Overview
Cybersecurity platform's preliminary Q1 revenue rose 13% yr/yr, beating analyst expectations
Adjusted EPS for preliminary Q1 met analyst expectations
Company cites improving retention and expanding platform adoption as key drivers
Outlook
N-able sees Q2 revenue between $137.5 mln and $138.5 mln
Company expects full-year ARR of $581 mln to $586 mln
N-able expects full-year revenue of $554 mln to $559 mln
Result Drivers
IMPROVING RETENTION - Co said Q1 performance was driven by improving customer retention
PLATFORM ADOPTION - Co cited expanding platform adoption and continued upmarket traction as key drivers, per CFO Tim O’Brien
AI-POWERED INNOVATION - Co highlighted new AI-powered features and product launches, including an AI assistant and expanded data protection, as supporting operational efficiency and security outcomes
Company press release: ID:nBw9xvr9Ya
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$133.70 mln
$131.48 mln (6 Analysts)
Q1 Adjusted EPS
Meet
$0.09
$0.09 (6 Analysts)
Q1 EPS
$0
Q1 Net Income
-$600,000
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for N-Able Inc is $8.00, about 50.7% above its May 6 closing price of $5.31
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)