Tenable (NASDAQ:TENB) Updates FY 2024 Earnings Guidance

Tenable (NASDAQ:TENBGet Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.210-1.230 for the period, compared to the consensus estimate of 1.180. The company issued revenue guidance of $893.3 million-$897.3 million, compared to the consensus revenue estimate of $892.6 million. Tenable also updated its FY24 guidance to $1.21-$1.23 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Tenable from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Tuesday. Truist Financial restated a “buy” rating and set a $55.00 target price (down from $60.00) on shares of Tenable in a report on Thursday, August 1st. Canaccord Genuity Group lowered their price objective on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Robert W. Baird cut their target price on shares of Tenable from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Tenable currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.38.

View Our Latest Analysis on TENB

Tenable Trading Down 1.4 %

Shares of TENB traded down $0.57 during trading hours on Wednesday, reaching $41.23. 1,323,481 shares of the company traded hands, compared to its average volume of 904,614. Tenable has a 12 month low of $33.85 and a 12 month high of $53.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.98. The company’s fifty day moving average price is $40.83 and its two-hundred day moving average price is $42.27. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -73.63 and a beta of 0.83.

Tenable (NASDAQ:TENBGet Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $218.41 million. Equities research analysts predict that Tenable will post -0.06 earnings per share for the current fiscal year.

Insider Activity at Tenable

In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Mark C. Thurmond sold 3,383 shares of Tenable stock in a transaction that occurred on Monday, August 26th. The shares were 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 approximately $1,419,731.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total value of $142,492.75. Following the completion of the sale, the chief financial officer now owns 278,493 shares in the company, valued at $11,627,082.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,469 shares of company stock worth $520,276 over the last ninety days. 4.30% of the stock is owned by corporate insiders.

Tenable Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Tenable (NASDAQ:TENB)

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