Why Software Company Cellebrite Shares Are Up Today
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2024
0mins
Should l Buy CLBT?
Source: Benzinga
- Financial Performance: Cellebrite DI Ltd. reported strong first-quarter FY24 results with revenue up 26% year-over-year to $89.6 million, surpassing expectations.
- Subscription Revenue Growth: Subscription revenue increased by 29% to $79.2 million in the quarter.
- Profitability Metrics: Adjusted gross profit was $76.8 million with a margin of 85.7%, and adjusted EBITDA surged to $17.6 million.
- Future Outlook: The company anticipates solid ARR and revenue expansion in the second quarter, aiming for revenue between $90 million-$94 million.
- Investor Information: Investors can access exposure to Cellebrite's stock through ARK Israel Innovative Technology ETF (IZRL), and CLBT shares were up 3.34% at $12.00.
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Analyst Views on CLBT
Wall Street analysts forecast CLBT stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.780
Low
23.00
Averages
24.83
High
28.00
Current: 13.780
Low
23.00
Averages
24.83
High
28.00
About CLBT
Cellebrite DI Ltd is an Israel-based company engaged primarily in the software sector. The Company is committed to providing a Digital Intelligence (DI) platform for managing DI in legally sanctioned investigations. The Company provides solutions for the public and private sectors, enabling organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. The Company's platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. The Company aims to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cellebrite Launches Spring 2026 Update Enhancing Digital Investigation Tools
- Expanded Device Support: Cellebrite's Spring 2026 update enhances access capabilities for a wider range of iOS and Android devices, including support for iPhone 17 and iOS 26, addressing the 75% of locked devices in North America, thereby improving digital forensic efficiency.
- New Safeguard Feature: The newly introduced Safeguard mode streamlines data capture processes, enabling clients to quickly secure critical information during time-sensitive investigations, further enhancing Cellebrite's competitiveness in the digital forensics sector.
- Drone Forensics Capability: Cellebrite now supports data extraction and analysis from various drone systems, allowing rapid access to flight logs and video data, which enhances the handling of drone-related cases and meets the growing market demand.
- Cloud Infrastructure Collaboration: The public preview of Corellium on Google Cloud reflects the increasing demand for Arm-based infrastructure, enabling automotive manufacturers to virtually test complex digital systems in the cloud, reducing development costs and accelerating market response times.
See More
Cellebrite Spring Launch: Multi-Cloud Expansion and Device Access
- Enhanced Device Access: Cellebrite's Spring 2026 launch expands access capabilities to a broader range of iOS and Android devices, including support for iPhone 17 and iOS 26, aimed at improving digital forensics efficiency to meet increasing market demands.
- New Data Protection Feature: The newly introduced Protection Mode is designed to optimize data capture and manage inactivity timers, ensuring rapid protection of critical information in high-stakes situations, thereby enhancing customer data security in complex environments.
- Drone Forensic Analysis: Cellebrite's new drone forensic capabilities allow for the extraction and analysis of critical data from various common drone systems, improving on-site data access convenience and meeting the law enforcement and security sectors' need for rapid data processing.
- Cloud Infrastructure Innovation: Corellium's public preview on Google Cloud enables automotive manufacturers to virtually test complex digital systems, reducing development and security validation costs while accelerating the iteration speed of automotive software.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access
- Expanded Device Access: Cellebrite's Spring 2026 release enhances access to a wide range of iOS and Android devices, including iPhone 17 and iOS 26, significantly improving digital forensics capabilities to meet increasingly complex investigative demands.
- Cloud Infrastructure Integration: Corellium is now available in public preview on Google Cloud, enabling users to test and validate automotive software in the cloud, reducing the complexity and costs associated with maintaining physical hardware, thus driving digital transformation in the automotive sector.
- New Feature Launch: The introduction of Safeguard Mode aims to streamline data collection processes, assisting users in quickly securing critical information during emergencies, thereby enhancing the efficiency and responsiveness of digital forensics.
- Drone Forensics Capability: Cellebrite's new drone forensics feature supports the extraction and analysis of data from various drones, enhancing the ability to handle drone data in modern investigations and meeting market demands for comprehensive forensic solutions.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access Capabilities
- Enhanced Device Access: Cellebrite's Spring 2026 Release expands access capabilities across a wider range of iOS and Android devices, including support for iPhone 17 and iOS 26, significantly improving the handling of locked devices in digital forensics labs, ensuring timely evidence retrieval in 75% of locked devices in North America.
- New Safeguard Mode Feature: The newly introduced Safeguard Mode is designed to streamline data capture and quickly secure time-sensitive information, enhancing customer data security in urgent situations and thereby strengthening Cellebrite's competitive position in the digital forensics market.
- Drone Forensics Technology: Cellebrite has launched drone forensics capabilities that enable the extraction and analysis of critical data from various unmanned aerial systems, including flight logs and videos, allowing forensic teams to rapidly access data on-site and improving overall forensic efficiency.
- Cloud Infrastructure Support: The public preview of Corellium on Google Cloud allows automakers to virtually test hardware in the cloud, reducing the complexity of maintaining physical infrastructure and empowering automotive software teams to identify vulnerabilities earlier in the development cycle.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access Capabilities
- Enhanced Device Access: Cellebrite's Spring 2026 Release expands support for a wide range of iOS and Android devices, including iPhone 17 and iOS 26, significantly improving access capabilities for locked devices in digital forensics labs, addressing the increasing market demand.
- New Feature Launch: The introduction of Safeguard Mode is designed to quickly capture essential information by addressing inactivity timers, thereby protecting critical evidence in time-sensitive situations and enhancing overall forensic efficiency.
- Drone Forensics Technology: Cellebrite now offers drone forensics solutions that enable the extraction and analysis of critical data from various unmanned aerial systems, including flight logs and videos, enhancing on-site data access capabilities and improving the comprehensiveness of investigations.
- Cloud Infrastructure Expansion: The public preview of Corellium on Google Cloud reflects the growing demand for Arm-based infrastructure, allowing automotive software teams to virtualize and test complete vehicle environments in the cloud, reducing the complexity of maintaining physical infrastructure.
See More
Cellebrite Launches AI-Powered Guardian Investigate
- AI-Driven Investigation Management: Cellebrite's Guardian Investigate leverages AI technology to significantly enhance investigation efficiency, enabling investigators to manage cases in real-time and quickly build stronger evidence packages, thereby accelerating the entire judicial process.
- Real-Time Collaboration Capability: The platform allows investigators from different departments and agencies to collaborate in real-time, breaking down information silos and ensuring rapid decision-making during critical moments, which enhances overall case handling efficiency.
- Digital Evidence Integration: Guardian Investigate can integrate digital evidence from multiple sources in real-time, assisting investigators in quickly identifying key evidence and connections in complex cases, optimizing investigation workflows, and reducing case processing times.
- Global Availability: Guardian Investigate is now available worldwide, with Cellebrite's technology supporting nearly 3 million investigations annually, helping over 7,000 clients effectively address various criminal cases while ensuring compliance and data security.
See More
Cellebrite Launches Spring 2026 Update Enhancing Digital Investigation Tools
- Expanded Device Support: Cellebrite's Spring 2026 update enhances access capabilities for a wider range of iOS and Android devices, including support for iPhone 17 and iOS 26, addressing the 75% of locked devices in North America, thereby improving digital forensic efficiency.
- New Safeguard Feature: The newly introduced Safeguard mode streamlines data capture processes, enabling clients to quickly secure critical information during time-sensitive investigations, further enhancing Cellebrite's competitiveness in the digital forensics sector.
- Drone Forensics Capability: Cellebrite now supports data extraction and analysis from various drone systems, allowing rapid access to flight logs and video data, which enhances the handling of drone-related cases and meets the growing market demand.
- Cloud Infrastructure Collaboration: The public preview of Corellium on Google Cloud reflects the increasing demand for Arm-based infrastructure, enabling automotive manufacturers to virtually test complex digital systems in the cloud, reducing development costs and accelerating market response times.
See More
Cellebrite Spring Launch: Multi-Cloud Expansion and Device Access
- Enhanced Device Access: Cellebrite's Spring 2026 launch expands access capabilities to a broader range of iOS and Android devices, including support for iPhone 17 and iOS 26, aimed at improving digital forensics efficiency to meet increasing market demands.
- New Data Protection Feature: The newly introduced Protection Mode is designed to optimize data capture and manage inactivity timers, ensuring rapid protection of critical information in high-stakes situations, thereby enhancing customer data security in complex environments.
- Drone Forensic Analysis: Cellebrite's new drone forensic capabilities allow for the extraction and analysis of critical data from various common drone systems, improving on-site data access convenience and meeting the law enforcement and security sectors' need for rapid data processing.
- Cloud Infrastructure Innovation: Corellium's public preview on Google Cloud enables automotive manufacturers to virtually test complex digital systems, reducing development and security validation costs while accelerating the iteration speed of automotive software.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access
- Expanded Device Access: Cellebrite's Spring 2026 release enhances access to a wide range of iOS and Android devices, including iPhone 17 and iOS 26, significantly improving digital forensics capabilities to meet increasingly complex investigative demands.
- Cloud Infrastructure Integration: Corellium is now available in public preview on Google Cloud, enabling users to test and validate automotive software in the cloud, reducing the complexity and costs associated with maintaining physical hardware, thus driving digital transformation in the automotive sector.
- New Feature Launch: The introduction of Safeguard Mode aims to streamline data collection processes, assisting users in quickly securing critical information during emergencies, thereby enhancing the efficiency and responsiveness of digital forensics.
- Drone Forensics Capability: Cellebrite's new drone forensics feature supports the extraction and analysis of data from various drones, enhancing the ability to handle drone data in modern investigations and meeting market demands for comprehensive forensic solutions.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access Capabilities
- Enhanced Device Access: Cellebrite's Spring 2026 Release expands access capabilities across a wider range of iOS and Android devices, including support for iPhone 17 and iOS 26, significantly improving the handling of locked devices in digital forensics labs, ensuring timely evidence retrieval in 75% of locked devices in North America.
- New Safeguard Mode Feature: The newly introduced Safeguard Mode is designed to streamline data capture and quickly secure time-sensitive information, enhancing customer data security in urgent situations and thereby strengthening Cellebrite's competitive position in the digital forensics market.
- Drone Forensics Technology: Cellebrite has launched drone forensics capabilities that enable the extraction and analysis of critical data from various unmanned aerial systems, including flight logs and videos, allowing forensic teams to rapidly access data on-site and improving overall forensic efficiency.
- Cloud Infrastructure Support: The public preview of Corellium on Google Cloud allows automakers to virtually test hardware in the cloud, reducing the complexity of maintaining physical infrastructure and empowering automotive software teams to identify vulnerabilities earlier in the development cycle.
See More
Cellebrite Launches Spring 2026 Release, Expanding Device Access Capabilities
- Enhanced Device Access: Cellebrite's Spring 2026 Release expands support for a wide range of iOS and Android devices, including iPhone 17 and iOS 26, significantly improving access capabilities for locked devices in digital forensics labs, addressing the increasing market demand.
- New Feature Launch: The introduction of Safeguard Mode is designed to quickly capture essential information by addressing inactivity timers, thereby protecting critical evidence in time-sensitive situations and enhancing overall forensic efficiency.
- Drone Forensics Technology: Cellebrite now offers drone forensics solutions that enable the extraction and analysis of critical data from various unmanned aerial systems, including flight logs and videos, enhancing on-site data access capabilities and improving the comprehensiveness of investigations.
- Cloud Infrastructure Expansion: The public preview of Corellium on Google Cloud reflects the growing demand for Arm-based infrastructure, allowing automotive software teams to virtualize and test complete vehicle environments in the cloud, reducing the complexity of maintaining physical infrastructure.
See More
Cellebrite Launches AI-Powered Guardian Investigate
- AI-Driven Investigation Management: Cellebrite's Guardian Investigate leverages AI technology to significantly enhance investigation efficiency, enabling investigators to manage cases in real-time and quickly build stronger evidence packages, thereby accelerating the entire judicial process.
- Real-Time Collaboration Capability: The platform allows investigators from different departments and agencies to collaborate in real-time, breaking down information silos and ensuring rapid decision-making during critical moments, which enhances overall case handling efficiency.
- Digital Evidence Integration: Guardian Investigate can integrate digital evidence from multiple sources in real-time, assisting investigators in quickly identifying key evidence and connections in complex cases, optimizing investigation workflows, and reducing case processing times.
- Global Availability: Guardian Investigate is now available worldwide, with Cellebrite's technology supporting nearly 3 million investigations annually, helping over 7,000 clients effectively address various criminal cases while ensuring compliance and data security.
See More
