N-Able Sees Q2 Total Revenue Of $116.5M-$117.0M Vs. $115.33M Estimate, Representing Approximately 10% Year-over-year Growth
Portfolio Pulse from Benzinga Newsdesk
N-able projects Q2 total revenue of $116.5M-$117.0M, surpassing the $115.33M estimate and indicating about 10% year-over-year growth. Adjusted EBITDA is expected to be $41.0M-$41.5M, around 35% of total revenue.
May 09, 2024 | 12:08 pm
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N-able anticipates Q2 revenue of $116.5M-$117M, exceeding estimates and showing 10% YoY growth. Adjusted EBITDA is expected to be $41.0M-$41.5M.
N-able's projected revenue surpasses analyst estimates and shows significant year-over-year growth, which is likely to positively impact investor sentiment and the stock price in the short term. The strong adjusted EBITDA forecast further supports the company's financial health and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100