Blackbaud ($NASDAQ:BLKB), a cloud software company, is facing financial fallout from a 2020 data breach. The breach, which exposed sensitive data from Blackbaud’s nonprofit customers, has caused the company’s expenses to build up significantly. To address this breach, Blackbaud has devoted substantial resources to investigate and remediate the incident, including significant IT security and forensic expenses.
In addition, the company has invested in new technology, processes, and personnel to ensure the security and privacy of its customers’ data. Blackbaud is a publicly traded company on the NASDAQ stock exchange. It provides cloud-based software solutions for nonprofits, educational institutions, healthcare organizations, and other industries. Its portfolio includes fundraising, financial management, learning management, and analytics solutions.
On Monday, BLACKBAUD Inc. saw its stock open and close at $74.0, a 0.5% increase from the prior closing price of 73.6. This slight gain came amid news of a data breach the company experienced earlier this year in May 2020. The data breach saw attackers gain access to several of BLACKBAUD’s customers’ data, including personal information such as names, dates of birth, and contact information.
As a result of the incident, BLACKBAUD is now facing a potential financial fallout from the breach, due to the cost of investigating and remediating the breach, as well as any potential legal costs. It remains to be seen how BLACKBAUD will fare in the aftermath of the breach, but it certainly appears that the company is taking steps to ensure that such a breach does not happen again in the future. Blackbaud_Facing_Financial_Fallout_from_2020_Data_Breach”>Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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At GoodWhale, we provide comprehensive analysis of BLACKBAUD’s fundamentals to help investors make informed decisions. After a detailed assessment, we’ve determined that BLACKBAUD is a medium risk investment in terms of its financial and business aspects. We’ve identified at least one risk warning in its balance sheet, so please register with us to check it out. Our comprehensive analysis will help you make the best decision for your portfolio. Blackbaud_Facing_Financial_Fallout_from_2020_Data_Breach”>More…
Risk Rating Analysis
Star Chart Analysis
Blackbaud works with more than 40,000 organizations, including nonprofits, K-12 schools, higher education institutions, and healthcare organizations. Blackbaud’s solutions enable organizations to increase donations, manage events, track progress, and much more. Blackbaud’s main competitors are ReadyTech Holdings Ltd, PowerSchool Holdings Inc, and Shenzhen Kingsun Science and Technology Co Ltd. These companies offer similar solutions and compete for the same market share.
– ReadyTech Holdings Ltd ($ASX:RDY)
WriteTech Holdings Ltd is a publicly traded company with a market capitalization of 452.71M as of 2022. The company has a return on equity of 8.16%. WriteTech Holdings Ltd is a provider of enterprise software solutions. The company’s products are designed to help organizations manage their business operations more effectively.
– PowerSchool Holdings Inc ($NYSE:PWSC)
PowerSchool Holdings Inc is a software company that provides educational software solutions to schools and school districts. The company has a market cap of 3.98B as of 2022 and a Return on Equity of -0.38%. PowerSchool’s software solutions are used by educators to manage student data, assess student progress, and engage with students and families.
– Shenzhen Kingsun Science and Technology Co Ltd ($SZSE:300235)
Shenzhen Kingsun Science and Technology Co Ltd is a publicly traded company with a market capitalization of 1.8 billion as of 2022. The company’s return on equity is 3.09%. Shenzhen Kingsun Science and Technology Co Ltd is engaged in the business of research, development, production and sales of LED products.
Blackbaud is a leading cloud software company that provides technology solutions for the nonprofit, education, and healthcare communities. Recently, the company has experienced a data breach that resulted in high bills in 2020. When it comes to investing analysis, investors should consider Blackbaud’s long-term track record of providing innovative solutions and its commitment to data security. Additionally, the company has strong financials and a healthy balance sheet with cash and total assets equal to debt.