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N-able, Inc. - NABL STOCK NEWS

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

N-able, Inc. (Symbol: NABL) is a leading global provider of comprehensive IT management, automation, and MSP (Managed Service Provider) business transformation solutions. With its flagship product, the award-winning SolarWinds® N-able N-central®, the company offers an exceptional RMM (Remote Monitoring and Management) and MSP service automation platform that helps MSPs achieve true scalability by standardizing and automating the setup and delivery of IT services.

N-able's platform is supported by extensive business enablement services, ensuring MSPs can deliver scalable, flexible, and profitable managed services to over 100,000 small and medium-sized businesses (SMBs) worldwide. The company’s solutions are utilized by thousands of MSPs globally, underscoring its significant impact on the IT services management industry.

Headquartered in North America, with additional offices in the Netherlands and Australia, N-able is 100% channel-friendly and has strategic partnerships with industry giants such as Microsoft®, Intel®, IBM®, and Cisco®. These partnerships help bolster its credibility and enhance its technological offerings. N-able Inc. focuses on providing cloud-based software solutions that enable MSPs to support digital transformation and growth for SMBs through monitoring, managing, and protecting their end-customer systems, data, and networks.

Recent achievements of the company include a growing portfolio of management, security, automation, and data protection solutions that cater specifically to IT services management professionals. The majority of N-able's revenue comes from the United States, but it also maintains a significant presence in the United Kingdom and other international regions.

In the latest company news, N-able's former North American MSP channel head, Marco La Vecchia, was appointed Chief Revenue Officer (CRO) at Produce8, a digital work analytics platform. This move highlights N-able's influence in the MSP sector and its role in nurturing top industry talent. La Vecchia's departure to Produce8, which has seen rapid adoption by leading providers, signifies the ongoing evolution and expansion within the industry.

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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.

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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.

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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).

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N-able, Inc. announces a new episode of TAP Tank focused on cybersecurity featuring inSOC, SecurityScorecard, and Vonahi Security. The episode will air live online on October 27 at 10 AM ET.
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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.

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N-able, Inc. (NYSE:NABL) reported robust second-quarter results for the period ending June 30, 2021, post-spin-off from SolarWinds. Total revenue reached $85.3 million, reflecting a 16% year-over-year growth, with subscription revenue at $82.8 million and a GAAP gross margin of 85%. Adjusted EBITDA stood at $28.2 million, marking a 33% margin. Key developments include partnerships with technology leaders and the launch of MarketBuilder to aid MSPs in marketing. The company maintains a strong cash position of $50 million against total debt of $350 million.

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SolarWinds Corporation (NYSE: SWI) has completed the spin-off of its managed service provider (MSP) business, now operating as a standalone company named N-able, Inc. (NYSE: NABL) as of July 19, 2021. SolarWinds will focus on its Core IT Management business, while N-able will offer cloud-based solutions for MSPs aimed at enhancing digital transformation for small and medium enterprises. Shareholders of SolarWinds received one share of N-able stock for every two shares they held as of July 12, 2021.

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FAQ

What is the current stock price of N-able (NABL)?

The current stock price of N-able (NABL) is $12.465 as of November 5, 2024.

What is the market cap of N-able (NABL)?

The market cap of N-able (NABL) is approximately 2.3B.

What does N-able, Inc. do?

N-able, Inc. provides IT management, automation, and MSP business transformation solutions through products like the SolarWinds® N-able N-central® platform.

What is the N-central platform?

The N-central platform is an award-winning RMM and MSP service automation platform that helps MSPs standardize and automate IT service delivery.

What are some recent achievements of N-able, Inc.?

Recent achievements include a growing portfolio of management, security, automation, and data protection solutions tailored for IT service management professionals.

Who are N-able's strategic partners?

N-able has strategic partnerships with major tech companies like Microsoft®, Intel®, IBM®, and Cisco®.

Where is N-able headquartered?

N-able is headquartered in North America with additional offices in the Netherlands and Australia.

What is N-able's primary source of revenue?

The majority of N-able's revenue comes from the United States, but it also has a presence in the United Kingdom and other international regions.

How many SMBs do N-able's solutions serve?

N-able's solutions are used to deliver managed services to over 100,000 SMBs worldwide.

What is the significance of N-able being 100% channel-friendly?

Being 100% channel-friendly means N-able works exclusively through partners, ensuring strong industry relationships and support for MSPs.

How does N-able support digital transformation?

N-able provides cloud-based software solutions that enable MSPs to monitor, manage, and protect end-customer systems, data, and networks, facilitating digital transformation.

What recent executive move involved N-able's talent?

Marco La Vecchia, former North American MSP channel head at N-able, was appointed Chief Revenue Officer at Produce8, highlighting N-able's influential industry presence.

N-able, Inc.

NYSE:NABL

NABL Rankings

NABL Stock Data

2.31B
185.29M
1.2%
97.05%
0.5%
Information Technology Services
Services-prepackaged Software
Link
United States of America
WILMINGTON