N-Able Inc Stock Price, News & Analysis

N-able (NYSE: NABL) announced its Q2 2024 results, achieving a 13% YoY revenue increase to $119.4M. Subscription revenue grew by 13.6% YoY to $117.4M. GAAP gross margin was 84.0%, while non-GAAP gross margin stood at 84.7%. GAAP net income reached $9.5M ($0.05 per diluted share), and non-GAAP net income was $26.6M ($0.14 per diluted share). Adjusted EBITDA increased by 34.1% to $46.8M, representing a 39.2% margin. The company raised its full-year 2024 revenue outlook midpoint to $464.0M and adjusted EBITDA margin outlook to 36%. N-able was included in the MES Midmarket 100, signed the CISA Secure by Design Pledge, and partnered with MSPAlliance for cybersecurity compliance. Total cash and equivalents were $157.5M, with a total debt of $334.1M as of June 30, 2024.

N-able (NYSE: NABL) has announced enhanced Windows 365 management capabilities within its Cloud Commander solution. This multi-tenant platform now enables MSPs and CSPs to manage Microsoft users, Azure resources, Intune, and Windows 365 from a single console. Key features include:

- Viewing and managing Windows 365 Cloud PCs across various editions
- Monitoring critical parameters like provisioning status and connectivity
- Performing bulk actions such as refreshing and rebooting devices
- Managing Windows 365 licenses, including usage for shared licenses
- Accessing a unified interface for all Windows 365 Cloud PCs

This integration aims to simplify management at scale for service providers, enhancing efficiency and profitability in the rapidly growing cloud solutions market.

N-able, Inc. (NYSE:NABL), a global software company specializing in IT services solutions, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for August 8, 2024, at 8:30 a.m. ET. Investors and interested parties can access the live webcast through the N-able Investor Relations website. The company will release its Q2 2024 earnings report before the conference call begins. A temporary replay of the webcast will be available shortly after the event concludes.

N-able, a global software firm, has signed the Cybersecurity and Infrastructure Security Agency (CISA) Secure by Design Pledge. By taking this pledge, N-able commits to integrating enhanced security measures into its products and services over the next year. This initiative highlights N-able's dedication to improving cybersecurity for its IT service provider partners and their customers.

The CISA pledge emphasizes goals such as increased multi-factor authentication, reduced use of default passwords, and better vulnerability management. N-able is the first company with a Managed Service Provider (MSP)-oriented ecosystem to commit to this pledge, reinforcing its emphasis on security and transparency.

According to Dave MacKinnon, Chief Security Officer, the pledge underscores N-able's commitment to building trust and advancing security in their technology offerings.

N-able (NYSE: NABL), a global software company specializing in IT services, has been recognized by Comparably for the third consecutive year for Best Career Growth and Best Leadership Teams. These accolades highlight the company's commitment to providing professional development opportunities and fostering a positive work environment. The awards, based on anonymous employee feedback, emphasize N-able's dedication to core values and employee satisfaction. N-able also received recognition for Best Company Outlook and Best HR Team in 2023.

N-able (NYSE: NABL), a global software company, announced its Pledge on the Responsible Use of AI, emphasizing consent, transparency, and context. The initiative aims to enhance partner data protection and intellectual property through ethical AI practices. The pledge highlights that consent is mandatory before engaging AI, and transparency in AI usage is prioritized, ensuring partners are informed. The strategy also focuses on the contextual use of AI, tailoring solutions to specific needs. N-able's AI implementation is designed to improve efficiency in partner interactions, resolution times, and system performance. Nicole Reineke, Director of AI Strategy, and Jimmy Puckett, CEO of SPINEN, underscore the importance of ethical AI and data sovereignty.

N-able has enhanced its Cove Data Protection offering by introducing the Standby Image feature to VMware ESXi, Hyper-V, and Microsoft Azure. This feature aims to provide cost-effective and flexible Disaster Recovery as a Service (DRaaS) for IT services providers and MSPs, aligning with N-able's Ecoverse vision. Cove's virtualized backup and disaster recovery capability automatically creates and maintains bootable virtual machine images, improving cyber resilience against ransomware and other disasters. The Standby Image feature allows quick recovery of business operations while preserving forensic data for cyber insurance purposes.

N-able (NYSE: NABL), a leading software provider for IT services, has partnered with MSPAlliance to help Managed Service Providers (MSPs) navigate cybersecurity compliance. Through MSPAlliance’s Cyber Verify Program, N-able partners can identify gaps, certify compliance, and offer Compliance-as-a-Service solutions to clients. The program, accessible globally, helps MSPs meet industry standards and adhere to cyber-regulations, enhancing their service delivery and generating recurring revenue. N-able partners will receive a 10% discount on the program until the end of the year. The partnership aims to empower MSPs with tools and resources to improve service quality and ensure IT immunity in case of cyberattacks.

N-able, a global software company (NYSE: NABL), announced that five of their female leaders have been honored on the CRN 2024 Women of the Channel (WOTC) list. These leaders include Kathleen Pai, Laura DuBois, Tracy Trottier, Laura Howie, and Stefanie Hammond, with Hammond also named to the Power 100 list. The WOTC list acknowledges women whose vision and leadership positively impact the tech industry. N-able's initiatives under these leaders include Head Nerds, MarketBuilder, and Cloud Commander. The recognition underscores N-able's commitment to innovation and diversity in the IT channel.