N-able (NABL) Projected to Post Quarterly Earnings on Thursday

N-able (NYSE:NABL - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $115.65 million for the quarter.

N-able Stock Down 1.0 %

N-able stock traded down $0.07 during midday trading on Tuesday, hitting $7.10. The stock had a trading volume of 919,734 shares, compared to its average volume of 720,050. The business has a fifty day moving average price of $7.11 and a 200 day moving average price of $9.19. N-able has a 12 month low of $6.07 and a 12 month high of $15.49. The stock has a market cap of $1.34 billion, a P/E ratio of 35.50 and a beta of 0.57. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43.

N-able announced that its board has initiated a stock buyback plan on Wednesday, March 12th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

NABL has been the subject of a number of research reports. Royal Bank of Canada decreased their price objective on shares of N-able from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of N-able in a report on Monday. Scotiabank upped their target price on N-able from $8.75 to $9.00 and gave the company a "sector perform" rating in a report on Friday, March 14th. William Blair reissued an "outperform" rating on shares of N-able in a report on Friday, March 14th. Finally, BMO Capital Markets restated a "market perform" rating and set a $8.50 price objective (down from $13.50) on shares of N-able in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $9.38.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers 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. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.