Scotiabank Has Strong Estimate for Tenable FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Tenable to $0.58 from $0.50 and maintained an “Outperform” rating with a $60 price target; it forecasts FY2027 EPS of $0.80.
• Tenable reported quarterly EPS of $0.63, beating the $0.51 consensus, while revenue of $276.39 million topped estimates and increased 9.5% year over year.
• Analyst opinion is mixed: MarketBeat reports an average “Hold” rating and $46.25 average target price, based on 10 Buy, 11 Hold, and one Sell rating.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Research analysts at Scotiabank upped their FY2026 EPS estimates for Tenable in a research report issued on Monday, November 2nd. Scotiabank analyst P. Colville now forecasts that the company will post earnings per share of $0.58 for the year, up from their prior forecast of $0.50. Scotiabank currently has an "Outperform" rating and a $60.00 target price on the stock. The consensus estimate for Tenable's current full-year earnings is $0.58 per share. Scotiabank also issued estimates for Tenable's FY2027 earnings at $0.80 EPS.

Tenable (NASDAQ:TENB - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Tenable had a net margin of 1.48% and a return on equity of 28.72%. The business had revenue of $276.39 million during the quarter, compared to the consensus estimate of $271.58 million. During the same period last year, the business posted $0.42 EPS. Tenable's revenue was up 9.5% on a year-over-year basis.

TENB has been the subject of a number of other research reports. Stifel Nicolaus boosted their target price on shares of Tenable from $31.00 to $48.00 and gave the company a "hold" rating in a research report on Thursday, October 29th. Wedbush raised their price target on shares of Tenable from $29.00 to $35.00 and gave the stock an "underperform" rating in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of Tenable from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 17th. TD Cowen boosted their price objective on shares of Tenable from $44.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Finally, Robert W. Baird set a $55.00 target price on shares of Tenable in a research report on Thursday, October 29th. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Tenable currently has an average rating of "Hold" and an average target price of $46.25.

Tenable Stock Performance

TENB opened at $44.16 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.04 and a quick ratio of 0.79. The business has a fifty day simple moving average of $39.05 and a 200 day simple moving average of $29.25. Tenable has a 1 year low of $15.73 and a 1 year high of $53.22. The company has a market capitalization of $4.86 billion, a PE ratio of 339.72 and a beta of 0.89.

Insiders Place Their Bets

In other Tenable news, Director A. Brooke Seawell sold 15,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $50.33, for a total transaction of $754,950.00. Following the sale, the director directly owned 115,292 shares in the company, valued at $5,802,646.36. This represents a 11.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Barron Anschutz sold 10,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $51.00, for a total transaction of $510,000.00. Following the sale, the chief accounting officer owned 66,077 shares in the company, valued at $3,369,927. The trade was a 13.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,390 shares of company stock worth $1,314,446 in the last 90 days. 1.70% of the stock is owned by company insiders.

Institutional Trading of Tenable

A number of institutional investors and hedge funds have recently made changes to their positions in TENB. Salomon & Ludwin LLC bought a new stake in shares of Tenable during the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 2,432 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Tenable in the 2nd quarter valued at approximately $66,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Tenable by 1,021.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,816 shares of the company's stock valued at $66,000 after purchasing an additional 1,654 shares during the last quarter. Finally, Fulcrum Asset Management LLP lifted its stake in Tenable by 143.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,910 shares of the company's stock valued at $67,000 after purchasing an additional 1,124 shares during the last quarter. Institutional investors own 89.06% of the company's stock.

About Tenable

Tenable is a cybersecurity company that helps organizations identify, assess and reduce cyber risk across their technology environments. Its exposure management platform is designed to provide visibility into vulnerabilities and other security exposures affecting cloud systems, applications, endpoints, networks, operational technology, Internet of Things devices and identities.

The company's product portfolio includes Nessus, a widely used vulnerability assessment solution, and Tenable One, an exposure management platform that brings together vulnerability management, cloud security, identity exposure and related capabilities.

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