N-Able Sees FY24 Total Revenue Of $462M-$465M Vs. $463.37M Estimate (Prior View: $460M-$465M), Representing Approximately 10% YoY Growth
Portfolio Pulse from Benzinga Newsdesk
N-able forecasts FY24 total revenue of $462M-$465M, indicating about 10% YoY growth, with adjusted EBITDA expected to be $162M-$165M, or 35% of total revenue. This is a slight increase from their prior revenue view of $460M-$465M.
May 09, 2024 | 12:13 pm
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N-able raises its FY24 revenue forecast slightly to $462M-$465M from a prior range of $460M-$465M, indicating a positive outlook with about 10% YoY growth.
The slight increase in N-able's revenue forecast for FY24, along with a strong adjusted EBITDA projection, reflects a positive outlook for the company. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100