Tenable (TENB) Scheduled to Post Earnings on Tuesday

Tenable (NASDAQ:TENBGet Rating) is set to post its quarterly earnings results after the market closes on Tuesday, April 26th. Analysts expect Tenable to post earnings of ($0.15) per share for the quarter. Tenable has set its Q1 guidance at $0.04 to $0.05 EPS and its FY22 guidance at $0.15 to $0.19 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Tenable (NASDAQ:TENBGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. Tenable had a negative return on equity of 21.32% and a negative net margin of 8.63%. The firm had revenue of $149.02 million for the quarter, compared to analyst estimates of $144.55 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue was up 26.2% on a year-over-year basis. On average, analysts expect Tenable to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ TENB opened at $58.52 on Tuesday. The company has a 50-day moving average of $54.34. Tenable has a 12 month low of $35.53 and a 12 month high of $63.61. The company has a market cap of $6.42 billion, a price-to-earnings ratio of -136.09 and a beta of 1.60. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.55 and a quick ratio of 1.55.

A number of equities research analysts have commented on the company. Piper Sandler upped their price target on Tenable from $65.00 to $72.00 in a research report on Thursday, January 6th. Wedbush restated a “buy” rating and set a $70.00 target price on shares of Tenable in a research report on Wednesday, February 2nd. Canaccord Genuity Group cut their target price on Tenable from $68.00 to $62.00 in a research report on Tuesday, February 22nd. Morgan Stanley upped their target price on Tenable from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. Finally, Zacks Investment Research upgraded Tenable from a “sell” rating to a “hold” rating in a research report on Saturday, March 5th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $64.93.

In related news, CEO Amit Yoran sold 100,000 shares of Tenable stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $62.44, for a total transaction of $6,244,000.00. Following the sale, the chief executive officer now directly owns 180,245 shares in the company, valued at $11,254,497.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur W. Coviello, Jr. sold 19,166 shares of Tenable stock in a transaction on Friday, April 1st. The stock was sold at an average price of $57.83, for a total value of $1,108,369.78. Following the sale, the director now owns 20,917 shares in the company, valued at $1,209,630.11. The disclosure for this sale can be found here. Insiders sold 242,646 shares of company stock worth $13,701,727 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its position in shares of Tenable by 196.2% in the fourth quarter. Allianz Asset Management GmbH now owns 1,676,747 shares of the company’s stock valued at $92,338,000 after purchasing an additional 1,110,745 shares in the last quarter. Morgan Stanley grew its position in shares of Tenable by 29.0% in the second quarter. Morgan Stanley now owns 1,070,717 shares of the company’s stock valued at $44,272,000 after purchasing an additional 240,686 shares in the last quarter. Deutsche Bank AG grew its position in shares of Tenable by 54.7% in the fourth quarter. Deutsche Bank AG now owns 525,875 shares of the company’s stock valued at $28,960,000 after purchasing an additional 186,045 shares in the last quarter. Marshall Wace LLP grew its position in shares of Tenable by 88.8% in the fourth quarter. Marshall Wace LLP now owns 122,866 shares of the company’s stock valued at $6,766,000 after purchasing an additional 57,798 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Tenable by 27.7% in the fourth quarter. Wells Fargo & Company MN now owns 93,452 shares of the company’s stock valued at $5,146,000 after purchasing an additional 20,264 shares in the last quarter. 82.30% of the stock is owned by institutional investors and hedge funds.

About Tenable (Get Rating)

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.io, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; Tenable.io WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface.

Further Reading

Earnings History for Tenable (NASDAQ:TENB)

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