Blackbaud Inc Stock Price, News & Analysis

Blackbaud (NASDAQ: BLKB) launched the Blackbaud After School Program to support employees juggling work and child care during COVID-19. This volunteer-based initiative enables employees to share skills with colleagues' children, offering a range of activities like arts, crafts, and coding. Operating across multiple countries, the program has logged 380 hours in 115 sessions since its launch in mid-September 2020. Employee participation is encouraged, with incentives for those volunteering during work hours. Blackbaud continues to strengthen its culture and provide support in these challenging times.

Blackbaud (NASDAQ: BLKB), a leader in cloud software for social good, will announce its long-term financial goals on December 1, 2020. Following this, a conference call will be held on December 2, 2020, at 8:00 a.m. ET to discuss these goals and the company's strategic outlook. The board has reauthorized a share repurchase program, increasing capacity to $250 million for buying back approximately 5 million shares. This reflects Blackbaud's confidence in its future cash flow generation and commitment to shareholder value enhancement.

Blackbaud (NASDAQ: BLKB) has announced the acceptance of applications for its Social Good Startup Program, aimed at fostering innovation among early-stage companies impacting the Ecosystem of Good^®. Launching in January 2021, the program will prioritize BIPOC founders and offers marketing opportunities, resources, and nondilutive grant funding. Up to 10 startups will be selected, continuing Blackbaud's commitment to diversity and collaboration in the social good sector.

Blackbaud (NASDAQ: BLKB), a leading cloud software company for social good, has postponed its third quarter 2020 earnings conference call due to a network outage affecting the call provider. The rescheduled call will take place on October 30, 2020, at 8:00 a.m. ET. Investors can access the live webcast and archive on Blackbaud's investor webpage. The company has a broad portfolio that serves various sectors, enhancing organizational impact through specialized cloud solutions.

Blackbaud, Inc. (NASDAQ: BLKB) announced an update regarding its third-quarter earnings call, which had to be postponed due to a network outage affecting the conference call provider. The company will reschedule the call if the issue isn't resolved by 9:00 a.m. ET. Blackbaud has been a leader in cloud software for the social good sector, providing tailored solutions for various organizations, including nonprofits and educational institutions.

Blackbaud (NASDAQ: BLKB) reported its Q3 2020 financial results, revealing a 2.8% decline in total GAAP revenue to $215.0 million. Recurring revenue decreased by 2.5%, accounting for 93.1% of total revenue. Despite revenue pressures, GAAP operating margin improved by 110 basis points to 4.7%. Non-GAAP income from operations rose to $48.1 million, with a margin increase of 590 basis points to 22.4%. The company is focused on profitability amid ongoing pandemic challenges and has invested in engineering and security. Recent highlights include completing the purchase of its headquarters and launching new products.

Blackbaud (NASDAQ: BLKB) is enhancing support for organizations during the COVID-19 pandemic with its solutions Blackbaud Grantmaking and Blackbaud CRM. These tools streamline grant management and fundraising efforts, enabling swift response to urgent needs. The Lutheran Church—Missouri Synod effectively utilized these solutions, awarding nearly 600 grants by June 2020, significantly increasing their grant output. Their initial fundraising appeal yielded $35,000 in one day and over $1.5 million in six months, reflecting heightened generosity during the crisis.

On October 23, 2020, Blackbaud (NASDAQ: BLKB) announced enhancements to its Peer-to-Peer Fundraising solution, integrating livestream capabilities to support organizations facing fundraising challenges due to COVID-19. This no-cost solution allows organizations to create online campaigns that increase reach and revenue. The Stuttering Association for the Young successfully raised nearly $250,000 through a virtual event, showcasing Blackbaud's technology's effectiveness. The platform facilitates seamless integration with other Blackbaud solutions, driving more donations from both new and existing donors.

Blackbaud (NASDAQ: BLKB) has released a report indicating that COVID-19 has significantly altered parent expectations in K-12 education. Based on a survey of 7,450 parents, key findings include high satisfaction levels with remote learning (85%) and increased expectations for technology use in schools. Notably, 54% expect all learning resources to be online, and 85% show interest in competency-based education. However, one in five families considered changing schools, indicating disruption in typical enrollment trends. This shift in expectations signals a lasting impact on educational technology adoption.