 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Tenable Holdings, Inc. (TENB) engages in the development of security software solutions.
It offers Cyber Exposure which is a discipline for managing and measuring cybersecurity risk in the digital era. Its products include tenable.io, tenable.sc, tenable.ot, and nessus professional.
The firm delivers solutions in the field of application security, cloud security, compliance, energy, finance, healthcare, and retail.
The company was founded by John C. Huffard, Jr. and Renaud M. Deraison in 2002 and is headquartered in Columbia, MD.
Tenable Holdings, Inc. reported 2nd Quarter June 2020 earnings of $0.04 per share on revenue of $107.2 million. The consensus estimate was a loss of $0.05 per share on revenue of $102.0 million. Revenue grew 25.6% on a year-over-year basis.
The company said it expects third quarter non-GAAP earnings of $0.02 to $0.03 per share on revenue of $108.0 million to $110.0 million and 2020 results to range from breakeven to earnings of $0.03 per share on revenue of $428.0 million to $433.0 million. The current consensus estimate is a loss of $0.05 per share on revenue of $107.8 million for the quarter ending September 30, 2020 and a loss of $0.25 per share on revenue of $427.5 million for the year ending December 31, 2020.
After reporting strong earnings on July 28th, this stock should be moving higher. Tenable also announced that it will be participating in upcoming investor conferences, which suggests the company is in a phase of strong growth.
Entry point: $32.50
52-week trade range: $16.28 - $36.51
Stop/Loss: $30.85
Target Price: $35.75
TENB closed at $37.07.
