Absolute Software Corp T.ABST

Second Quarter Fiscal 2022 Financial Results

[Betteryear2]

February 08, 2022 04:15 PM Eastern Standard Time

VANCOUVER, British Columbia & SAN JOSE, Calif.--(BUSINESS WIRE)--Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST) (the “Company”), a leader in self-healing Zero Trust solutions, today announced its financial results for its second quarter fiscal 2022 ended December 31, 2021. All dollar figures are stated in U.S. dollars, unless otherwise indicated.

“Our results this quarter, and our overall first half performance, demonstrate steady, consistent growth as we see strong demand for both our resilient endpoint and secure access platforms,” said Christy Wyatt, Absolute Software’s President and CEO. “As the global shift to hybrid and remote work continues, more companies are migrating to endpoint-centric security strategies that include zero trust. We are well-positioned to continue to deliver profitable growth as the only endpoint security solution embedded into the firmware of over a half a billion devices, capable of enabling a highly optimized user experience.”

https://www.businesswire.com/news/home/20220208006117/en/

 

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  TD Securities Upgrades Absolute Software to Buy, Raises Price Target to $13

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endations for Thursday, February 10 Absolute Software (TSE:ABST) had its price target lowered by analysts at BMO Capital Markets from C$18.50 to C$14.00.This represents a 18.4% upside from the current price of C$11.82.