Brokerages expect that Tenable Holdings Inc (NASDAQ:TENB) will announce sales of $94.15 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Tenable’s earnings, with the highest sales estimate coming in at $94.30 million and the lowest estimate coming in at $93.90 million. Tenable reported sales of $75.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 25.2%. The company is scheduled to issue its next earnings report on Tuesday, February 4th.
On average, analysts expect that Tenable will report full-year sales of $351.73 million for the current year, with estimates ranging from $351.43 million to $352.00 million. For the next year, analysts anticipate that the company will report sales of $435.18 million, with estimates ranging from $427.72 million to $445.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Tenable.
Tenable (NASDAQ:TENB) last announced its earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.17. The firm had revenue of $91.90 million during the quarter, compared to the consensus estimate of $88.79 million. Tenable had a negative return on equity of 64.46% and a negative net margin of 24.14%. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS.
Shares of TENB stock traded down $0.58 during trading hours on Friday, reaching $25.28. 1,277,949 shares of the company’s stock were exchanged, compared to its average volume of 690,389. Tenable has a fifty-two week low of $20.00 and a fifty-two week high of $36.26. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.54 billion, a P/E ratio of -18.59 and a beta of 2.73. The business has a fifty day moving average price of $25.20 and a 200-day moving average price of $25.61.
In other Tenable news, Director John C. Huffard, Jr. sold 15,350 shares of Tenable stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.54, for a total transaction of $407,389.00. Following the sale, the director now owns 2,173 shares in the company, valued at $57,671.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Huffard, Jr. sold 25,466 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $24.98, for a total transaction of $636,140.68. In the last ninety days, insiders sold 130,539 shares of company stock valued at $3,424,581. Insiders own 31.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Sylebra Capital Ltd boosted its position in shares of Tenable by 7.0% during the third quarter. Sylebra Capital Ltd now owns 2,731,792 shares of the company’s stock valued at $61,138,000 after buying an additional 177,684 shares during the last quarter. Vanguard Group Inc. increased its position in Tenable by 24.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,404,372 shares of the company’s stock worth $68,622,000 after purchasing an additional 477,242 shares during the last quarter. BlackRock Inc. raised its stake in shares of Tenable by 20.4% during the 2nd quarter. BlackRock Inc. now owns 2,204,797 shares of the company’s stock worth $62,925,000 after purchasing an additional 373,458 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Tenable by 3,652.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,093,310 shares of the company’s stock worth $31,204,000 after purchasing an additional 1,064,177 shares in the last quarter. Finally, Vista Equity Partners Management LLC raised its stake in shares of Tenable by 40.1% during the 2nd quarter. Vista Equity Partners Management LLC now owns 1,023,510 shares of the company’s stock worth $29,211,000 after purchasing an additional 292,706 shares in the last quarter. 60.08% of the stock is owned by institutional investors.
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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