2024-03-06 00:52:59 ET
Summary
- Hold rating recommended for N-able due to conservative growth guidance for FY24 and lack of visibility in near-term growth acceleration.
- 4Q23 results showed improvement in margin, stable net dollar retention rate, and potential for growth acceleration with new product offerings.
- Valuation remains a concern as N-able's stock is trading at a significant premium compared to peers, and growth deceleration may impact its valuation.
Investment action
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N-able: Stock Likely To Remain Rangebound