Tenable (TENB) to Release Quarterly Earnings on Wednesday

Tenable (NASDAQ:TENB) will announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last posted its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $215.96 million for the quarter, compared to analyst estimates of $213.56 million. Tenable had a negative net margin of 8.18% and a negative return on equity of 10.40%. On average, analysts expect Tenable to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tenable Trading Down 0.1 %

TENB opened at $43.14 on Tuesday. The firm’s fifty day moving average is $42.32 and its two-hundred day moving average is $45.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $5.13 billion, a PE ratio of -74.38 and a beta of 0.86. Tenable has a twelve month low of $33.85 and a twelve month high of $53.50.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Scotiabank assumed coverage on shares of Tenable in a report on Friday, April 26th. They issued a “sector perform” rating and a $47.00 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 target price on shares of Tenable in a research report on Friday, June 14th. Robert W. Baird started coverage on shares of Tenable in a research report on Monday, July 15th. They issued an “outperform” rating and a $55.00 target price for the company. Baird R W raised shares of Tenable to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Tenable in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and an average price target of $56.67.

Insiders Place Their Bets

In other Tenable news, COO Mark C. Thurmond sold 949 shares of Tenable stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total value of $41,727.53. Following the completion of the sale, the chief operating officer now owns 32,906 shares in the company, valued at approximately $1,446,876.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Mark C. Thurmond sold 949 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $43.97, for a total value of $41,727.53. Following the completion of the transaction, the chief operating officer now directly owns 32,906 shares in the company, valued at approximately $1,446,876.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amit Yoran sold 4,851 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $43.76, for a total transaction of $212,279.76. Following the completion of the transaction, the chief executive officer now owns 361,457 shares of the company’s stock, valued at $15,817,358.32. The disclosure for this sale can be found here. Insiders sold 24,132 shares of company stock worth $1,049,183 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

About Tenable

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.