N-able, Inc. - NABL STOCK NEWS

N-able, Inc. (NYSE:NABL), a leading global software company, is set to host a conference call on May 10, 2023, at 8:30 a.m. ET, to discuss its first quarter financial results. The earnings release will be issued prior to the call, highlighting key metrics. Investors can access a live webcast on the company's Investor Relations website, with a replay available shortly after. N-able specializes in providing IT services providers with solutions for remote monitoring, management, data protection, and security, emphasizing a scalable platform to support diverse IT ecosystems.

N-able, a global software company, has appointed Frank Colletti, EVP of Worldwide Sales, to the EMEA Vendor Advisory Council (VAC) of the Global Technology Distribution Council (GTDC). The GTDC represents leading technology distributors globally, facilitating approximately $150B in annual sales. Colletti aims to enhance partnerships with Managed Service Providers (MSPs) and distributors, emphasizing the importance of collaboration amidst industry challenges. N-able's strong distribution network of over 80 partners is integral to its growth strategy. The GTDC EMEA Summit is scheduled for June 13-14 in the Netherlands.

N-able, Inc. (NYSE:NABL), a software firm, forecasts a revenue growth of 10% to 11% for full-year 2023, boosted by a 7% subscription revenue increase in Q4 2022. Total revenue reached $95.8 million in Q4, reflecting a 7% year-over-year growth. The company's adjusted EBITDA margin for the fourth quarter was 32.6%, with total revenue for the year at $371.8 million, also a 7% growth. N-able emphasizes its resilience in the market and plans to enhance offerings further, capitalizing on its position within the managed service provider (MSP) sector. With a strong cash balance of $98.8 million, N-able is poised for strategic investments in 2023.

N-able will host five live events in partnership with SentinelOne from March 2 to March 16, spanning New York, London, Amsterdam, Johannesburg, and Cape Town. The events aim to provide partners with updates on security features, partner resources, and a session with a cyber insurance underwriter covering essential requirements for MSP businesses. Participants will also engage in peer-sharing discussions about transitioning to SentinelOne’s services. This roadshow enhances partner engagement and addresses significant cybersecurity trends, particularly amidst increasing ransomware attacks.

N-able has introduced Managed Endpoint Detection and Response (Managed EDR), a service designed to assist Managed Service Providers (MSPs) with threat monitoring and response. This offering leverages SentinelOne's 24/7 security operations center to enhance existing security measures for MSPs using N-able’s Endpoint Detection and Response technology. The launch addresses the growing global security workforce gap, estimated to require an additional 3.4 million cybersecurity professionals. Managed EDR enables MSPs to allocate resources efficiently, thereby focusing on strategic initiatives while improving protection against cyber threats.

N-able, Inc. (NYSE: NABL) will host its Empower conference at the Prague Congress Centre from May 9-11. The event aims to facilitate networking and provide over 30 hours of educational content focused on assisting Managed Service Providers (MSPs) in scaling their businesses. Attendees will benefit from a keynote by cybersecurity expert Keren Elazari and access to N-able executives for key insights on business strategies and partner initiatives. This conference is a continuation of N-able's commitment to empower MSPs to manage their cloud journey effectively.