STOCK TITAN

AvePoint, Inc. - AVPT STOCK NEWS

Welcome to our dedicated page for AvePoint news (Ticker: AVPT), a resource for investors and traders seeking the latest updates and insights on AvePoint stock.

AvePoint, Inc. (NASDAQ: AVPT) stands as a leader in enabling enterprise collaboration across multiple platforms and devices. Founded in 2001 and headquartered in Jersey City, NJ, AvePoint excels in assisting enterprises in their digitization journey, allowing information workers to collaborate confidently. The company's unique solutions centralize access and control of information assets in various collaboration and document management systems, both on-premises and in the cloud.

AvePoint's services cater to business, IT, compliance, and risk officers to achieve critical business objectives like big data management, cloud integration, compliance, enterprise content management, and mobile data access monitoring. With a presence in over 14,000 organizations across five continents, including 3 million Office 365 users, AvePoint is pivotal in industries such as energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector.

One of AvePoint’s standout offerings is its Confidence Platform, delivering a comprehensive set of cloud-based solutions that enable IT operations, development operations, and cybersecurity professionals to monitor and secure digital workplaces using SaaS tools. Their recent advancements include the AvePoint Cloud Backup Express, which offers secure data protection for Microsoft OneDrive, SharePoint, and Exchange at enhanced speeds within the Microsoft 365 security boundary.

AvePoint is continually innovating, as seen with its next-generation AvePoint Confide powered by SharePoint Embedded, which ensures secure collaboration beyond the firewall while integrating seamlessly with Microsoft 365 tools. The company’s robust cyber resilience strategy is evidenced by multiple accreditations, including HITRUST CSF v11.0.1 and FedRAMP (moderate) Authorization for several products, validating its commitment to safeguarding sensitive data, especially in regulated industries like healthcare and the public sector.

Having recently reported strong financial results for Q4 2023 and Q1 2024, with notable growth in revenue and non-GAAP operating income, AvePoint is well-positioned to leverage its platform for ongoing success. The company continues to push the envelope in data management and governance, further underscored by collaborations with major partners like Microsoft.

For more information, visit www.avepoint.com.

Rhea-AI Summary

AvePoint has joined the Russell 3000®, Russell 2000®, and Russell Microcap® indexes, providing enhanced visibility and engagement within the institutional investor community. This inclusion follows nearly a year after its listing on Nasdaq. The Russell indexes encompass the largest US stocks and are significant benchmarks for investment strategies, with approximately $12 trillion in assets linked to them. The company aims to leverage this recognition to further its mission in SaaS and data management.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.58%
Tags
none
-
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) has enhanced its Cloud Backup solution by adding data recovery capabilities for Microsoft Azure, bolstering its commitment to risk mitigation and productivity. This new feature allows for periodic backups of business-critical applications every six hours, and secure multi-cloud storage options. The solution now supports granular recovery options, ensuring quick access to data. Recognized with notable industry accolades, AvePoint aims to help organizations protect data efficiently amid increasing cyber threats.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.27%
Tags
none
-
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) announced the launch of four new solutions on Microsoft AppSource, enhancing its commitment to assist businesses in managing their Microsoft investments. The new products include AvePoint Entrust, Cloud Governance, Insights, and Cloud Backup. These tools aim to streamline operations, enhance security, and support faster implementation, thereby delivering significant time and resource savings for businesses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.33%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
none
-
Rhea-AI Summary

AvePoint (NASDAQ: AVPT), a leading SaaS and data management platform, announces its participation in several upcoming investor conferences. The company will present at the Needham 17th Annual Technology & Media Conference on May 17, 2022, Jefferies Software Conference on June 1, 2022, Cowen 50th Annual Technology, Media & Telecom Conference on June 2, 2022, and William Blair 42nd Annual Growth Stock Conference on June 9, 2022. Live and archived audio webcasts will be accessible on its Investor Relations website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.14%
Tags
conferences
-
Rhea-AI Summary

AvePoint reported a strong first quarter for 2022 with total revenue of $50.3 million, a 30% increase year-over-year. SaaS revenue reached $26.6 million, up 45%, contributing to an annual recurring revenue (ARR) of $167.4 million, a 30% growth. However, the company faced an operating loss of $(13.8) million, widening from $(5.9) million in the previous year. The guidance for Q2 2022 anticipates revenue between $54.0 million and $56.0 million, with a non-GAAP operating loss between $(1.5) million and $(2.5) million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.14%
Tags
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) has appointed Janet Schijns to its Board of Directors, bringing over 20 years of experience in channel program optimization from roles at Office Depot, Verizon, and Motorola. Her expertise is expected to enhance AvePoint's indirect sales strategy as the company focuses on global growth. CEO Dr. Tianyi Jiang expressed confidence in Schijns’ ability to contribute to the company's expansion. Schijns is also the CEO of JS Group and committed to women in technology.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.15%
Tags
management
-
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) will deliver its financial results for the first quarter ending March 31, 2022, after market close on May 12, 2022. A conference call, featuring CEO Dr. Tianyi Jiang and CFO Jim Caci, will occur at 4:30pm ET the same day to discuss the results and current business trends. A live webcast will be available on the Investor Relations section of AvePoint’s website, with a replay accessible for 90 days after the call.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.05%
Tags
-
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) has announced enhancements to its Cloud Records platform aimed at improving information lifecycle management and compliance. Key updates include improved search functionality using metadata, delegated administration for better data integrity, and extended support for managing content across various repositories like Microsoft 365. These enhancements aim to help organizations manage data more efficiently while adhering to regulatory standards. AvePoint's solutions are already being used by numerous organizations, including those in regulated sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
Tags
none
Rhea-AI Summary

AvePoint (NASDAQ: AVPT) reported strong financial results for Q4 and full year 2021, with total revenue reaching $191.9 million, up 27% from 2020. SaaS revenue grew by 64% to $85.6 million. Total ARR increased by 34% to $159.2 million, and the cloud user base surpassed 9 million. While fourth quarter gross profit rose to $38.9 million, the company faced an operating loss of $(7.7) million. Looking ahead, AvePoint expects Q1 2022 revenue of $48.0-$49.0 million, indicating approximately 25% growth, and 2022 total revenue guidance of $236.0-$242.0 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.86%
Tags
buyback earnings

FAQ

What is the current stock price of AvePoint (AVPT)?

The current stock price of AvePoint (AVPT) is $18.44 as of January 29, 2025.

What is the market cap of AvePoint (AVPT)?

The market cap of AvePoint (AVPT) is approximately 3.4B.

What does AvePoint, Inc. do?

AvePoint, Inc. provides solutions for enterprise collaboration and digital transformation, focusing on centralizing access and control of information assets across various collaboration and document management systems.

Where is AvePoint headquartered?

AvePoint is headquartered in Jersey City, New Jersey.

What is the AvePoint Confidence Platform?

The AvePoint Confidence Platform is a comprehensive suite of cloud-based solutions that enable IT operations, development operations, and cybersecurity professionals to monitor and secure digital workplaces using SaaS tools.

How many organizations use AvePoint's services?

AvePoint serves over 14,000 organizations and 3 million Office 365 users worldwide.

What recent advancements has AvePoint introduced?

AvePoint recently introduced Cloud Backup Express for secure Microsoft 365 data protection and the next-generation AvePoint Confide for secure external collaboration.

Which industries does AvePoint focus on?

AvePoint focuses on industries such as energy, utilities, financial services, healthcare, pharmaceuticals, and the public sector.

What certifications has AvePoint obtained?

AvePoint has obtained certifications like HITRUST CSF v11.0.1 and FedRAMP (moderate) Authorization for its products, validating its commitment to data security and compliance.

How does AvePoint help with AI implementation?

AvePoint aids in AI implementation by providing a strong data foundation and information management strategies, ensuring secure and efficient AI deployment.

What are some of AvePoint's key partnerships?

AvePoint has key partnerships with major technology companies like Microsoft, contributing to the development and enhancement of its solutions.

Where can I find more information about AvePoint?

More information about AvePoint can be found on their official website at www.avepoint.com.
AvePoint, Inc.

Nasdaq:AVPT

AVPT Rankings

AVPT Stock Data

3.44B
118.55M
36.78%
49.29%
3.48%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
JERSEY CITY