Tenable (TENB) Reaches New 52-Week Low at $25.77
Tenable Holdings Inc (NASDAQ:TENB) shares reached a new 52-week low on Tuesday . The company traded as low as $25.77 and last traded at $26.26, with a volume of 2913 shares trading hands. The stock had previously closed at $27.51.
TENB has been the subject of a number of analyst reports. Wedbush restated a “buy” rating and issued a $38.00 price target on shares of Tenable in a research note on Wednesday, October 31st. BTIG Research initiated coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Zacks Investment Research downgraded Tenable from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Morgan Stanley set a $30.00 price target on Tenable and gave the company a “hold” rating in a research note on Wednesday, October 31st. Finally, Deutsche Bank initiated coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.60.
Tenable (NASDAQ:TENB) last released its quarterly earnings data on Tuesday, October 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.03. The business had revenue of $69.40 million during the quarter, compared to analyst estimates of $66.28 million. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. As a group, equities research analysts predict that Tenable Holdings Inc will post -0.91 earnings per share for the current fiscal year.
About Tenable (NASDAQ:TENB)
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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