Zacks: Brokerages Anticipate N-able, Inc. (NYSE:NABL) Will Announce Quarterly Sales of $90.36 Million

Equities analysts expect N-able, Inc. (NYSE:NABLGet Rating) to report $90.36 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for N-able’s earnings, with the highest sales estimate coming in at $90.40 million and the lowest estimate coming in at $90.32 million. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that N-able will report full-year sales of $385.92 million for the current year, with estimates ranging from $385.70 million to $386.14 million. For the next year, analysts forecast that the business will post sales of $440.72 million, with estimates ranging from $438.43 million to $443.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow N-able.

N-able (NYSE:NABLGet Rating) last posted its earnings results on Thursday, February 24th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $89.50 million for the quarter, compared to analysts’ expectations of $89.06 million. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.

A number of equities research analysts have weighed in on NABL shares. Zacks Investment Research raised shares of N-able from a “sell” rating to a “hold” rating in a report on Friday, March 25th. Needham & Company LLC reduced their target price on shares of N-able from $17.00 to $13.50 and set a “buy” rating on the stock in a report on Wednesday, December 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $16.30.

Several hedge funds and other institutional investors have recently modified their holdings of NABL. Harel Insurance Investments & Financial Services Ltd. bought a new position in N-able during the third quarter worth $29,000. Citigroup Inc. acquired a new stake in shares of N-able in the 3rd quarter valued at about $70,000. Shell Asset Management Co. bought a new stake in N-able in the 3rd quarter valued at about $72,000. UBS Group AG bought a new stake in N-able in the 3rd quarter valued at about $104,000. Finally, Los Angeles Capital Management LLC bought a new stake in N-able in the 3rd quarter valued at about $131,000.

NABL traded down $0.28 during trading on Tuesday, reaching $10.05. 242,107 shares of the company’s stock were exchanged, compared to its average volume of 801,552. N-able has a one year low of $8.70 and a one year high of $16.00. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $11.29.

N-able Company Profile (Get Rating)

N-able, Inc provides cloud-based software solutions for managed service providers (MSPs) in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.

Read More

Get a free copy of the Zacks research report on N-able (NABL)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for N-able Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for N-able and related companies with's FREE daily email newsletter.