Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>N-able Inc., a provider of secure data protection and management solutions, reported its first quarter 2025 financial results marked by revenue and adjusted EBITDA exceeding expectations.</li><li>Despite facing a complex threat landscape and a cautious macro environment, the company's financial metrics maintained a solid trajectory with a notable increase in annual recurring revenue (ARR) and robust adjusted EBITDA margins.</li><li>The financial outcomes reflect N-able's strategic emphasis on product innovation, market expansion, and customer engagement.</li></ul>

N-able Inc., a provider of secure data protection and management solutions, reported its first quarter 2025 financial results marked by revenue and adjusted EBITDA exceeding expectations.Despite facing a complex threat landscape and a cautious macro environment, the company's financial metrics maintained a solid trajectory with a notable increase in annual recurring revenue (ARR) and robust adjusted EBITDA margins.The financial outcomes reflect N-able's strategic emphasis on product innovation, market expansion, and customer engagement.

N-able Inc. Supercharges ARR to $492M—Can This Growth Machine Keep Up the Pace?

<ul><li>N-able Inc. recently reported its fourth-quarter and full-year financial results for 2024, revealing a stable growth trajectory but with various underlying challenges and opportunities for investors to consider.</li><li>The company's revenue grew by 7% year-over-year in constant currency for the fourth quarter, while the full-year revenue increased by 10% under the same metric.</li><li>N-able's Annual Recurring Revenue (ARR) concluded the fiscal year at $482 million, also indicating a 10% growth in constant currency, underscoring a solid revenue base supported by subscription models.</li></ul>

N-able Inc. recently reported its fourth-quarter and full-year financial results for 2024, revealing a stable growth trajectory but with various underlying challenges and opportunities for investors to consider.The company's revenue grew by 7% year-over-year in constant currency for the fourth quarter, while the full-year revenue increased by 10% under the same metric.N-able's Annual Recurring Revenue (ARR) concluded the fiscal year at $482 million, also indicating a 10% growth in constant currency, underscoring a solid revenue base supported by subscription models.

N-able Inc.: Expanding Reseller & Mid-Market Channels to Strengthen Foothold In Critical Global Markets!

<ul><li>N-able's earnings for the third quarter of 2024 revealed several critical insights into the company's current performance and future strategies.</li><li>On the positive side, the company reported revenue of $116.4 million, marking an 8% year-over-year growth on a reported basis and 7% on a constant currency basis.</li><li>The Company also exceeded its guidance for this quarter.</li></ul>

N-able's earnings for the third quarter of 2024 revealed several critical insights into the company's current performance and future strategies.On the positive side, the company reported revenue of $116.4 million, marking an 8% year-over-year growth on a reported basis and 7% on a constant currency basis.The Company also exceeded its guidance for this quarter.

N-able Inc.: Transition to Cloud-Based Solutions Powering Our ‘Buy’ Rating! - Major Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/excalibur-mining-corp-ltd" target="_blank" data-smartkarma-citation="entities:3088:1" rel="noopener">Dropsuite Ltd (DSE AU)</a> IE considers NinjaOne’s A$5.90 offer fair and reasonable as it is above its A$3.92-5.88 valuation range.</li>
<li>The offer is conditional on shareholder and FIRB approval. Despite the largest shareholder's selldown, the vote remains low-risk.  </li>
<li>The offer is attractive and represents an all-time high. At the last close and for a 30 May payment, the gross/annualised spread is 1.7%/11.5%.  </li>
</ul>


The Dropsuite Ltd (DSE AU) IE considers NinjaOne’s A$5.90 offer fair and reasonable as it is above its A$3.92-5.88 valuation range.
The offer is conditional on shareholder and FIRB approval. Despite the largest shareholder's selldown, the vote remains low-risk.  
The offer is attractive and represents an all-time high. At the last close and for a 30 May payment, the gross/annualised spread is 1.7%/11.5%.  


<ul><li>N-able Inc.'s second quarter earnings highlighted significant developments and achievements while also shedding light on some challenges and strategic shifts in their business model.</li><li>The company reported a revenue of $119.4 million, marking a 13% year-over-year growth, aligning with constant currency metrics.</li><li>Their adjusted EBITDA turned out to be $46.8 million, translating to a 39% margin, which is notably high, showcasing operational efficiency and financial discipline.</li></ul>

N-able Inc.'s second quarter earnings highlighted significant developments and achievements while also shedding light on some challenges and strategic shifts in their business model.The company reported a revenue of $119.4 million, marking a 13% year-over-year growth, aligning with constant currency metrics.Their adjusted EBITDA turned out to be $46.8 million, translating to a 39% margin, which is notably high, showcasing operational efficiency and financial discipline.

N-able Inc.: An Insight Into Its Market Position

United States

N-able, Inc. provides software solutions. The Company offers monitoring, security, and business management solutions. N-able serves customers worldwide.

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N-able (NABL US)

N-able Inc. Supercharges ARR to $492M—Can This Growth Machine Keep Up the Pace?

N-able Inc., a provider of secure data protection and management solutions, reported its first quarter 2025 financial results marked by revenue...

Baptista Research

N-able Inc.: Expanding Reseller & Mid-Market Channels to Strengthen Foothold In Critical Global Markets!

N-able Inc. recently reported its fourth-quarter and full-year financial results for 2024, revealing a stable growth trajectory but with various...

Baptista Research

N-able Inc.: Transition to Cloud-Based Solutions Powering Our ‘Buy’ Rating! - Major Drivers

N-able's earnings for the third quarter of 2024 revealed several critical insights into the company's current performance and future...

Baptista Research

Dropsuite (DSE AU): Scheme Vote on 9 May

The offer is attractive and represents an all-time high. This is a done deal. At the last close and for a 30 May payment, the gross/annualised...

Arun George

N-able Inc.: An Insight Into Its Market Position

N-able Inc.'s second quarter earnings highlighted significant developments and achievements while also shedding light on some challenges and...

Baptista Research

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