Analysts Expect Tenable Holdings Inc (TENB) to Announce -$0.14 Earnings Per Share
Wall Street brokerages expect Tenable Holdings Inc (NASDAQ:TENB) to post earnings per share of ($0.14) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Tenable’s earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.15). The firm is expected to report its next quarterly earnings report on Tuesday, January 29th.
According to Zacks, analysts expect that Tenable will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.63) to ($0.61). For the next financial year, analysts anticipate that the company will post earnings of ($0.71) per share, with EPS estimates ranging from ($0.78) to ($0.65). Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Tenable.
Tenable (NASDAQ:TENB) last posted its earnings results on Tuesday, October 30th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.03. The firm had revenue of $69.40 million for the quarter, compared to analysts’ expectations of $66.28 million. The company’s revenue for the quarter was up 41.6% on a year-over-year basis.
Shares of Tenable stock traded down $2.57 during midday trading on Friday, hitting $29.21. The company had a trading volume of 260,612 shares, compared to its average volume of 373,278. Tenable has a 52-week low of $26.10 and a 52-week high of $39.38.
Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Tenable in the 3rd quarter worth approximately $113,000. Strs Ohio purchased a new stake in shares of Tenable in the 3rd quarter worth approximately $139,000. Keybank National Association OH purchased a new stake in shares of Tenable in the 3rd quarter worth approximately $307,000. American International Group Inc. purchased a new stake in shares of Tenable in the 3rd quarter worth approximately $325,000. Finally, Alliancebernstein L.P. bought a new position in Tenable in the 3rd quarter valued at approximately $334,000. Institutional investors own 31.57% of the company’s stock.
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.
Read More: Diversification For Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.