Stocks in Focus: N-able, Inc. (NABL)

Company Profile:

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. The company’s platform consists of solution categories including remote monitoring and management; security and data protection solutions through its data protection, patch management, endpoint security, web protection, e-mail security and archiving, and vulnerability assessment solutions; and business management, such as professional services automation, automation and scripting management, password management policies and reporting and analytics. The company was founded in 2000 and is headquartered in Burlington, Massachusetts.

Recent News:

On December 20, 2022, the company has been recognized for “Best CEO” by Comparably, a leading workplace culture site and corporate brand reputation platform. John Pagliuca, chief executive officer, earned Comparably’s Best CEO designation, which is awarded to the top 100 highest-rated CEOs of 2022 from large companies (more than 500 employees) in the six annual list.

For the third quarter of 2022, the company reported total revenue of $93.5 million, representing approximately 6% year-over-year growth, or approximately 13% year-over-year growth on a constant currency basis. GAAP net income of $0.3 million, or $0.00 per diluted share, and non-GAAP net income of $12.3 million, or $0.07 per diluted share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects:

Price to Book Value – P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.

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Price to Earnings – PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).

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Discounted cash flow – DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.

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Return on Assets – ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.

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Return on Equity – ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.

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Debt to Equity – evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.

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Conclusion:

NABL receives outperform rating in price to book value, price to earnings, discounted cash flow and debt to equity. Technical indicators signal the bullish signs, as there is a bullish crossover in the MACD and Stochastic oscillator. The RSI(14) stands at 50.5 with positive bias. We rate N-able, Inc. (NABL) a STRONG BUY.

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