Tenable (TENB) to Release Earnings on Wednesday

Tenable (NASDAQ:TENB) is set to announce 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. Parties that wish to listen to the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, February 6th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. The firm had revenue of $213.31 million during the quarter, compared to analyst estimates of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. 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

Tenable stock opened at $45.66 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. Tenable has a 52-week low of $33.85 and a 52-week high of $53.50. The firm’s fifty day moving average is $47.29 and its 200 day moving average is $45.16. The company has a market cap of $5.42 billion, a price-to-earnings ratio of -67.15 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TENB. Westpark Capital raised Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Friday, January 12th. Wells Fargo & Company raised their price objective on Tenable from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Morgan Stanley raised shares of Tenable from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $46.00 to $60.00 in a research report on Tuesday, January 9th. Truist Financial upped their price objective on Tenable from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $62.00 price objective on shares of Tenable in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.20.

Insider Buying and Selling

In other news, COO Mark C. Thurmond sold 3,976 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the completion of the transaction, the chief operating officer now directly owns 53,500 shares of the company’s stock, valued at approximately $2,532,690. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 15,505 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the completion of the sale, the chief financial officer now owns 257,924 shares in the company, valued at $12,782,713.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Mark C. Thurmond sold 3,976 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $47.34, for a total transaction of $188,223.84. Following the transaction, the chief operating officer now directly owns 53,500 shares in the company, valued at $2,532,690. The disclosure for this sale can be found here. Insiders sold 317,382 shares of company stock worth $15,021,615 over the last 90 days. 4.30% of the stock is 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.