Welcome to our dedicated page for KNBE news (Ticker: KNBE), a resource for investors and traders seeking the latest updates and insights on KNBE stock.
KnowBe4 is a leading provider of security awareness training and simulated phishing platforms, serving approximately 60,000 organizations worldwide. Founded by IT and data security expert Stu Sjouwerman, the company focuses on addressing the human element of cybersecurity. KnowBe4’s innovative approach helps organizations raise awareness about threats like ransomware, CEO fraud, and social engineering tactics.
Tens of thousands of organizations globally rely on KnowBe4 to mobilize their end-users as the last line of defense against cyber threats. The company’s training programs are designed based on the expertise of well-known cybersecurity specialists, including the late Kevin Mitnick, KnowBe4's Chief Hacking Officer.
One of KnowBe4's latest achievements is the launch of PhishER Plus, a product that leverages a global user base trained to identify and report phishing attacks. This advanced tool includes exclusive features like the Global Blocklist and Global PhishRIP, which work to block and remove phishing emails before they reach users' inboxes.
The Global Blocklist compiles validated threats from over ten million trained users, automatically blocking new phishing attempts. The Global PhishRIP feature quarantines confirmed phishing threats, removing them even before they are reported within an organization.
KnowBe4 is also an active participant in National Cybersecurity Awareness Month (NCSAM), providing resources like awareness posters, cybersecurity tips, and on-demand webinars. These resources aim to build a solid foundation of cybersecurity practices both for individuals and businesses, focusing on key behaviors such as multi-factor authentication and recognizing phishing attempts.
The company continues to innovate and provide invaluable tools and training to help organizations enhance their cybersecurity posture, promoting a culture of security awareness and safe online practices.
KnowBe4 Launches Updated Automated Security Awareness Program
On August 17, 2021, KnowBe4 (NASDAQ: KNBE) announced the launch of its refreshed Automated Security Awareness Program (ASAP) 2.0. This updated tool simplifies the process for IT admins to establish effective security awareness training programs. ASAP now supports six new languages, enhancing accessibility for a global audience. With an improved user interface, it automates program creation and task scheduling, making it easier for organizations to implement comprehensive training swiftly.
KnowBe4, Inc. (Nasdaq: KNBE) announced the closing of its underwritten public offering of 11,995,546 shares of Class A common stock at $20.75 per share. This offering was upsized from an initial size of 8,719,740 shares, including the full exercise of the underwriters' option to purchase an additional 1,564,636 shares. Importantly, KnowBe4 will not receive any proceeds from the sale. The offering was led by Morgan Stanley, Goldman Sachs, BofA Securities, and KKR Capital Markets.
KnowBe4 (NASDAQ: KNBE) has announced the pricing of its public offering of 10,430,910 shares of Class A common stock at $20.75 per share, up from an earlier announced size of 8,719,740 shares. This offering, set to close on August 16, 2021, has an additional 30-day option for underwriters to purchase up to 1,564,636 shares. The company will not receive proceeds from this sale. Major underwriters include Morgan Stanley, Goldman Sachs, and BofA Securities. The registration statement was declared effective on August 11, 2021.
KnowBe4, Inc. (NASDAQ: KNBE) has initiated a follow-on public offering of 8,719,740 shares of Class A common stock. The offering comes from existing stockholders, with an additional 1,307,961 shares available for underwriters. Notably, KnowBe4 will not receive any proceeds from this sale. Major financial institutions including Morgan Stanley and Goldman Sachs are leading the offering, which is pending SEC registration. The company's mission focuses on enhancing security awareness training and phishing simulation services.
KnowBe4 (NASDAQ: KNBE) announced a partial early release of lock-up restrictions on its Class A common stock, effective August 9, 2021. This release will allow 15% of the shares, amounting to approximately 17.6 million shares, to become eligible for trading, subject to various conditions. Of these, it's estimated that around 13.5 million shares will be held by affiliates. The remaining shares will continue to be under lock-up. The company emphasizes that forward-looking statements contain several risks and uncertainties, including impacts from the COVID-19 pandemic and rapid growth challenges.
KnowBe4 (NASDAQ: KNBE) announced that the lock-up restrictions on its Class A common stock will end for 15% of shares if its stock exceeds $21.28 for 10 consecutive days after July 20, 2021. This early release could make approximately 17.6 million shares eligible for sale, with around 13.5 million owned by affiliates, starting August 5, 2021. Additionally, on August 19, 2021, another 141 million shares will become eligible, of which about 84 million are held by affiliates. The company cautions on market risks and uncertainties affecting future performance.
KnowBe4 (NASDAQ: KNBE) reported a 43% increase in GAAP revenue for Q2 2021, totaling $59.4 million. Annual recurring revenue rose 42.4% to $240.6 million, with the customer base exceeding 41,000. Cash flow from operations reached $14.1 million. The launch of their new product, Compliance Plus, aims to penetrate the compliance market. The company anticipates Q3 2021 revenue between $60.5 - $61.5 million and projects annual revenue of $237.5 - $239.5 million.
KnowBe4 (NASDAQ: KNBE) is set to announce its second-quarter financial results on August 2, 2021, before market opening. A conference call and webcast will follow at 8:30 am ET to discuss these results. Investors can access the news release and the webcast on the Investor Relations website. KnowBe4 provides the world's largest security awareness training and simulated phishing platform, utilized by over 39,000 organizations globally.
FAQ
What is the market cap of KNBE (KNBE)?
What is KnowBe4?
Who founded KnowBe4?
What is PhishER Plus?
How does the Global Blocklist work?
What is the Global PhishRIP feature?
How many organizations use KnowBe4?
What role did Kevin Mitnick play in KnowBe4?
What resources does KnowBe4 offer for NCSAM?
What is the goal of KnowBe4's training programs?
How does KnowBe4 help organizations?
