$72.79 Million in Sales Expected for Tenable Holdings Inc (TENB) This Quarter

Analysts expect that Tenable Holdings Inc (NASDAQ:TENB) will report $72.79 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Tenable’s earnings, with the highest sales estimate coming in at $72.90 million and the lowest estimate coming in at $72.70 million. The company is scheduled to announce its next earnings report on Tuesday, January 29th.

On average, analysts expect that Tenable will report full-year sales of $264.95 million for the current financial year, with estimates ranging from $264.84 million to $265.10 million. For the next year, analysts expect that the firm will post sales of $334.65 million, with estimates ranging from $330.13 million to $342.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Tenable.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Tuesday, October 30th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.03. The firm had revenue of $69.40 million for the quarter, compared to the consensus estimate of $66.28 million. Tenable’s revenue for the quarter was up 41.6% on a year-over-year basis.

Several equities research analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating and a $43.00 price objective for the company. Wedbush restated a “buy” rating and issued a $38.00 price objective on shares of Tenable in a research note on Wednesday, October 31st. Zacks Investment Research lowered Tenable from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Tenable in a research note on Monday, August 20th. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Morgan Stanley upped their price objective on Tenable from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $37.60.

A number of hedge funds have recently modified their holdings of TENB. JPMorgan Chase & Co. purchased a new stake in Tenable in the 3rd quarter worth $113,000. Strs Ohio purchased a new stake in Tenable in the 3rd quarter worth $139,000. Keybank National Association OH purchased a new stake in Tenable in the 3rd quarter worth $307,000. American International Group Inc. purchased a new stake in Tenable in the 3rd quarter worth $325,000. Finally, Alliancebernstein L.P. purchased a new stake in Tenable in the 3rd quarter worth $334,000. Institutional investors and hedge funds own 31.57% of the company’s stock.

Shares of NASDAQ:TENB traded down $2.57 during midday trading on Monday, hitting $29.21. The company had a trading volume of 260,612 shares, compared to its average volume of 373,278. Tenable has a 12-month low of $26.10 and a 12-month high of $39.38.

Tenable Company Profile

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

Read More: Stock Symbols and CUSIP Explained

Get a free copy of the Zacks research report on Tenable (TENB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Tenable (NASDAQ:TENB)

Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit