Tenable (TENB) Scheduled to Post Earnings on Wednesday

Tenable (NASDAQ:TENB) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Tenable had a negative return on equity of 7.63% and a negative net margin of 7.77%. The firm had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $218.41 million. On average, analysts expect Tenable to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tenable Stock Down 2.4 %

TENB stock opened at $40.65 on Tuesday. Tenable has a 1-year low of $33.85 and a 1-year high of $53.50. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of -72.59 and a beta of 0.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $40.87 and its 200 day moving average is $42.38.

Analyst Ratings Changes

TENB has been the subject of several research reports. Stifel Nicolaus cut their target price on shares of Tenable from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Susquehanna reduced their price objective on Tenable from $60.00 to $48.00 and set a “positive” rating on the stock in a research report on Thursday, August 1st. Canaccord Genuity Group dropped their target price on Tenable from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Tenable in a research note on Friday, September 13th. Finally, Baird R W raised shares of Tenable to a “strong-buy” rating in a research note on Monday, July 15th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Insiders Place Their Bets

In related news, CEO Amit Yoran sold 5,673 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares in the company, valued at $1,641,150.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tenable news, CFO Stephen A. Vintz sold 3,413 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $41.75, for a total transaction of $142,492.75. Following the transaction, the chief financial officer now owns 278,493 shares in the company, valued at approximately $11,627,082.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amit Yoran sold 5,673 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $41.75, for a total value of $236,847.75. Following the completion of the transaction, the chief executive officer now owns 39,309 shares of the company’s stock, valued at approximately $1,641,150.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,469 shares of company stock worth $520,276. 4.30% of the stock is currently owned by company 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.