N-Able Sees Q3 Total Revenue Of $114.5M-$115M Vs. $116.52M Estimate, Representing Approximately 6% to 7% Y/Y Growth, Adjusted EBITDA Of $39.5M-$40.0M
Portfolio Pulse from Benzinga Newsdesk
N-Able has announced its Q3 total revenue forecast of $114.5M-$115M, which is below the $116.52M estimate. This represents a year-over-year growth of approximately 6% to 7%. The company also expects an adjusted EBITDA of $39.5M-$40.0M.
August 08, 2024 | 11:16 am
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N-Able's Q3 revenue forecast of $114.5M-$115M is below the $116.52M estimate, indicating potential investor concern. The company expects a year-over-year growth of 6% to 7% and an adjusted EBITDA of $39.5M-$40.0M.
The revenue forecast being below the estimate is likely to cause concern among investors, potentially leading to a short-term decline in the stock price. However, the year-over-year growth and adjusted EBITDA figures provide some positive context.
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