N-able (NABL)
Equips MSPs and IT teams with endpoint management, backup, and security operations software.
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Sells recurring software to MSPs and other channel partners for endpoint management, cloud backup, and security operations. The platform serves businesses that often lack internal IT and security depth, with demand shaped by partner execution and global small-business technology needs.
Provides unified endpoint management, data protection as-a-service, and security operations software for MSPs, VARs, distributors, and other channel partners. Products named in context include N-central UEM, N-sight UEM, Cove Data Protection, Adlumin SecOps, EDR, Passportal, Mail Assure, Take Control, DNS Filtering, and MSP Manager.
Runs a global business with slightly more revenue outside the United States than inside it. The platform is built for multi-tenant management across public cloud, private cloud, on-premises, and hybrid environments, which fits partners managing many small and midsize customers.
Execution depends on channel partners turning the software into service offerings for end customers that often lack internal IT and security resources. The business is reported as one segment, so product-level economics are not separately disclosed.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 11, 2026 | Scotiabank | Reiterate | Sector Perform | $5.75 | $3.65 | |
| Aug 11, 2026 | BMO Capital | Reiterate | Market Perform | $5.50 | $3.75 | |
| Aug 11, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | ||
| Aug 10, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | $10 | $4 |
| Aug 3, 2026 | Wells Fargo | Downgrade | Underweight |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $115.8M · Total debt $436.5M · Total assets $1.40B · Shareholders' equity $804.6M
- Revenue
- $138.2M
- Operating income
- $16.5M
- Net income
- $1.8M
No dividends on record.
| Institutions201 holders · as of Jun 30, 2026 | 101.50% | 191.75M shares | |
| Insiders13 holders · as of Aug 20, 2026 | 11.57% | 21.86M shares | |
| Strategic holders3 holders · as of Feb 6, 2024 | 32.74% | 61.84M shares | |
| Adds to | 145.81% |
188.91M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 145.81%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Silver Lake Group, L.L.C.Institution | 32.54% | 61.47M | 13Fas of Jun 30, 2026 |
Thoma Bravo, L.P.Institution | 26.52% | 50.09M | 13Fas of Jun 30, 2026 |
Thoma Bravo UGP, LLCStrategic | 26.52% | 50.09M | 13Dfiled Jul 29, 2021 ↗ |
Canada Pension Plan Investment BoardInsider | 9.42% | 17.79M | 13Gfiled Feb 14, 2022 ↗ |
BlackRock, Inc.Institution | 6.21% | 11.73M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
No open-market trades in the last 12 months.
- Microsoft
Endpoint management and Defender security across SMB and enterprise
- OpenText
Backup, endpoint, email, and DNS security for MSP and SMB channels
- CrowdStrike
Cloud-native endpoint, XDR, and MDR security operations rival
- Commvault Systems
Cyber-resilience and SaaS backup pressure in data protection
- SentinelOne
Autonomous endpoint, XDR, and MDR platform alternative
- Fortinet
Security-operations, endpoint, and MSSP channel overlap
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| N-able | $3.97 | 0.00% | $747.9M | — | 9.3 | 1.4 | +5.3% |
| Microsoft | $498.16 | +0.27% | $3.69T | 27.7 | 25.4 | 11.1 | +17.8% |
| OpenText | $23.58 | +0.11% | $5.72B | 5.2 | 6.0 | 0.6 | +1.6% |
| CrowdStrike | $205.47 | +1.02% | $207.13B | 5,795.4 | 144.7 | 38.4 | +25.8% |
| Commvault Systems | $131.30 | −0.20% | $5.45B | 83.8 | 24.0 | 4.5 | +11.4% |
| SentinelOne | $20.05 | +1.91% | $6.63B | — | 49.2 | 6.0 | +20.6% |
| Fortinet | $155.00 | +0.28% | $113.39B | 54.4 | 44.0 | 15.1 | +25.6% |
| Median | 54.4 | 34.7 | 8.6 | +19.2% |