Tenable (TENB) Set to Announce Quarterly Earnings on Wednesday

Tenable (NASDAQ:TENB) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.06. The company had revenue of $213.31 million during the quarter, compared to the consensus estimate of $206.95 million. Tenable had a negative net margin of 9.80% and a negative return on equity of 15.19%. On average, analysts expect Tenable to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tenable Trading Up 2.5 %

Shares of TENB stock opened at $46.15 on Wednesday. Tenable has a 52 week low of $33.85 and a 52 week high of $53.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average of $47.71 and a 200-day moving average of $45.10.

Insider Transactions at Tenable

In other news, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total transaction of $768,427.80. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,782,713.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Stephen A. Vintz sold 11,586 shares of Tenable stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $49.11, for a total transaction of $568,988.46. Following the sale, the chief financial officer now directly owns 257,924 shares in the company, valued at approximately $12,666,647.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen A. Vintz sold 15,505 shares of Tenable stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.56, for a total value of $768,427.80. Following the sale, the chief financial officer now owns 257,924 shares in the company, valued at $12,782,713.44. The disclosure for this sale can be found here. Insiders have sold 317,382 shares of company stock worth $15,021,615 in the last ninety days. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Westpark Capital raised shares of Tenable from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Friday, January 12th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price target on shares of Tenable in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $65.00 price target on shares of Tenable in a research report on Wednesday, April 10th. Susquehanna lifted their price target on shares of Tenable from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Stephens lifted their price target on shares of Tenable from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and a consensus price target of $56.63.

Tenable Company Profile

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.