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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.
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.
The Company reports October 27th. Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 30-day moving average.
Entry point: $37.75
52-week trade range: $16.28 to $41.80
Stop/Loss: $34.00
Target Price: $41.53
TENB closed at $41.20
