Tenable (NASDAQ:TENB) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Tenable to “strong-buy” from “buy,” though the broader analyst consensus remains “hold,” with seven buys, twelve holds and one sell rating and an average price target of $34.84.
• Tenable shares opened at $37.20 after falling 5.4%; the stock has traded between $15.73 and $43.67 over the past year and carries a $4.10 billion market capitalization.
• The company exceeded quarterly expectations, reporting $0.51 EPS versus the $0.47 estimate and $268.51 million in revenue versus $264.87 million expected. Revenue increased 8.6% year over year, while institutional investors own 89.06% of the shares.

Tenable (NASDAQ:TENB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, Wall Street Zen reports.

TENB has been the subject of several other research reports. Piper Sandler cut Tenable from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $35.00 to $30.00 in a research note on Thursday, July 30th. Wedbush cut shares of Tenable from an "outperform" rating to an "underperform" rating and set a $29.00 target price for the company. in a research note on Thursday, September 10th. Susquehanna boosted their target price on shares of Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a research report on Thursday, July 30th. Canaccord Genuity Group boosted their target price on shares of Tenable from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Barclays dropped their price target on shares of Tenable from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $34.84.

Tenable Trading Down 5.4%

Tenable stock opened at $37.20 on Friday. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.78. The stock has a market cap of $4.10 billion, a P/E ratio of 744.15 and a beta of 1.01. The company's fifty day simple moving average is $36.26 and its 200-day simple moving average is $30.50.

Tenable (NASDAQ:TENB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. Tenable had a return on equity of 14.90% and a net margin of 0.65%. Tenable's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, sell-side analysts forecast that Tenable will post 0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Tenable

A number of institutional investors have recently modified their holdings of TENB. EverSource Wealth Advisors LLC boosted its holdings in shares of Tenable by 217.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,549 shares of the company's stock worth $60,000 after buying an additional 2,432 shares during the period. Harbor Investment Advisory LLC acquired a new position in Tenable in the 2nd quarter valued at $66,000. Northwestern Mutual Wealth Management Co. acquired a new position in Tenable in the 2nd quarter valued at $81,000. KBC Group NV raised its holdings in Tenable by 42.1% in the 1st quarter. KBC Group NV now owns 4,897 shares of the company's stock worth $83,000 after acquiring an additional 1,451 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in Tenable in the 2nd quarter worth $88,000. Institutional investors own 89.06% of the company's stock.

Tenable Company Profile

Tenable Holdings, Inc NASDAQ: TENB is a cybersecurity company focused on exposure management, helping organizations identify, assess and reduce security risks across their technology environments. Its platform is designed to provide visibility into vulnerabilities and other exposures affecting networks, cloud infrastructure, applications, identities and operational technology.

The company's product portfolio includes Tenable One, an exposure management platform, and Nessus, a widely used vulnerability assessment solution.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.