Tenable (TENB) to Release Quarterly Earnings on Wednesday

Tenable (NASDAQ:TENB) is set to issue its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Parties 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, May 1st. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. Tenable had a negative return on equity of 10.40% and a negative net margin of 8.18%. The business had revenue of $215.96 million during the quarter, compared to analyst estimates of $213.56 million. 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. Tenable has a 52 week low of $33.85 and a 52 week high of $53.50. The business has a fifty day simple moving average of $42.32 and a 200-day simple moving average of $45.51. The firm has a market cap of $5.13 billion, a P/E ratio of -74.38 and a beta of 0.86. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.00.

Analysts Set New Price Targets

A number of research firms recently issued reports on TENB. Baird R W upgraded Tenable to a “strong-buy” rating in a report on Monday, July 15th. Westpark Capital reiterated a “buy” rating and issued a $54.00 target price on shares of Tenable in a report on Monday. Robert W. Baird began coverage on Tenable in a report on Monday, July 15th. They issued an “outperform” rating and a $55.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Tenable in a report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Tenable in a report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tenable presently has an average rating of “Moderate Buy” and an average target price of $56.67.

Insiders Place Their Bets

In other Tenable news, COO Mark C. Thurmond sold 949 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the transaction, the chief operating officer now owns 32,906 shares in the company, valued at approximately $1,446,876.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $43.97, for a total transaction of $41,727.53. Following the sale, the chief operating officer now owns 32,906 shares of the company’s stock, valued at approximately $1,446,876.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Amit Yoran sold 4,851 shares of the company’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 value of $212,279.76. Following the completion of the sale, the chief executive officer now directly owns 361,457 shares in the company, valued at approximately $15,817,358.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,132 shares of company stock worth $1,049,183. Company insiders own 4.30% of the company’s stock.

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.