N-able (NABL) Scheduled to Post Quarterly Earnings on Thursday

N-able (NYSE:NABL - Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. N-able has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

N-able (NYSE:NABL - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. N-able had a return on equity of 5.67% and a net margin of 7.19%. The firm had revenue of $119.40 million for the quarter, compared to analyst estimates of $116.83 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company's revenue was up 12.5% compared to the same quarter last year. On average, analysts expect N-able to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

N-able Stock Down 1.0 %

Shares of N-able stock traded down $0.12 during trading on Thursday, reaching $12.32. 110,355 shares of the company traded hands, compared to its average volume of 525,273. The firm has a market capitalization of $2.28 billion, a PE ratio of 73.18 and a beta of 0.45. N-able has a 1-year low of $11.50 and a 1-year high of $15.48. The company has a 50 day moving average price of $12.65 and a 200-day moving average price of $13.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.97 and a quick ratio of 2.97.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a "buy" rating and issued a $16.50 target price on shares of N-able in a research note on Friday, August 9th.

Insider Buying and Selling

In other N-able news, CFO Tim James O'brien sold 11,195 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.84, for a total value of $143,743.80. Following the sale, the chief financial officer now owns 654,232 shares of the company's stock, valued at $8,400,338.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Tim James O'brien sold 11,195 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.84, for a total transaction of $143,743.80. Following the transaction, the chief financial officer now directly owns 654,232 shares of the company's stock, valued at approximately $8,400,338.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter C. Anastos sold 16,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $13.04, for a total transaction of $208,640.00. Following the completion of the sale, the executive vice president now owns 322,774 shares of the company's stock, valued at approximately $4,208,972.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 199,351 shares of company stock valued at $2,551,240. Corporate insiders own 1.43% of the company's stock.

N-able Company Profile

N-able, Inc provides cloud-based software solutions for managed service providers 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. It provides software platform designed to be an integrated, enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.