Welcome to our dedicated page for N-Able news (Ticker: NABL), a resource for investors and traders seeking the latest updates and insights on N-Able stock.
N-able, Inc. (NYSE: NABL) generates a steady stream of news centered on cybersecurity, IT management, and business resilience. As a global software company delivering an end-to-end cyber resilience platform, its announcements often highlight new product capabilities, threat research, partner programs, and financial performance that matter to MSPs, IT professionals, and investors.
Readers of this news feed can expect coverage of product and platform updates, such as enhancements to N-central unified endpoint management, the launch of Anomaly Detection as a Service within Cove Data Protection, and initiatives like Cat-MIP, which aims to standardize terminology for AI-driven automation across IT ecosystems. News also includes developments in security operations, including Adlumin XDR and MDR services and programs like the Cyber Warranty Program designed to add financial protection around cyber incidents.
N-able frequently shares customer and partner stories, for example how its cyber resiliency platform helped a regional CPA firm recover from a ransomware attack in under 24 hours. The company also issues event and thought leadership updates, such as its Cyber Resilience Summit, Empower customer events, and the Annual Threat Report that examines trends in attacks on small and mid-market businesses.
In addition, the news flow includes financial and corporate disclosures, including quarterly earnings results, outlook commentary, and board-level changes reported in press releases and related SEC filings. For anyone tracking NABL, this page offers a centralized view of how N-able is evolving its cyber resilience offerings, engaging with partners, and responding to the changing threat landscape. Investors and IT professionals may wish to revisit regularly to follow new releases and company milestones.
N-able, Inc. (NYSE:NABL) will announce its third quarter financial results on November 9, 2021, at 8:30 a.m. ET. The company will also host a conference call on the same date to discuss the results, accessible via dial-in and live webcast on their Investor Relations website. Following this, N-able executives will participate in several investor conferences, including the Berenberg US CEO Conference on November 10 and the RBC Capital Markets Global Technology Conference on November 17.
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N-able, Inc. (NYSE:NABL) reported robust second-quarter results for the period ending June 30, 2021, post-spin-off from SolarWinds. Total revenue reached $85.3 million, reflecting a 16% year-over-year growth, with subscription revenue at $82.8 million and a GAAP gross margin of 85%. Adjusted EBITDA stood at $28.2 million, marking a 33% margin. Key developments include partnerships with technology leaders and the launch of MarketBuilder to aid MSPs in marketing. The company maintains a strong cash position of $50 million against total debt of $350 million.
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SolarWinds Corporation (NYSE: SWI) has completed the spin-off of its managed service provider (MSP) business, now operating as a standalone company named N-able, Inc. (NYSE: NABL) as of July 19, 2021. SolarWinds will focus on its Core IT Management business, while N-able will offer cloud-based solutions for MSPs aimed at enhancing digital transformation for small and medium enterprises. Shareholders of SolarWinds received one share of N-able stock for every two shares they held as of July 12, 2021.
SolarWinds Corporation (NYSE:SWI) and N-able, Inc. (NYSE:NABL) announced preliminary financial results for Q2 2021. SolarWinds expects total revenue between $260.8 million to $262.0 million, reflecting a 6% year-over-year growth and a net loss of $10.4 million to $11.3 million. Core IT Management revenue is projected to be $176.0 million to $177.0 million, marking a 2% increase. N-able anticipates revenue in the range of $84.8 million to $85.0 million, representing 16% year-over-year growth.
SolarWinds Corporation (NYSE:SWI) and N-able, Inc. (NYSE:NABL) announced a private placement financing transaction, where N-able will raise approximately $225 million by issuing 20,623,282 shares at $10.91 per share. The placement, led by Canada Pension Plan Investment Board, is scheduled to close on July 19, 2021. Net proceeds, estimated at $216 million, will be distributed to SolarWinds and are intended to either benefit stockholders or reduce existing debt. Notably, this transaction is exempt from registration under the Securities Act.