Tenable (TENB) to Release Earnings on Wednesday

Tenable (NASDAQ:TENB) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. The firm had revenue of $213.31 million for the quarter, compared to the consensus estimate of $206.95 million. On average, analysts expect Tenable to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tenable Stock Down 0.7 %

NASDAQ TENB opened at $45.66 on Tuesday. Tenable has a fifty-two week low of $33.85 and a fifty-two week high of $53.50. The business has a fifty day moving average price of $47.29 and a two-hundred day moving average price of $45.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $5.42 billion, a PE ratio of -67.15 and a beta of 0.94.

Insider Activity at Tenable

In related news, Director Linda Kay Zecher sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now owns 2 shares of the company’s stock, valued at $101.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Mark C. Thurmond sold 1,089 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total transaction of $51,977.97. Following the transaction, the chief operating officer now directly owns 48,846 shares of the company’s stock, valued at $2,331,419.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Kay Zecher sold 2,600 shares of Tenable stock in a transaction on Friday, February 9th. The stock was sold at an average price of $50.75, for a total transaction of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares in the company, valued at $101.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 317,382 shares of company stock worth $15,021,615. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stephens raised their price target on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, February 7th. Morgan Stanley raised Tenable from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $60.00 in a report on Tuesday, January 9th. Susquehanna lifted their price target on Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Needham & Company LLC reiterated a “buy” rating and issued a $62.00 price objective on shares of Tenable in a report on Tuesday, April 23rd. Finally, Scotiabank started coverage on shares of Tenable in a report on Friday. They set a “sector perform” rating and a $47.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.20.

Tenable Company Profile

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.