Welcome to our dedicated page for Absolute Software Corporation news (Ticker: ABST), a resource for investors and traders seeking the latest updates and insights on Absolute Software Corporation stock.
Absolute Software Corporation (NASDAQ: ABST, TSX: ABST) is the only provider of self-healing, intelligent security solutions. Embedded in more than 600 million devices globally, Absolute is the only platform offering a permanent digital connection that intelligently and dynamically applies visibility, control, and self-healing capabilities to endpoints, applications, and network connections. The company specializes in protecting devices, data, applications, and users both on and off the network, thereby bridging the gap between security and IT operations.
Notably, Absolute’s patented Persistence® technology is embedded in the firmware of over a billion PC and mobile devices and is trusted by nearly 21,000 customers worldwide. This technology ensures that enterprises have actionable visibility to protect every endpoint, remediate vulnerabilities, and ensure compliance against insider and external threats. The company has also received recognition as a Leader for the fourteenth consecutive quarter in G2’s Summer 2023 Grid® Report for Endpoint Management and for the fourth consecutive quarter in the Grid Report for Zero Trust Networking.
Recently, Absolute expanded its Security Service Edge (SSE) solution with the launch of the Absolute Secure Web Gateway Service, optimized for hybrid and mobile work models. This new offering provides robust protections including multiple anti-virus scans, remote browser isolation, and data loss prevention. In addition, Absolute has been acknowledged by Forrester in its Q2 2023 Zero Trust Platforms Landscape report, emphasizing its capabilities to enhance visibility into enterprise assets and segmentation across distributed enterprises.
In terms of financial performance, Absolute reported a revenue of $58.8 million for Q3 F2023, representing a 13% increase compared to the same period in the previous fiscal year. The company has been showing strong financial resilience with its advanced security offerings.
In May 2023, Absolute entered into an acquisition agreement with Crosspoint Capital Partners, L.P., valuing the company at roughly $870 million. The acquisition was completed in July 2023, marking Absolute’s transition to a privately held company with the backing of Crosspoint’s expertise in cybersecurity and infrastructure software markets.
Absolute Software (NASDAQ: ABST) has announced enhancements in its Secure Endpoint portfolio aimed at bolstering security in hybrid working environments. Innovations include enhanced end user messaging for IT teams, a Web Subscriptions Report that helps measure the ROI of web applications, and an expanded application persistence catalog featuring 60 titles. With the rise of cyber threats, including potential ransomware attacks every two seconds by 2031, these updates are designed to improve customer resilience and better protect organizations' assets.
Absolute Software (NASDAQ: ABST) will host a financial analyst meeting on September 13, 2022, in New York City. Registration starts at 9:00 AM ET, with presentations from CEO Christy Wyatt and the leadership team at 10:00 AM ET. The event will cover business opportunities, product innovations, and financial updates, followed by a live Q&A session. Attendance is by invitation only, and investment professionals can register via IR@absolute.com. The event will also be available as a live webcast.
Absolute Software (NASDAQ: ABST) has been recognized as a Leader in the Summer 2022 Grid® Report for Endpoint Management, marking ten consecutive quarters of high user ratings and satisfaction. The company achieved a customer support satisfaction score of 92%, and 97% of users rated Absolute 4 out of 5 stars. Additionally, the Secure Access platform received a High Performer ranking in the G2 Summer Grid Report for Zero Trust Networking with a customer satisfaction score of 97%. Absolute’s solutions emphasize security and compliance, serving over 17,000 customers with patented Persistence technology.
Absolute Software (NASDAQ: ABST) announces a fireside chat at the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, at 1:00 PM Eastern Time. The event aims to discuss the company's innovative self-healing endpoint and secure access solutions that enhance cyber resilience for distributed workforces. Absolute is known for its unique platform embedded in over half a billion devices, reinforcing its position in Zero Trust Networking and Endpoint Management.
Webcast and event replay will be accessible via Absolute's Investor Relations website.
Absolute Software (NASDAQ: ABST) has declared a quarterly dividend of CAD$0.08 per share, payable on August 26, 2022. Shareholders of record will be eligible if they are listed by the close of business on August 11, 2022. This dividend qualifies as an eligible dividend under Canadian tax law. Absolute Software specializes in self-healing endpoint and secure access solutions, enhancing cyber resilience for over 16,000 customers, and is recognized for its leadership in Zero Trust Networking and Endpoint Management.
Absolute Software has been recognized in Forrester's report, "The Future Of Endpoint Management," highlighting its self-healing capabilities as critical for endpoint management. Analyst Andrew Hewitt emphasized the significance of firmware-embedded self-healing, which ensures uninterrupted operation of applications. With its patented Persistence® technology, Absolute monitors and repairs over 500 million endpoints, enhancing cyber resilience against threats like ransomware. This recognition positions Absolute as a leader in zero trust security and endpoint management, trusted by over 16,000 customers.
Absolute Software Corporation (NASDAQ: ABST) will release its financial results for the fourth quarter and full-year fiscal 2022 on August 23, 2022, after market close. The results will be accessible via Absolute's website and filed on SEDAR and EDGAR. A conference call will take place at 5:00 p.m. ET on the same day to discuss the results and business outlook. The call can be joined by phone or through a live audio webcast. The archived call will be available until August 30, 2022.
Absolute Software has partnered with Ivanti to enhance the resiliency of its customers through Absolute Resilience, utilizing Application Persistence™ capabilities. This collaboration enables joint customers to ensure their devices remain healthy and operational, leveraging Absolute's patented Persistence® technology present in over 500 million endpoints. The integration allows organizations to gain visibility across IT assets and automate security processes, fostering a more secure and efficient digital workspace.
Absolute Software (NASDAQ: ABST) has partnered with Ericom, Utopic, and WinMagic to enhance the resilience of endpoint applications through its Application Persistence-as-a-Service (APaaS). This collaboration enables automatic self-healing of security solutions, reducing operational costs and improving application integrity. By embedding Absolute's technology, these ISVs can leverage real-time health telemetry, optimizing performance and security for their customers. This initiative aims to bolster cyber resilience against threats like ransomware, leveraging Absolute's unique device intelligence.
FAQ
What is the market cap of Absolute Software Corporation (ABST)?
What does Absolute Software Corporation specialize in?
What is Absolute’s patented technology?
How many customers trust Absolute’s solutions?
What recent product has Absolute Software launched?
What are some achievements of Absolute Software in recent years?
What significant financial event occurred for Absolute Software in 2023?
What was Absolute’s revenue for Q3 F2023?
What recognition has Absolute Software received from G2?
What are the key business benefits of Absolute’s Secure Access solutions?
What are the core capabilities of Absolute’s solutions?
