N-able FY24 Revenue Outlook $460M - $465M Vs. $465.39M Estimate, Adjusted EBITDA $158M - $162M
Portfolio Pulse from Benzinga Newsdesk
N-able projects FY24 revenue to be between $460M and $465M, slightly below the $465.39M estimate, with adjusted EBITDA expected to be between $158M and $162M, indicating a 9% to 11% year-over-year growth on a constant currency basis.
February 22, 2024 | 12:13 pm
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NEUTRAL IMPACT
N-able anticipates FY24 revenue to fall slightly short of estimates at $460M-$465M, with adjusted EBITDA projected at $158M-$162M.
The slight miss in revenue projections compared to estimates may cause some investor concern, but the solid adjusted EBITDA range indicates efficient operations and profitability. The impact is neutral as the growth rates and profitability metrics are strong, which could balance out the slight miss in revenue expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90