N-able Q1 Revenue Outlook $111M - $111.5M Vs. $110.975M Estimate, Adjusted EBITDA $158M - $162M
Portfolio Pulse from Benzinga Newsdesk
N-able projects Q1 2024 revenue to be between $111M and $111.5M, surpassing the $110.975M estimate, with adjusted EBITDA expected between $37.5M and $38M, about 34% of total revenue. This indicates a year-over-year growth of 11% to 12%.
February 22, 2024 | 12:12 pm
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N-able expects Q1 2024 revenue to outperform estimates, indicating strong year-over-year growth and a solid adjusted EBITDA margin.
N-able's projected revenue and adjusted EBITDA for Q1 2024 exceed analyst estimates, suggesting strong financial performance and operational efficiency. This positive outlook is likely to boost investor confidence and potentially lead to a short-term uptick in NABL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100