KnowBe4 reports strong Q3 earnings, beats estimates by $0.04

Trending News ☀️

KNOWBE4 ($NASDAQ:KNBE): KnowBe4 is a provider of security awareness training and simulated phishing platforms. Revenue of $85.84M was in line with the estimates. The company attributed the strong results to an increase in demand for its products as organizations seek to improve their cybersecurity posture in the face of increased cyber threats. Looking ahead, the company expects to continue to benefit from the trends of increased awareness of cybersecurity threats and the need for organizations to train their employees to be more vigilant.

Earnings

KnowBe4, a leading provider of security awareness training and simulated phishing attacks, reported strong Q3 earnings. The company beat estimates by $0.04, with total revenue of $289.2 million and net income of $7.5 million. Compared to the previous year, total revenue increased by 17.4%, while net income decreased by 163.6%.

However, over the last three years, KnowBe4’s total revenue has more than doubled, from $174.9 million to $289.2 million. The company attributes its success to its focus on helping organizations train their employees to identify and avoid phishing attacks. KnowBe4 also offers a variety of other security awareness and compliance solutions.

About the Company

Price History

KNOWBE4, a provider of cybersecurity awareness training and simulated phishing tools, announced strong Q3 earnings on Monday, beating estimates by $0.04. The company’s stock opened at $24.6 and closed at $24.6 on the news. The company attributed its strong earnings to growing demand for its services, which help organizations train their employees to spot and avoid phishing attacks. Looking ahead, KNOWBE4 is well-positioned to continue its growth trajectory, thanks to the continued rise of phishing attacks and the growing awareness of the importance of cybersecurity training. Live Quote…

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to assess a company’s fundamentals. Based on the VI Star Chart, KNOWBE4 is classified as a ‘gorilla’. This means that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. What type of investors may be interested in such a company? Growth investors may be attracted to the company’s strong growth prospects. Value investors may be attracted to the company’s high profitability. Dividend investors may be attracted to the company’s dividend yield. KNOWBE4 has a high health score of 10/10 with regard to its cashflows and debt. This indicates that it is capable of paying off its debt and funding future operations. More…

VI Peers

The competition between KnowBe4 Inc and its competitors is fierce. Each company is vying for market share in the cyber security training and awareness space. KnowBe4 Inc has a strong product offering and is well-positioned to continue gaining market share.

– Cyan AG ($OTCPK:CCYNF)

Cyan AG is a leading provider of digital printing solutions. The company has a market cap of 27.81M as of 2022 and a Return on Equity of -15.54%. Cyan AG develops, manufactures and sells a range of digital printing solutions for the graphic arts, commercial and industrial printing markets. The company’s products include inkjet printers, inks and media. Cyan AG is headquartered in Germany and has a global presence.

– Qualys Inc ($NASDAQ:QLYS)

Qualys Inc is a publicly traded company with a market cap of 5.12B as of 2022. The company has a return on equity of 24.67%. Qualys Inc is a provider of cloud security and compliance solutions. The company’s solutions enable organizations to identify, assess, and mitigate cybersecurity risks across their digital transformation initiatives. Qualys’ solutions are delivered through a software-as-a-service (SaaS) platform and are used by more than 11,000 customers in more than 130 countries, including a majority of the Fortune 500.

– CYREN Ltd ($NASDAQ:CYRN)

Cyren is a company that provides cybersecurity solutions. The company has a market capitalization of $8.19 million and a negative return on equity of 120.74%. The company’s products and services are designed to protect users from online threats such as malware, phishing, and other cyber attacks. Cyren also offers a variety of other security-related services, such as email filtering and web security.

Summary

Investing in KNOWBE4 can be a great way to get exposure to the cybersecurity industry. KNOWBE4 specializes in providing security awareness training and simulated phishing attacks. The company has seen strong growth in recent years, and its products are well-regarded by analysts. There are a few things to consider before investing in KNOWBE4.

First, the company is not profitable yet, so investors should be comfortable with that. Second, the cybersecurity industry is highly competitive, so KNOWBE4 will need to continue to innovate to stay ahead of the curve. Overall, though, KNOWBE4 is a strong company in a growing industry, and it could be a great addition to any investor’s portfolio.