N-able (NYSE:NABL – Get Rating) released its earnings results on Thursday. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02, MarketWatch Earnings reports. The company had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $90.29 million. N-able’s quarterly revenue was up 9.3% compared to the same quarter last year. N-able updated its FY 2022 guidance to EPS and its Q2 2022 guidance to EPS.
NYSE:NABL opened at $8.50 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.54. N-able has a 52-week low of $8.12 and a 52-week high of $16.00. The stock has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $10.91.
Separately, Zacks Investment Research raised shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.30.
About N-able (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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