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.
8x8 (NASDAQ: EGHT) has appointed John Pagliuca, President and CEO of N-able (NYSE:NABL), to its Board of Directors, effective November 18, 2024. Pagliuca brings over 20 years of leadership experience in software and SaaS. His background includes executive roles at SolarWinds, LOGICNow, GFI Software, and Airvana, where he helped achieve over $500 million in revenue and led the company's IPO in 2007. With this appointment, 8x8's Board now consists of eight members.
N-able (NYSE: NABL) has announced three strategic leadership appointments to strengthen its global channel strategy: Jonathan Bartholomew as VP of Channel Sales, Paul Monaghan as VP of EMEA Sales, and Andy Hudson as VP of International Marketing. The expansion aims to support N-able's growing IT services market presence across 150 countries, focusing on enhancing relationships with distributors, resellers, and MSPs. The new leaders will help develop localized channel programs to improve scalability and responsiveness to market demands, particularly in security and IT management solutions delivery.
N-able (NYSE:NABL) reported strong Q3 2024 results with total revenue reaching $116.4 million, representing 8.3% year-over-year growth. Subscription revenue grew 9.3% to $115.0 million. The company achieved a GAAP gross margin of 82.9% and reported GAAP net income of $10.8 million. Adjusted EBITDA increased 22.7% to $44.8 million, with a margin of 38.5%. The company maintains a strong financial position with $174.4 million in cash and cash equivalents. N-able has updated its full-year 2024 revenue outlook to $462M and raised its adjusted EBITDA margin outlook to 37%.
N-able (NYSE: NABL) has introduced Fortified Copies, a new feature in its Cove Data Protection solution that provides automatic backup immutability without additional costs or management overhead. The feature creates hourly immutable backups across all devices and retains them for 30 days, protecting against ransomware attacks that target backup systems. Unlike traditional immutability solutions that require WORM locking or object storage, Fortified Copies leverages Cove's cloud-based architecture to provide enhanced cyber resilience without the associated storage and administrative costs. This development aligns with N-able's Ecoverse vision for streamlined IT management.
N-able (NYSE:NABL) has scheduled its third quarter 2024 earnings conference call for November 7, 2024, at 8:30 a.m. ET. The company, which provides software solutions for IT services providers, will release its Q3 2024 financial results before the conference call. A live webcast will be available on the N-able Investor Relations website, with a temporary replay accessible after the event.
N-able (NYSE: NABL) has launched expanded global compliance initiatives to support IT service providers with cybersecurity framework requirements. The company introduced measures including NIST 800-171 Attestation, FIPS 140-3 expansion, enhanced audit logging, and a separated hosted environment specifically designed for CMMC 2.0 compliance. The initiatives aim to help partners meet requirements across various frameworks including CMMC 2.0, NIS2, Cyber Essentials, and Essential Eight. N-able is also establishing a Global Compliance Advisory Council and a compliance resource library to support partners in their regulatory compliance journey.
N-able (NYSE: NABL) has been named a Great Tech Place to Work winner by NC Tech, North Carolina's only statewide technology awards program. The company, which provides software solutions for IT services providers, was recognized for its exceptional workplace culture. N-able emphasizes Diversity, Equality, and Belonging (DEB) with employees from nearly 15 countries, offers professional development opportunities, and implements comprehensive wellness programs. The company's culture is built around core values including N-rich Lives, N-spire Others, and N-joy the Journey.
Top Down Ventures, a venture capital firm led by Chris Day, has announced the first close of its US$25M Founders Fund, targeting early-stage SaaS companies in the Managed Service Provider (MSP) sector. The fund combines capital investment with operational expertise and a proven scaling playbook. General Partners Chris Day, Joel Abramson, and Mark Scott bring extensive experience from successful MSP companies.
The fund focuses on SaaS companies with $1M+ in annual recurring revenue, offering Seed or Series A investments up to $3M. With a network of experienced Partners and Operating Advisors, Top Down aims to amplify portfolio companies' success. The firm's venture studio model provides guidance in product development, go-to-market strategies, and team building, supporting founders with both strategic and tactical expertise.
N-able, Inc. (NYSE: NABL), a global software company specializing in IT services solutions, has been recognized by Comparably with three awards: Best Company Happiest Employees, Best Company Perks and Benefits, and Best Company Work-Life Balance. These awards are based on anonymous feedback from current employees over the past 12 months.
N-able's success is attributed to its focus on employee experience, guided by core values and regular input from staff. The company emphasizes Total Rewards, Learning and Development, and Diversity, Equality and Belonging initiatives. Earlier this year, N-able also received Comparably awards for Best Career Growth, Best Leadership Teams, Best Company Outlook, and Best HR Team.
Kathleen Pai, Chief People Officer at N-able, stated that these recognitions reflect the company's commitment to fostering a positive work environment and driving innovation through employee-centric practices.
N-able, Inc. (NYSE: NABL) has released new data showing a 56% increase in disaster recovery events related to Microsoft 365 domains and an increase in backups among its partners. This trend aligns with a reported 46.15% rise in cyberattacks in the first half of 2024 compared to 2023. Key findings include:
- 1,000 more MSPs offering backup services for Microsoft 365 with Cove
- Over 2.2 million Microsoft 365 end users protected, a 46% increase
- 42 petabytes of Microsoft 365 data backed up, up from 26 petabytes last year
The data underscores the growing importance of robust backup solutions in the face of increasing cyber threats, with 67% of surveyed MSPs expecting growth in managed backup services.