N-able, Inc. - NABL STOCK NEWS

N-able, Inc. (NYSE:NABL) will report its fourth-quarter financial results on February 24, 2022, at 8:30 a.m. ET. A live conference call will be available for investors, along with a webcast on the company's Investor Relations website. N-able plans to participate in upcoming investor conferences, including the Berenberg Thematic Software Conference on March 2 and the William Blair Tech Innovators Conference on March 15. This follows their strategy to empower managed services providers through a flexible technology platform aimed at navigating digital evolution.

N-able (NYSE: NABL) has announced significant growth in its Technology Alliance Program (TAP), adding over 25 partners in 2021, with a focus on security solutions. The collaboration includes major tech firms like Cisco and Sophos, bringing the total partners to 65. This initiative aligns with IDC’s prediction of increased industry collaboration by 2023. The program aims to empower managed services providers (MSPs) with essential tools and training, enhancing their service offerings to clients.

N-able (NYSE: NABL) has appointed Chris Groot as General Manager and Stefan Voss as VP of Product Management to enhance its data protection services. These leadership changes aim to bolster N-able's strategy in the rapidly expanding Data Protection-as-a-Service (DPaaS) market, projected to grow from $7.7B in 2020 to $15.3B by 2024. The company emphasizes a cloud-first approach, providing streamlined backup solutions that simplify data protection for managed services providers (MSPs) while aiming to reduce downtime and costs for customers.

N-able has appointed Charles Mangin as the new Head Mac Nerd, enhancing support for managed services providers (MSPs) managing Mac devices. With over two decades of experience, Mangin will help address security vulnerabilities associated with unmanaged Macs. N-able's Head Nerds program, which includes experts in various tech fields, has significantly improved partner engagement, welcoming over 7,500 partners in 2021 alone. The initiative supports MSPs through education and resources, contributing to their business growth and success in a rapidly evolving digital landscape.

N-able, Inc. (NYSE:NABL) reported a strong third quarter, with total revenue reaching $88.4 million, reflecting a 16% year-over-year growth. Subscription revenue increased 17% to $86.1 million, bolstered by a 110% dollar-based net retention rate and a 25% rise in large customers contributing $50K ARR or more. The company achieved a GAAP net income of $1.9 million ($0.01 per share) and a non-GAAP net income of $17.2 million ($0.10 per share). N-able's cash and equivalents stood at $61.6 million, with total debt at $339.3 million.

N-able, Inc. (NYSE: NABL) has expanded its board by appointing Ann Johnson, Microsoft’s corporate vice president of security, compliance, and identity, as a director. A new cybersecurity committee has also been formed, aiming to enhance the company’s focus on protecting partners and mitigating cybersecurity risks. Johnson joins current directors Darryl Lewis and Cam McMartin on the committee. The board, led by chair William Bock, emphasizes a commitment to higher standards in cybersecurity. This strategic move is part of N-able’s ongoing evolution to empower managed services providers (MSPs).

N-able, Inc. (NYSE:NABL) will announce its third quarter financial results on November 9, 2021, at 8:30 a.m. ET. The company will also host a conference call on the same date to discuss the results, accessible via dial-in and live webcast on their Investor Relations website. Following this, N-able executives will participate in several investor conferences, including the Berenberg US CEO Conference on November 10 and the RBC Capital Markets Global Technology Conference on November 17.