N-able (NYSE:NABL – Get Rating) announced its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02, MarketWatch Earnings reports. The company had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $90.29 million. The company’s revenue was up 9.3% on a year-over-year basis. N-able updated its FY 2022 guidance to EPS and its Q2 2022 guidance to EPS.
NYSE:NABL traded up $0.52 during mid-day trading on Friday, hitting $9.02. 564,972 shares of the company’s stock traded hands, compared to its average volume of 313,706. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50 day simple moving average is $9.72 and its 200 day simple moving average is $10.87. N-able has a 1 year low of $8.12 and a 1 year high of $16.00. The company has a market cap of $1.62 billion and a PE ratio of 180.44.
Separately, Zacks Investment Research upgraded shares of N-able from a “sell” rating to a “hold” rating in a report on Friday, March 25th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, N-able presently has a consensus rating of “Buy” and a consensus target price of $16.30.
About N-able (Get Rating)
N-able, Inc provides cloud-based software solutions for managed service providers (MSPs) in the United States, the United Kingdom, and internationally. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
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