N-able Sees FY23 Total Revenue $420M-$420.5M vs $420.82M Est.
Portfolio Pulse from Benzinga Newsdesk
N-able, Inc. has provided its financial outlook for FY23, expecting total revenue to be between $420M and $420.5M, which is slightly below the estimated $420.82M by analysts.
November 13, 2023 | 12:05 pm
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N-able anticipates FY23 revenues to fall marginally short of analyst expectations, with a forecast of $420M-$420.5M versus the $420.82M estimate.
N-able's revenue forecast being lower than analyst estimates can be perceived negatively by the market, potentially leading to a short-term decline in the stock price. The forecast is directly related to the company's financial performance, which is a critical factor for investors. The slight miss from the estimates may not be significant enough to cause a major sell-off, but it could still lead to bearish sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100