Share price
$4.31
+9.11% · +$0.36
Range $4.03–$4.58
N-able Shares Climb 9.1% After $95 Million Buyback Equals 11.7% of Market Value
BURLINGTON, Massachusetts, August 28, 2026, 11:25 – N-able shares jumped 9.1% after the software company announced a $95 million share buyback, an amount representing 11.7% of its market capitalisation.
NYSE: NABL · Share repurchase
N-able buyback dashboard
A large authorization relative to equity value meets a leveraged balance sheet.
Market data: Aug. 28, 2026
11:08:45 EDT
11:08:45 EDT
Market value
$815M
≈$68M added
Implied from session move
Volume
1.24M
Shares by 11:08:45 EDT
Available buyback
$95M
11.7% of market cap
No expiration; execution discretionary
Authorization math
Headline capacity is large for the equity base
At $4.31, $95 million could buy about 22.0 million shares, or 11.7% of the August 5 share count.
Capital structure
Repurchase power has limits
| Cash | $115.8M |
| Total debt | $392.3M |
| Net debt | $276.5M |
| Q2 unlevered FCF | $23M |
| Shares outstanding | 188.9M |
Financial position at June 30, 2026; share count at Aug. 5.
Q2 2026 operating signals
| Metric | Value | Change / margin |
|---|---|---|
| Revenue | $138.2M | +5.9% |
| ARR | $544.5M | +6.0% |
| GAAP gross margin | 76.8% | Core economics |
| Adjusted EBITDA | $39.9M | 28.9% margin |
| GAAP operating income | $16.5M | +76.8% |
2026 outlook
| Metric | Range | Midpoint |
|---|---|---|
| ARR | $562M–$565M | $563.5M |
| Revenue | $539M–$542M | $540.5M |
| Adjusted EBITDA | $158M–$161M | $159.5M |
| EBITDA margin | 29%–30% | 29.5% |
Company outlook issued Aug. 10, 2026.
Peer tape
Buyback catalyst separates N-able
| Company | Ticker | Price | Friday move | Market cap |
|---|---|---|---|---|
| N-able | NABL | $4.31 | +9.11% | $0.82B |
| Qualys | QLYS | $185.35 | −1.72% | $6.49B |
| Tenable | TENB | $37.55 | −0.19% | $4.27B |
| Rapid7 | RPD | $13.37 | −0.96% | $0.91B |
Peer market data around 11:09 EDT on Aug. 28, 2026.
What matters next
Actual purchases
Average cost
ARR growth
Debt reduction
Dilution offset
Authorization is optional. The strongest signal would be sustained repurchases funded by recurring cash generation.
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