N-able Sees Q4 Total Revenue $106.5M-$107M vs $108.04M Est.
Portfolio Pulse from Benzinga Newsdesk
N-able, Inc. has reported its Q4 total revenue forecast to be between $106.5M and $107M, which falls short of the estimated $108.04M by analysts.
November 13, 2023 | 12:04 pm
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NEGATIVE IMPACT
N-able, Inc. is expected to report lower-than-expected Q4 revenue, which may negatively impact investor sentiment and the stock price in the short term.
Revenue forecasts that are below analyst expectations can lead to a negative investor reaction, as it may indicate slower growth or potential challenges in the business. This could result in a decrease in stock price in the short term as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100