10 Best Low Priced Technology Stocks To Buy Now

5. N-able Inc. (NYSE:NABL)

Share Price as of December 24: $9.52

Number of Hedge Fund Holders: 27

N-able Inc. (NYSE:NABL) is a technology company that specializes in providing software solutions for IT services providers. The company helps managed service providers (MSPs) manage, monitor, and secure their customers’ systems, data, and networks. By offering a flexible technology platform and powerful integrations, N-able Inc. (NYSE:NABL) empowers MSPs to navigate the digital landscape effectively.

In the third quarter of 2024, the company reported a total revenue of $116.4 million, marking an 8.3% increase from the previous year. Subscription revenue reached $115 million, which is a 9.3% growth year-over-year. N-able Inc. (NYSE:NABL) is actively enhancing its offerings through strategic initiatives. In Q3 2024, the company launched global compliance initiatives aimed at strengthening cybersecurity resilience among its partners. This move aligns with recent regulatory changes, such as the Cybersecurity Maturity Model Certification (CMMC) 2.0, ensuring that N-able Inc.’s (NYSE:NABL) solutions meet evolving security standards.

Additionally, in the third quarter, the company expanded its Technology Alliance Program (TAP) and fostered new relationships with companies like Bocada, AlertOps, DeskDay, PIXM, and Hudu. This program allows MSPs to leverage a broader range of integrated solutions, enhancing their service offerings and flexibility.

In November 2024, N-able Inc. (NYSE:NABL) announced the acquisition of Adlumin, which will enhance its security operations capabilities. This acquisition positions the company to provide deeper insights and remediation across IT environments, further solidifying its cybersecurity portfolio. Given these strong financial results and strategic developments, N-able Inc. (NYSE:NABL) is one of the best low-priced stocks to buy in the technology sector.