CORRECTION: N-able Q1 Revenue Outlook $111M - $111.5M Vs. $110.975M Estimate, Adjusted EBITDA $37.5M - $38M
Portfolio Pulse from Benzinga Newsdesk
N-able has updated its Q1 2024 financial outlook, expecting revenue between $111M-$111.5M, surpassing the $110.975M estimate, and adjusted EBITDA between $37.5M-$38M. This reflects an 11%-12% year-over-year growth and EBITDA representing about 34% of total revenue.
February 22, 2024 | 12:14 pm
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POSITIVE IMPACT
N-able projects Q1 2024 revenue to exceed estimates with an 11%-12% YoY growth and adjusted EBITDA to represent 34% of total revenue.
N-able's updated financial outlook for Q1 2024 indicates a positive performance with revenue and adjusted EBITDA figures surpassing previous estimates. This suggests strong operational efficiency and market demand for N-able's offerings. The reported year-over-year growth in revenue and the significant portion of revenue represented by adjusted EBITDA highlight the company's profitability and financial health. Investors are likely to view this update positively, leading to a potential short-term increase in NABL's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100