Analysts predict that Tenable Holdings Inc (NASDAQ:TENB) will report earnings of ($0.14) per share for the current quarter, Zacks Investment Research reports. Five analysts have made 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 earnings report on Tuesday, January 29th.
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 financial year, analysts anticipate that the firm will report earnings of ($0.71) per share, with EPS estimates ranging from ($0.78) to ($0.65). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Tenable.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, October 30th. The company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.03. The company had revenue of $69.40 million for the quarter, compared to analyst estimates of $66.28 million. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis.
Several research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Tenable in a research report on Monday, August 20th. They set a “buy” rating and a $43.00 price target on the stock. Wedbush reissued a “buy” rating and set a $38.00 target price on shares of Tenable in a report on Wednesday, October 31st. Zacks Investment Research lowered Tenable from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. began coverage on Tenable in a report on Monday, August 20th. They set a “neutral” rating and a $36.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Tenable from $31.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.60.
Shares of NASDAQ:TENB traded down $2.57 during trading on Friday, hitting $29.21. 260,612 shares of the company were exchanged, compared to its average volume of 373,278. Tenable has a fifty-two week low of $26.10 and a fifty-two week high of $39.38.
Several hedge funds have recently bought and sold shares of TENB. Strs Ohio acquired a new position in shares of Tenable during the 3rd quarter worth approximately $139,000. Insight Holdings Group LLC acquired a new position in shares of Tenable during the 3rd quarter worth approximately $1,102,826,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Tenable during the 3rd quarter worth approximately $11,202,000. First Trust Advisors LP acquired a new position in shares of Tenable during the 3rd quarter worth approximately $27,747,000. Finally, Glynn Capital Management LLC acquired a new position in shares of Tenable during the 3rd quarter worth approximately $1,356,000. 31.57% of the stock is currently owned by institutional investors and hedge funds.
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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