N-able (NABL) Set to Announce Quarterly Earnings on Thursday

N-able (NYSE:NABLGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. N-able has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

N-able (NYSE:NABLGet Rating) last posted its earnings results on Thursday, February 24th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $89.50 million during the quarter, compared to the consensus estimate of $89.06 million. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NABL opened at $10.59 on Thursday. The business’s 50-day moving average is $9.99 and its two-hundred day moving average is $11.03. N-able has a 1 year low of $8.70 and a 1 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.

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG acquired a new stake in shares of N-able during the third quarter worth about $104,000. Bank of America Corp DE lifted its holdings in shares of N-able by 67.7% during the fourth quarter. Bank of America Corp DE now owns 12,199 shares of the company’s stock worth $135,000 after purchasing an additional 4,923 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of N-able by 5.6% during the fourth quarter. Alliancebernstein L.P. now owns 22,111 shares of the company’s stock worth $245,000 after purchasing an additional 1,171 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of N-able by 79.8% during the fourth quarter. Squarepoint Ops LLC now owns 24,701 shares of the company’s stock worth $274,000 after purchasing an additional 10,964 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of N-able by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 38,445 shares of the company’s stock worth $426,000 after purchasing an additional 3,616 shares during the period.

Separately, Zacks Investment Research upgraded N-able from a “sell” rating to a “hold” rating in a research note on Friday, March 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $16.30.

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.

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