Brokerages Anticipate Tenable Holdings Inc (NASDAQ:TENB) to Post -$0.15 EPS

Analysts predict that Tenable Holdings Inc (NASDAQ:TENB) will announce earnings per share (EPS) of ($0.15) for the current quarter, according to Zacks. Six analysts have made estimates for Tenable’s earnings, with estimates ranging from ($0.15) to ($0.14). Tenable posted earnings per share of ($0.18) in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that Tenable will report full year earnings of ($0.55) per share for the current year, with EPS estimates ranging from ($0.56) to ($0.54). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.51) to ($0.39). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Tenable.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.05. The business had revenue of $80.30 million during the quarter, compared to the consensus estimate of $78.37 million. The business’s revenue for the quarter was up 35.9% on a year-over-year basis.

TENB has been the subject of a number of recent research reports. Wedbush restated a “buy” rating and issued a $44.00 price objective on shares of Tenable in a report on Monday, May 27th. Macquarie initiated coverage on shares of Forescout Technologies in a report on Tuesday, July 16th. They issued a “neutral” rating and a $41.00 price objective for the company. Zacks Investment Research lowered shares of Zynex from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Cowen lowered their price objective on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a report on Thursday, May 23rd. Finally, Nomura boosted their price objective on shares of Square from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.90.

In related news, General Counsel Stephen A. Riddick sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen A. Vintz sold 75,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.77, for a total transaction of $2,532,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 279,716 shares of company stock valued at $8,829,631 over the last quarter. 31.90% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Tenable by 3.9% in the 4th quarter. BlackRock Inc. now owns 955,614 shares of the company’s stock worth $21,206,000 after buying an additional 35,472 shares during the period. FMR LLC lifted its stake in shares of Tenable by 336.7% in the 1st quarter. FMR LLC now owns 678,769 shares of the company’s stock worth $21,489,000 after purchasing an additional 523,335 shares during the period. Marshall Wace LLP bought a new position in shares of Tenable in the 1st quarter worth approximately $14,612,000. Sylebra HK Co Ltd raised its stake in Tenable by 851.0% during the 4th quarter. Sylebra HK Co Ltd now owns 285,304 shares of the company’s stock worth $6,331,000 after acquiring an additional 255,304 shares during the period. Finally, Glynn Capital Management LLC raised its stake in Tenable by 699.0% during the 1st quarter. Glynn Capital Management LLC now owns 278,610 shares of the company’s stock worth $8,821,000 after acquiring an additional 243,741 shares during the period. Institutional investors and hedge funds own 53.51% of the company’s stock.

Shares of TENB traded up $0.12 during mid-day trading on Friday, reaching $30.52. The company’s stock had a trading volume of 428,841 shares, compared to its average volume of 529,236. The firm has a market capitalization of $2.94 billion and a PE ratio of -22.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.60 and a current ratio of 1.60. Tenable has a 52 week low of $20.00 and a 52 week high of $39.38. The stock’s fifty day moving average price is $28.12.

About Tenable

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

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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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