Wall Street analysts expect Tenable Holdings Inc (NASDAQ:TENB) to post sales of $94.14 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Tenable’s earnings, with the lowest sales estimate coming in at $93.90 million and the highest estimate coming in at $94.30 million. Tenable reported sales of $75.22 million during the same quarter last year, which indicates a positive year over year growth rate of 25.2%. The firm is scheduled to announce its next earnings results on Tuesday, February 4th.
On average, analysts expect that Tenable will report full year sales of $351.72 million for the current year, with estimates ranging from $351.43 million to $352.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $434.26 million, with estimates ranging from $427.72 million to $445.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Tenable.
Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.17. The business had revenue of $91.90 million for the quarter, compared to analyst estimates of $88.79 million. Tenable had a negative return on equity of 64.40% and a negative net margin of 24.14%. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS.
Several equities research analysts have weighed in on TENB shares. JPMorgan Chase & Co. upgraded Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Wednesday, October 30th. Wedbush reiterated a “buy” rating and issued a $44.00 price objective on shares of Tenable in a report on Wednesday, July 31st. Zacks Investment Research upgraded Tenable from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Saturday, November 2nd. Macquarie started coverage on Tenable in a report on Tuesday, July 16th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, Deutsche Bank set a $38.00 price objective on Tenable and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $33.91.
In other news, Director John C. Huffard, Jr. sold 25,466 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $24.98, for a total value of $636,140.68. Also, Director John C. Huffard, Jr. sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $25.48, for a total value of $1,274,000.00. 31.90% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in TENB. Tower Research Capital LLC TRC bought a new position in shares of Tenable in the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC raised its position in shares of Tenable by 333.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company’s stock worth $105,000 after acquiring an additional 3,592 shares in the last quarter. Bank of Montreal Can raised its position in shares of Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after acquiring an additional 4,107 shares in the last quarter. Diversified Trust Co bought a new position in shares of Tenable in the 3rd quarter worth approximately $205,000. Finally, Amundi Pioneer Asset Management Inc. bought a new position in Tenable during the 1st quarter valued at approximately $244,000. 53.30% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TENB traded up $0.54 during trading on Thursday, reaching $25.96. The company’s stock had a trading volume of 215,300 shares, compared to its average volume of 717,318. Tenable has a one year low of $20.00 and a one year high of $36.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a fifty day moving average of $23.04 and a 200 day moving average of $26.12. The stock has a market capitalization of $2.40 billion, a PE ratio of -19.09 and a beta of 2.72.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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