N-Able Inc Stock Price, News & Analysis

N-able, Inc. (NYSE: NABL) has launched N-sight™ RMM, a comprehensive solution for managed services providers (MSPs) designed to facilitate rapid growth and efficiency. Combining cloud-based RMM, remote support, and business management tools, it aims to streamline operations for MSPs at varying stages of development. The product addresses key industry challenges, including growth, retention, and profitability, while providing advanced remote monitoring across multiple platforms. N-sight is commercially available globally, with a free trial option for interested MSPs.

N-able, Inc. (NYSE: NABL) has acquired Spinpanel, a Microsoft Cloud management and automation platform. This strategic acquisition targets labor scarcity and the shift toward cloud solutions by providing N-able's partners with enhanced tools for managing Microsoft Cloud services. Spinpanel's technology aims to simplify complex IT environments and help partners scale their offerings. The integration of Spinpanel’s solutions into N-able's portfolio is expected to occur in Q3 2022, enhancing value for both N-able partners and Spinpanel customers.

N-able, Inc. (NYSE: NABL) has announced that its Cove Data Protection for Microsoft 365 has surpassed one million protected users. Since its launch in December 2019, over 4,600 partners are using Cove to safeguard more than 36,000 customer domains and 1.2 million Exchange mailboxes. Cove offers cloud-first data protection, disaster recovery, and long-term backup retention, addressing the critical need for businesses to protect their Microsoft 365 data. The platform automates backups and adapts to the need for reliable solutions against data loss.

N-able, Inc. (NYSE: NABL) has introduced a new feature, Standby Image, for its Cove Data Protection™ solution, enhancing its cloud-first data protection and disaster recovery capabilities. The feature allows IT service providers to create and manage virtual server images without the need for costly proprietary appliances, promoting efficiency and reducing costs. This innovation addresses the growing ransomware threat and offers a flexible recovery option, ensuring backups are safe and accessible in a secondary location.

N-able, Inc. (NYSE: NABL) has launched N-hanced Services aimed at helping IT service providers optimize their operations and scale service delivery. The new offering addresses industry challenges like labor shortages and cybersecurity threats by providing premium onboarding, premium support, migrations, and custom solutions. These services seek to enhance partner productivity, enabling them to manage complex environments with fewer resources, thereby accelerating return on investment.

N-able, Inc. (NYSE:NABL) reported a first-quarter revenue of $90.9 million, up 9% year-over-year, with subscription revenue increasing by 10%. The company’s dollar-based net retention rate stands at 108%. N-able expects full-year 2022 revenue growth of 9%, or 13-14% in constant currency. Key achievements include the launch of new security solutions and significant growth in cloud-based offerings. The company's GAAP net income is $5.1 million, with an adjusted EBITDA of $27 million, marking a 29.7% margin. Its cash position totals $70.4 million against $338.4 million in debt.

N-able has launched Cove Data Protection™, a cloud-first data protection-as-a-service (DPaaS) solution designed to enhance backup and disaster recovery for IT services providers. This innovative approach addresses the rising challenges from cyberattacks, including ransomware. Cove eliminates the complexities of traditional backup systems by providing a direct-to-cloud method, improving recovery objectives and reducing costs. Cove supports servers, workstations, and Microsoft 365 data, and offers features like frequent backups, a standby virtual server image, and managed cloud storage from 30 data centers.