Tenable (TENB) Set to Announce Quarterly Earnings on Wednesday

Tenable (NASDAQ:TENB) is scheduled to be announcing 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 wish to register for the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last released its earnings results on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Tenable had a negative return on equity of 15.19% and a negative net margin of 9.80%. The firm had revenue of $213.31 million for the quarter, compared to analysts’ expectations 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 Price Performance

NASDAQ TENB opened at $46.15 on Wednesday. Tenable has a 12 month low of $33.85 and a 12 month high of $53.50. The stock’s fifty day moving average price is $47.71 and its 200-day moving average price is $45.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.19 and a quick ratio of 1.19.

Insider Buying and Selling at Tenable

In other Tenable news, Director Linda Kay Zecher sold 2,600 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total value of $131,950.00. Following the transaction, the director now owns 2 shares of the company’s stock, valued at $101.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Tenable news, COO Mark C. Thurmond sold 1,089 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $47.73, for a total value of $51,977.97. Following the transaction, the chief operating officer now owns 48,846 shares of the company’s stock, valued at $2,331,419.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Linda Kay Zecher sold 2,600 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $50.75, for a total value of $131,950.00. Following the completion of the transaction, the director now directly owns 2 shares in the company, valued at approximately $101.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 317,382 shares of company stock valued at $15,021,615. 4.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TENB shares. Susquehanna increased their target price on Tenable from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, February 8th. Stephens increased their target price on Tenable from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Tenable in a research report on Tuesday. Westpark Capital raised Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, January 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Tenable in a research report on Wednesday, April 10th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.63.

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.