 36% year-over-year increase.

Subscription revenue demonstrated impressive 79% growth year-over-year, while SaaS revenue also grew by 59%. The company's total annual recurring revenue (ARR) was $147.5 million, up 32% year-over-year. Despite a GAAP operating loss of $28.7 million, non-GAAP operating income stood at $4 million. AvePoint forecasts fourth-quarter revenues between $56.4 million and $58.4 million.