Equities analysts expect Tenable Holdings Inc (NASDAQ:TENB) to announce earnings of ($0.14) per share for the current quarter, Zacks reports. Five analysts have provided estimates for Tenable’s earnings. The highest EPS estimate is ($0.14) and the lowest is ($0.15). The company is expected to issue its next quarterly earnings report after the market closes on Tuesday, February 5th.
On average, analysts expect that Tenable will report full-year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.63) to ($0.61). For the next year, analysts forecast that the business will report earnings of ($0.71) per share, with EPS estimates ranging from ($0.78) to ($0.65). Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Tenable.
Tenable (NASDAQ:TENB) last issued its quarterly earnings results on Tuesday, October 30th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.03. The company had revenue of $69.40 million during the quarter, compared to analyst estimates of $66.28 million. The firm’s quarterly revenue was up 41.6% on a year-over-year basis.
Several equities research analysts have commented on the company. Wedbush assumed coverage on Tenable in a report on Thursday, October 18th. They issued an “outperform” rating and a $38.00 target price on the stock. Berenberg Bank initiated coverage on Tenable in a report on Thursday, November 29th. They issued a “buy” rating and a $38.00 target price on the stock. Morgan Stanley set a $30.00 price target on Tenable and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research cut Tenable from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $37.67.
Shares of NASDAQ:TENB opened at $24.42 on Friday. Tenable has a twelve month low of $20.00 and a twelve month high of $39.38.
Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP purchased a new stake in Tenable during the third quarter valued at $27,747,000. Zimmer Partners LP purchased a new stake in Tenable during the third quarter valued at $778,000. Jane Street Group LLC purchased a new stake in Tenable during the third quarter valued at $1,354,000. Citadel Advisors LLC purchased a new stake in Tenable during the third quarter valued at $13,997,000. Finally, Steadfast Capital Management LP purchased a new stake in Tenable during the third quarter valued at $2,333,000. Hedge funds and other institutional investors own 44.63% of the company’s stock.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.
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