N-able Shares Rise After Q1 Results Beat Analysts' Expectations
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N-able shares rose over 6% after reporting Q1 results that exceeded analysts' expectations. The company posted a non-GAAP net income of $0.08 per diluted share, beating the expected $0.07, although down from $0.11 a year prior. Revenue for Q1 was $118.2 million, surpassing the anticipated $115.6 million. N-able forecasts Q2 revenue between $125.5 and $126.5 million, above the expected $122.8 million, and raised its 2025 revenue guidance to $492 million to $497 million, compared to the previous estimate of $486.5 million to $492.5 million.
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