N-able Q4 Earnings Beat Expectations Despite EPS Miss

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: Feb 19 2026

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NABL+2.79%

Should l Buy NABL?

Source: seekingalpha

Significant Revenue Growth: N-able reported Q4 revenue of $130.3 million, an 11.8% year-over-year increase that exceeded market expectations by $3.23 million, indicating strong performance in expanding market share.
Strong Subscription Revenue: The company achieved subscription revenue of $129 million, reflecting a 12.1% year-over-year growth and a 9.3% increase on a constant currency basis, demonstrating sustained customer demand and loyalty for its services.
Increase in Annual Recurring Revenue: N-able's total ARR reached $539.7 million, marking an 11.9% year-over-year growth, or 7.7% growth on a constant currency basis, highlighting a stable revenue foundation and future growth potential.
Healthy Margin Performance: The company reported a GAAP gross margin of 76.2% and a non-GAAP gross margin of 79.8%, showcasing effective cost management and profitability, which enhances investor confidence in its financial health.

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Analyst Views on NABL

Wall Street analysts forecast NABL stock price to rise

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 4.660

Low

8.00

Averages

9.00

High

10.00

Current: 4.660

Low

8.00

Averages

9.00

High

10.00

Scotiabank

Joe Vandrick

Sector Perform

downgrade

2026-02-20

Reason

Scotiabank

Joe Vandrick

Price Target

AI Analysis

2026-02-20

downgrade

Sector Perform

Reason

Scotiabank analyst Joe Vandrick lowered the firm's price target on N-able to $5.25 from $8.75 and keeps a Sector Perform rating on the shares. While the firm believes N-able is well insulated from the risk of copycats, Scotiabank has not yet seen signs that AI is a tailwind for the company's business, the analyst tells investors. The firm believes top-line acceleration in 2026 is needed before a re-rating.

B. Riley

Buy

initiated

$10

2026-01-23

Reason

B. Riley

Price Target

$10

2026-01-23

initiated

Buy

Reason

B. Riley initiated coverage of N-able with a Buy rating and $10 price target, offering 50% potential upside from the current share price. N-able is a software-as-a-service provider of services that enable managed service providers to serve small and medium-sized enterprises, the analyst tells investors in a research note. The firm believes investors should buy the stock at current levels, saying N-able is strategically positioned to benefit from the growing demand for managed services in the small business market. The company offers a differentiated platform with a wide breadth of services, Riley adds.

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About NABL

N-able, Inc. is a global software company helping information technology (IT) services providers deliver security, data protection as-a-service and unified endpoint management (UEM). Built on a scalable platform, it offers secure infrastructure and tools to simplify complex ecosystems, as well as resources to navigate evolving IT needs. It delivers a platform of integrated solutions that enables its IT services provider customers, including managed service providers (MSPs), to manage and secure the IT environments and assets for their medium-sized businesses (SMB) and mid-market end customers. Its platform consists of three core solution categories: UEM, security solutions, and data protection as-a-service. Its UEM solutions provide its customers with visibility and insights into the availability and performance of their customers’ networks, infrastructure, devices and applications, all through a centralized dashboard. Its security solutions secure IT environments and data.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

N-able Releases Cybersecurity Report on AI Era Resilience

Feb 24 2026Newsfilter

New Cybersecurity Challenges: N-able's report, 'Cybersecurity in the Age of AI: Moving from Fragile to Resilient,' reveals that 62% of mid-market organizations perceive a rise in AI-driven phishing and deepfake scams, indicating an urgent need for businesses to update their security strategies to counter new attack vectors.
Accelerated Adversary Tactics: The analysis shows that adversaries are leveraging AI-enhanced reconnaissance and scalable social engineering, making it easier to execute complex attacks, particularly for small businesses with limited resources, highlighting the necessity for proactive defense measures.
Increased Internal Complexity: As companies adopt AI tools, their IT environments become denser and more interconnected, with new APIs and unmanaged AI tools expanding the attack surface, making it difficult for traditional monitoring methods to detect these opaque risks, necessitating a reevaluation of security architectures.
Resilience Strategy Framework: The report presents a three-pillar model emphasizing actions before, during, and after an attack, assisting businesses in minimizing exposure, reducing impact, and ensuring operational continuity through automation and AI-assisted insights.

N-able, Inc. Price Target Downgrade Analysis

Feb 23 2026Yahoo Finance

Price Target Downgrade: BMO Capital reduced its price target for N-able, Inc. from $9.50 to $5.50 while maintaining a Market Perform rating, reflecting a cautious outlook on the company's future growth, particularly regarding concerns over new product contributions.
Earnings Beat: N-able exceeded consensus estimates in its Q4 earnings report; however, BMO expressed concerns about its fiscal 2026 revenue growth guidance, questioning the defensibility of its solutions for mid-market and small business customers.
Needham Rating Adjustment: Needham also lowered its price target on N-able from $10 to $8 while keeping a Buy rating, indicating optimism about the company's execution in the up-market but acknowledging broader valuation pressures affecting the market.
Market Competition Analysis: While N-able shows potential in its AI-powered cybersecurity platform, analysts suggest that other AI stocks may offer greater upside potential and lower downside risk, urging investors to carefully assess its investment value.

N-able Reports Strong Q4 2025 Earnings with AI-Driven Growth

Feb 19 2026seekingalpha

Sustained Profit Growth: N-able reported total revenue of $130 million in Q4 2025, reflecting a 12% year-over-year increase, exceeding expectations, with annual revenue reaching $540 million and a 12% growth rate, showcasing strong performance in data protection and security operations.
ARR Target Increase: The company anticipates its annual recurring revenue (ARR) for 2026 to be between $581 million and $586 million, representing an 8% to 9% year-over-year growth, indicating enhanced confidence in new product launches and market expansion.
AI-Driven Innovation: The introduction of the N-zo AI workflow assistant is termed a “game changer” for technician productivity, further driving the company’s investments and product innovations in AI, which are expected to enhance customer security and efficiency.
Financial Health: N-able achieved $101 million in unlevered free cash flow for 2025, demonstrating robust financial health, while planning a $30 million share repurchase in 2026 to enhance shareholder returns.