RBC Capital Downgrades N-able (NYSE: NABL) Amidst Mixed Q2 Earnings and Lowered Outlook
- RBC Capital downgraded N-able (NYSE: NABL) from Outperform to Sector Perform, impacting the cybersecurity stock.
- Despite reporting 6% revenue growth, N-able lowered its full-year financial forecast due to weaker-than-expected customer renewals for its endpoint security products.
- Shares of N-able experienced a significant drop of 35.67% following the news, closing at $3.21.
N-able (NYSE: NABL) is a global cybersecurity company that provides cloud-based software services to its clients. On August 10, 2026, analyst firm RBC Capital downgraded N-able's rating from Outperform to Sector Perform. This change in rating occurred when the stock's price was at $3.21.
The company recently reported its second-quarter results, showing some growth. Total revenue also increased by 6% from the previous year to $138.22 million for the quarter. Despite this growth, N-able has lowered its financial forecast for the full year. This adjustment is due to weaker-than-expected renewals from customers for its endpoint security products. Chief Financial Officer Tim O'Brien confirmed that these renewal rates are negatively affecting the company's outlook.
For the second quarter, N-able reported earnings of $0.10 per share, which met the Zacks Consensus Estimate. This figure is slightly down from the $0.11 per share reported in the same quarter last year. The company's revenue of $138.22 million for the quarter did, however, beat analyst estimates.
Following the news, shares of N-able experienced a significant drop of 35.67%, closing at a price of $3.21. The stock's 52-week high is $8.74, and its 52-week low is $2.92. The company currently has a market capitalization, or total value of all its shares, of approximately $604.69 million.