Wall Street brokerages expect Tenable Holdings Inc (NASDAQ:TENB) to announce earnings per share of ($0.11) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Tenable’s earnings, with the highest EPS estimate coming in at ($0.11) and the lowest estimate coming in at ($0.12). Tenable posted earnings per share of ($0.12) in the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Tenable will report full-year earnings of ($0.42) per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.42) to ($0.23). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Tenable.
Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.17. The business had revenue of $91.90 million for the quarter, compared to analyst estimates of $88.79 million. Tenable had a negative return on equity of 64.46% and a negative net margin of 24.14%. The company’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) EPS.
TENB has been the topic of a number of recent analyst reports. SunTrust Banks assumed coverage on shares of Tenable in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 target price on the stock. Zacks Investment Research upgraded shares of Tenable from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised shares of Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.70.
In other news, CEO Amit Yoran sold 36,363 shares of Tenable stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.87, for a total transaction of $1,013,436.81. Following the completion of the sale, the chief executive officer now directly owns 1,431,498 shares of the company’s stock, valued at approximately $39,895,849.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Huffard, Jr. sold 50,000 shares of Tenable stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $25.48, for a total transaction of $1,274,000.00. Insiders sold a total of 115,189 shares of company stock worth $3,017,192 in the last ninety days. 31.90% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new stake in shares of Tenable during the 2nd quarter worth approximately $31,000. Bank of Montreal Can boosted its position in Tenable by 1,850.0% during the second 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 acquired a new stake in Tenable in the 3rd quarter valued at about $205,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Tenable in the 1st quarter valued at approximately $244,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Tenable by 40.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock valued at $259,000 after purchasing an additional 2,630 shares in the last quarter. Institutional investors own 60.08% of the company’s stock.
TENB traded down $0.84 on Thursday, hitting $25.78. The company had a trading volume of 8,036 shares, compared to its average volume of 329,633. The firm has a market cap of $2.67 billion, a P/E ratio of -18.99 and a beta of 2.73. Tenable has a 1 year low of $20.00 and a 1 year high of $36.26. The company’s fifty day moving average price is $25.00 and its 200 day moving average price is $25.67. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.31.
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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