Tenable (NASDAQ:TENB) Issues FY 2022 Earnings Guidance

Tenable (NASDAQ:TENBGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.160-$0.200 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.180. The company issued revenue guidance of $673 million-$679 million, compared to the consensus revenue estimate of $667.65 million.Tenable also updated its Q2 2022 guidance to $0.010-$0.020 EPS.

A number of research firms have recently weighed in on TENB. Canaccord Genuity Group increased their price objective on Tenable from $62.00 to $75.00 and gave the company a buy rating in a research note on Thursday, April 21st. Canaccord Genuity Group increased their price objective on Tenable from $62.00 to $75.00 in a research note on Thursday, April 21st. Morgan Stanley increased their price objective on Tenable from $60.00 to $63.00 and gave the company an overweight rating in a research note on Wednesday, February 2nd. Stifel Nicolaus dropped their price objective on Tenable from $70.00 to $63.00 and set a buy rating for the company in a research note on Monday, March 21st. Finally, Zacks Investment Research raised Tenable from a sell rating to a hold rating in a research note on Saturday, March 5th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tenable has an average rating of Buy and a consensus target price of $66.47.

TENB traded down $2.40 during trading on Tuesday, reaching $55.52. The stock had a trading volume of 1,361,499 shares, compared to its average volume of 1,185,544. The firm’s 50 day simple moving average is $55.19. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $6.12 billion, a P/E ratio of -129.11 and a beta of 1.60. Tenable has a one year low of $35.53 and a one year high of $63.61.

Tenable (NASDAQ:TENBGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, topping 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 business had revenue of $149.02 million during the quarter, compared to the consensus estimate of $144.55 million. During the same quarter in the prior year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Research analysts predict that Tenable will post -0.7 EPS for the current year.

In related news, Director Arthur W. Coviello, Jr. sold 19,166 shares of the stock in a transaction on Friday, April 1st. The stock was sold at an average price of $57.83, for a total transaction of $1,108,369.78. Following the sale, the director now directly owns 20,917 shares of the company’s stock, valued at $1,209,630.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Amit Yoran sold 35,000 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $59.46, for a total value of $2,081,100.00. Following the sale, the chief executive officer now directly owns 180,245 shares in the company, valued at $10,717,367.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 277,646 shares of company stock worth $15,782,827. Insiders own 8.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC purchased a new position in Tenable in the fourth quarter worth about $212,000. Penserra Capital Management LLC purchased a new position in Tenable in the fourth quarter worth about $376,000. Advisors Asset Management Inc. boosted its position in Tenable by 34.0% in the fourth quarter. Advisors Asset Management Inc. now owns 8,134 shares of the company’s stock worth $448,000 after purchasing an additional 2,062 shares during the last quarter. LPL Financial LLC boosted its position in Tenable by 63.8% in the fourth quarter. LPL Financial LLC now owns 9,682 shares of the company’s stock worth $533,000 after purchasing an additional 3,770 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its position in Tenable by 18.0% in the fourth quarter. Vident Investment Advisory LLC now owns 11,183 shares of the company’s stock worth $616,000 after purchasing an additional 1,707 shares during the last quarter. 82.30% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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