Analysts predict that Tenable Holdings Inc (NASDAQ:TENB) will report $82.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Tenable’s earnings, with estimates ranging from $82.60 million to $82.70 million. Tenable reported sales of $63.59 million in the same quarter last year, which indicates a positive year over year growth rate of 30%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, July 30th.

According to Zacks, analysts expect that Tenable will report full-year sales of $345.13 million for the current fiscal year, with estimates ranging from $341.78 million to $347.00 million. For the next year, analysts forecast that the company will post sales of $432.11 million, with estimates ranging from $423.80 million to $443.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Tenable.

Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.05. The business had revenue of $80.30 million during the quarter, compared to analyst estimates of $78.37 million. Tenable’s quarterly revenue was up 35.9% on a year-over-year basis.

Several analysts have recently commented on TENB shares. Nomura raised their price target on Square from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, June 28th. Macquarie initiated coverage on Forescout Technologies in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $41.00 price objective for the company. Zacks Investment Research downgraded Zynex from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Wedbush reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Tenable in a research note on Monday, May 27th. Finally, Cowen dropped their price objective on Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.90.

Shares of TENB traded up $0.12 during mid-day trading on Tuesday, hitting $30.52. The company’s stock had a trading volume of 428,841 shares, compared to its average volume of 529,236. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.60. The business has a 50-day moving average of $28.12. The stock has a market capitalization of $2.94 billion and a price-to-earnings ratio of -22.44. Tenable has a 1-year low of $20.00 and a 1-year high of $39.38.

In other Tenable news, CEO Amit Yoran sold 10,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $30.50, for a total transaction of $305,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen A. Vintz sold 75,000 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $33.77, for a total value of $2,532,750.00. The disclosure for this sale can be found here. Insiders have sold 279,716 shares of company stock valued at $8,829,631 in the last three months. 31.90% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its position in shares of Tenable by 1,743.0% in the fourth quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock valued at $41,000 after purchasing an additional 1,743 shares during the period. Metropolitan Life Insurance Co. NY grew its position in shares of Tenable by 193.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock valued at $89,000 after purchasing an additional 2,659 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Tenable in the first quarter valued at $205,000. BNP Paribas Arbitrage SA grew its position in shares of Tenable by 4,624.1% in the first quarter. BNP Paribas Arbitrage SA now owns 6,472 shares of the company’s stock valued at $205,000 after purchasing an additional 6,335 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Tenable in the first quarter valued at $226,000. 53.51% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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