Tenable (NASDAQ:TENB – Get Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.330-0.350 for the period, compared to the consensus estimate of 0.330. The company issued revenue guidance of $229.0 million-$233.0 million, compared to the consensus revenue estimate of $232.0 million. Tenable also updated its FY 2024 guidance to 1.210-1.230 EPS.
Analyst Upgrades and Downgrades
TENB has been the subject of several research analyst reports. Morgan Stanley cut their target price on Tenable from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (down previously from $60.00) on shares of Tenable in a research report on Thursday, August 1st. Wells Fargo & Company dropped their target price on shares of Tenable from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Barclays cut their target price on shares of Tenable from $57.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Tenable in a report on Tuesday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.38.
View Our Latest Stock Report on TENB
Tenable Trading Down 1.4 %
Tenable (NASDAQ:TENB – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. The company had revenue of $221.24 million during the quarter, compared to the consensus estimate of $218.41 million. As a group, equities analysts forecast that Tenable will post -0.06 earnings per share for the current year.
Insider Transactions at Tenable
In other Tenable news, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $41.66, for a total value of $140,935.78. Following the completion of the sale, the chief operating officer now owns 34,079 shares of the company’s stock, valued at $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Amit Yoran sold 5,673 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the sale, the chief executive officer now directly owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mark C. Thurmond sold 3,383 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $41.66, for a total transaction of $140,935.78. Following the completion of the transaction, the chief operating officer now directly owns 34,079 shares in the company, valued at $1,419,731.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,469 shares of company stock worth $520,276. 4.30% of the stock is currently owned by insiders.
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.
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