$88.58 Million in Sales Expected for Tenable Holdings Inc (NASDAQ:TENB) This Quarter
Analysts expect Tenable Holdings Inc (NASDAQ:TENB) to report $88.58 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Tenable’s earnings, with the highest sales estimate coming in at $88.70 million and the lowest estimate coming in at $88.40 million. Tenable posted sales of $69.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.6%. The company is expected to report its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Tenable will report full year sales of $347.88 million for the current year, with estimates ranging from $347.50 million to $348.40 million. For the next financial year, analysts anticipate that the company will report sales of $432.25 million, with estimates ranging from $425.81 million to $441.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Tenable.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17. The firm had revenue of $85.38 million during the quarter, compared to analyst estimates of $82.73 million. Tenable had a negative return on equity of 64.96% and a negative net margin of 26.92%. Tenable’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS.
In other Tenable news, Director John C. Huffard, Jr. sold 30,700 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $26.65, for a total transaction of $818,155.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO John Negron sold 32,417 shares of Tenable stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $29.77, for a total value of $965,054.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,468 shares of company stock valued at $4,297,105. Corporate insiders own 31.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of TENB. Tower Research Capital LLC TRC purchased a new position in shares of Tenable during the 2nd quarter valued at about $31,000. Advisory Services Network LLC lifted its holdings in Tenable by 1,743.0% in the 4th quarter. Advisory Services Network LLC now owns 1,843 shares of the company’s stock worth $41,000 after purchasing an additional 1,743 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Tenable by 193.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,032 shares of the company’s stock worth $89,000 after purchasing an additional 2,659 shares in the last quarter. Bank of Montreal Can lifted its holdings in Tenable by 1,850.0% in the 2nd quarter. Bank of Montreal Can now owns 4,329 shares of the company’s stock worth $124,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Tenable in the 1st quarter worth approximately $205,000. 55.22% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ TENB traded down $0.44 during trading hours on Thursday, hitting $21.40. The company’s stock had a trading volume of 359,200 shares, compared to its average volume of 735,319. Tenable has a 12 month low of $20.00 and a 12 month high of $39.38. The company’s 50 day simple moving average is $27.80 and its two-hundred day simple moving average is $29.32. The company has a market cap of $2.12 billion and a P/E ratio of -15.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.60.
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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