Analysts Expect Tenable Holdings Inc (NASDAQ:TENB) Will Post Earnings of -$0.11 Per Share

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Equities analysts expect Tenable Holdings Inc (NASDAQ:TENB) to report ($0.11) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Tenable’s earnings, with the lowest EPS estimate coming in at ($0.12) and the highest estimate coming in at ($0.11). Tenable reported earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.3%. The business is expected to issue its next earnings report on Tuesday, February 4th.

On average, analysts expect that Tenable will report full year earnings of ($0.42) per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of ($0.36) per share, with EPS estimates ranging from ($0.42) to ($0.23). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Tenable.

Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. The firm had revenue of $91.90 million for the quarter, compared to analyst estimates of $88.79 million. Tenable had a negative net margin of 24.14% and a negative return on equity of 64.40%. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS.

A number of research firms have issued reports on TENB. JPMorgan Chase & Co. upgraded shares of Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 30th. Deutsche Bank set a $38.00 target price on shares of Tenable and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wedbush restated a “buy” rating and set a $44.00 target price on shares of Tenable in a research report on Wednesday, July 31st. Stifel Nicolaus set a $38.00 target price on shares of Tenable and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Nomura set a $29.00 target price on shares of Tenable and gave the company a “hold” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tenable has an average rating of “Buy” and a consensus target price of $33.91.

In related news, Director John C. Huffard, Jr. sold 25,466 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $24.98, for a total transaction of $636,140.68. Also, Director John C. Huffard, Jr. sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $25.48, for a total value of $1,274,000.00. Corporate insiders own 31.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TENB. Tower Research Capital LLC TRC bought a new stake in Tenable during the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC increased its stake in Tenable by 333.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,668 shares of the company’s stock worth $105,000 after purchasing an additional 3,592 shares in the last quarter. Bank of Montreal Can increased its stake in Tenable by 1,850.0% during the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after purchasing an additional 4,107 shares in the last quarter. Diversified Trust Co bought a new stake in Tenable during the 3rd quarter worth approximately $205,000. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Tenable during the 1st quarter worth approximately $244,000. 53.30% of the stock is owned by institutional investors and hedge funds.

Tenable stock traded up $0.54 on Tuesday, hitting $25.96. The company’s stock had a trading volume of 215,300 shares, compared to its average volume of 717,318. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.05. Tenable has a one year low of $20.00 and a one year high of $36.26. The firm has a market cap of $2.40 billion, a P/E ratio of -19.09 and a beta of 2.72. The company has a fifty day moving average price of $23.04 and a 200-day moving average price of $26.12.

Tenable Company Profile

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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