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 (NABL) delivers cloud-based IT management solutions empowering managed service providers (MSPs) worldwide. This news hub provides investors and technology professionals with timely updates on corporate developments, financial performance, and product innovations shaping the MSP software sector.
Access official press releases and curated analysis covering earnings reports, strategic partnerships, and technology advancements in IT automation and cybersecurity. Our repository simplifies tracking regulatory filings, leadership changes, and market expansion initiatives critical for assessing N-Able's position in the competitive MSP tools landscape.
Key updates include product launch announcements, service enhancements for remote monitoring tools, and cybersecurity platform upgrades. Content is organized to highlight operational milestones and financial metrics relevant to SaaS business models while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to N-Able's evolving role in digital transformation through RMM (remote monitoring and management) solutions and PSA (professional services automation) integrations. Check regularly for verified updates that matter to stakeholders in the MSP ecosystem.
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.
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.
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.
SolarWinds Corporation (NYSE:SWI) and N-able, Inc. (NYSE:NABL) announced preliminary financial results for Q2 2021. SolarWinds expects total revenue between $260.8 million to $262.0 million, reflecting a 6% year-over-year growth and a net loss of $10.4 million to $11.3 million. Core IT Management revenue is projected to be $176.0 million to $177.0 million, marking a 2% increase. N-able anticipates revenue in the range of $84.8 million to $85.0 million, representing 16% year-over-year growth.
SolarWinds Corporation (NYSE:SWI) and N-able, Inc. (NYSE:NABL) announced a private placement financing transaction, where N-able will raise approximately $225 million by issuing 20,623,282 shares at $10.91 per share. The placement, led by Canada Pension Plan Investment Board, is scheduled to close on July 19, 2021. Net proceeds, estimated at $216 million, will be distributed to SolarWinds and are intended to either benefit stockholders or reduce existing debt. Notably, this transaction is exempt from registration under the Securities Act.
