N-Able Q4 revenue up 11.8%, beats expectations as subscriptions climb

Overview

• Cybersecurity firm's Q4 revenue grew 11.8% yr/yr, beating analyst expectations

• Adjusted EPS for Q4 missed analyst expectations

Outlook

• N-able expects Q1 2026 revenue between $131 mln and $132 mln

• Company forecasts full-year 2026 ARR of $581 mln to $586 mln

• N-able anticipates 2026 adjusted EBITDA margin of 30% to 31%

Result Drivers

• AI ENHANCEMENTS - N-able introduced AI capabilities across endpoint management, security operations, and data protection, enhancing business resilience

• SUBSCRIPTION REVENUE GROWTH - Subscription revenue grew 12.1% yr/yr, driven by AI-powered cybersecurity solutions

• STRATEGIC INVESTMENTS - Co plans further investments in AI innovation and go-to-market expansion to drive growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for N-Able Inc is $9.50, about 78.6% above its February 18 closing price of $5.32

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBw76bYtSa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.