Scotiabank Issues Pessimistic Estimate for Tenable Earnings

Tenable Holdings, Inc. (NASDAQ:TENB) – Equities researchers at Scotiabank cut their FY2027 earnings per share estimates for shares of Tenable in a research note issued to investors on Friday, May 29th. Scotiabank analyst P. Colville now expects that the company will post earnings of $0.61 per share for the year, down from their previous estimate of $0.64. Scotiabank has a “Sector Perform” rating and a $22.00 price objective on the stock. The consensus estimate for Tenable’s current full-year earnings is $0.49 per share.

TENB has been the topic of several other research reports. Canaccord Genuity Group boosted their target price on Tenable from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley set a $27.00 target price on Tenable in a research note on Thursday, April 30th. Zacks Research cut Tenable from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Robert W. Baird set a $34.00 price target on Tenable in a research report on Thursday, April 30th. Finally, Stephens boosted their price target on Tenable from $24.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.16.

Tenable Stock Performance

NASDAQ TENB opened at $28.23 on Monday. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of -282.30 and a beta of 0.98. The stock’s 50 day moving average price is $20.51 and its two-hundred day moving average price is $22.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. Tenable has a 52 week low of $15.73 and a 52 week high of $35.69.

Tenable (NASDAQ:TENB) last released its earnings results on Wednesday, April 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $262.06 million for the quarter, compared to analysts’ expectations of $258.83 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Tenable has set its FY 2026 guidance at 1.900-1.980 EPS and its Q2 2026 guidance at 0.460-0.48 EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Tenable by 11.5% during the 1st quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after acquiring an additional 12,868 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Tenable by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after acquiring an additional 17,349 shares during the period. Jane Street Group LLC raised its stake in Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after acquiring an additional 51,266 shares during the period. Invesco Ltd. raised its stake in Tenable by 12.9% in the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after acquiring an additional 13,903 shares during the period. Finally, Amundi raised its stake in Tenable by 52.0% in the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock valued at $2,974,000 after acquiring an additional 30,256 shares during the period. Institutional investors and hedge funds own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.