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.

Several analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Tenable in a research note on Monday, August 20th. They issued a “buy” rating and a $43.00 price target on the stock. Wedbush restated a “buy” rating and issued a $38.00 price target on shares of Tenable in a research note on Wednesday, October 31st. Zacks Investment Research downgraded Tenable from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Tenable in a research note on Monday, August 20th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, Morgan Stanley upped their price target on Tenable from $31.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $37.60.

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.

About Tenable

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.

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Earnings History and Estimates for Tenable (NASDAQ:TENB)

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