N-Able Inc Stock Price, News & Analysis

N-able, Inc. (NYSE:NABL) reported a robust fourth quarter with subscription revenue growing by 13% year-over-year, leading to total revenue of $89.5 million. The company maintained a dollar-based net retention rate of 110%, reflecting healthy expansion. For the full year, N-able projected 11% to 12% year-over-year revenue growth. Key highlights included strong performance in security solutions and a notable expansion of its Technology Alliance Program. Financial results showed a GAAP net income of $2.1 million for Q4 and $346.5 million total revenue for 2021.

N-able, Inc. (NYSE:NABL) announced the launch of its advanced N-able DNS Filtering service aimed at enhancing web security for managed service providers (MSPs) in a hybrid work environment. This solution allows MSPs to better protect their clients from a range of cyber threats, including phishing and ransomware. Key features include real-time identification of malicious sites, multi-client management, and robust reporting capabilities. The move responds to the increasing prevalence of DNS-based cyberattacks, with over 8,000 phishing sites reported daily according to HelpNet Security.

N-able (NYSE: NABL) and SentinelOne (NYSE: S) announced the rapid adoption of SentinelOne's EDR technology by N-able's partners, replacing outdated antivirus systems to enhance cybersecurity measures.

This shift responds to increasing cybersecurity threats, such as zero-day attacks and ransomware, especially in hybrid work environments.

SentinelOne EDR offers real-time detection, rapid rollback features, and AI-driven protection, which are critical for safeguarding over one million endpoints managed by N-able partners.

N-able, Inc. (NYSE: NABL) reported significant uptake of its N-able Backup for Microsoft 365, with over 4,000 partners using it to protect 25,000+ customer domains since its launch in December 2019. The solution automates backup processes for Exchange, OneDrive, and SharePoint, highlighting the rising necessity for SaaS backup solutions amid growing data loss risks. A recent report shows a 33% increase in organizations losing cloud-resident data. N-able stresses that this backup is now a requirement, reflecting a shift in market awareness from optional to essential services.

N-able, Inc. (NYSE:NABL) will report its fourth-quarter financial results on February 24, 2022, at 8:30 a.m. ET. A live conference call will be available for investors, along with a webcast on the company's Investor Relations website. N-able plans to participate in upcoming investor conferences, including the Berenberg Thematic Software Conference on March 2 and the William Blair Tech Innovators Conference on March 15. This follows their strategy to empower managed services providers through a flexible technology platform aimed at navigating digital evolution.

N-able (NYSE: NABL) has announced significant growth in its Technology Alliance Program (TAP), adding over 25 partners in 2021, with a focus on security solutions. The collaboration includes major tech firms like Cisco and Sophos, bringing the total partners to 65. This initiative aligns with IDC’s prediction of increased industry collaboration by 2023. The program aims to empower managed services providers (MSPs) with essential tools and training, enhancing their service offerings to clients.

N-able (NYSE: NABL) has appointed Chris Groot as General Manager and Stefan Voss as VP of Product Management to enhance its data protection services. These leadership changes aim to bolster N-able's strategy in the rapidly expanding Data Protection-as-a-Service (DPaaS) market, projected to grow from $7.7B in 2020 to $15.3B by 2024. The company emphasizes a cloud-first approach, providing streamlined backup solutions that simplify data protection for managed services providers (MSPs) while aiming to reduce downtime and costs for customers.

N-able has appointed Charles Mangin as the new Head Mac Nerd, enhancing support for managed services providers (MSPs) managing Mac devices. With over two decades of experience, Mangin will help address security vulnerabilities associated with unmanaged Macs. N-able's Head Nerds program, which includes experts in various tech fields, has significantly improved partner engagement, welcoming over 7,500 partners in 2021 alone. The initiative supports MSPs through education and resources, contributing to their business growth and success in a rapidly evolving digital landscape.

N-able, Inc. (NYSE:NABL) reported a strong third quarter, with total revenue reaching $88.4 million, reflecting a 16% year-over-year growth. Subscription revenue increased 17% to $86.1 million, bolstered by a 110% dollar-based net retention rate and a 25% rise in large customers contributing $50K ARR or more. The company achieved a GAAP net income of $1.9 million ($0.01 per share) and a non-GAAP net income of $17.2 million ($0.10 per share). N-able's cash and equivalents stood at $61.6 million, with total debt at $339.3 million.