Tenable (NASDAQ:TENB) Updates FY 2025 Earnings Guidance

Key Points

• Tenable has issued its earnings guidance for FY 2025, projecting earnings per share of 1.450-1.530 and revenue between $981.0 million-$987.0 million, surpassing analysts' expectations.
• The company's stock experienced a decline during trading, closing at $32.24, with a notable drop from a 12-month high of $47.19.
• Several brokerages have reduced their price targets for Tenable, with averages now sitting around $40.00 and a general market consensus rating of "Moderate Buy."

Tenable (NASDAQ:TENB - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.450-1.530 for the period, compared to the consensus earnings per share estimate of 1.484. The company issued revenue guidance of $981.0 million-$987.0 million, compared to the consensus revenue estimate of $976.0 million. Tenable also updated its Q3 2025 guidance to 0.360-0.370 EPS.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Tenable from $30.00 to $35.00 and gave the company a "hold" rating in a research note on Thursday. DA Davidson lifted their target price on shares of Tenable from $32.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday. Wedbush lifted their target price on shares of Tenable from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday. Westpark Capital restated a "hold" rating on shares of Tenable in a research report on Wednesday, April 30th. Finally, UBS Group lifted their target price on shares of Tenable from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tenable presently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Tenable Trading Down 2.4%

Shares of NASDAQ:TENB traded down $0.74 during trading on Friday, reaching $30.57. The stock had a trading volume of 1,722,086 shares, compared to its average volume of 1,469,725. The business has a fifty day moving average price of $32.91 and a 200-day moving average price of $35.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.93. The stock has a market cap of $3.73 billion, a P/E ratio of -82.62 and a beta of 0.76. Tenable has a fifty-two week low of $28.75 and a fifty-two week high of $45.44.

Tenable (NASDAQ:TENB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Tenable had a negative net margin of 4.74% and a negative return on equity of 3.22%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $242.15 million. During the same period in the previous year, the firm earned $0.31 earnings per share. Tenable's revenue was up 11.8% compared to the same quarter last year. As a group, analysts anticipate that Tenable will post 0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tenable news, insider Barron Anschutz sold 970 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $33.08, for a total transaction of $32,087.60. Following the completion of the sale, the insider directly owned 58,311 shares in the company, valued at $1,928,927.88. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen A. Vintz sold 3,386 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $32.45, for a total transaction of $109,875.70. Following the sale, the chief executive officer owned 328,008 shares of the company's stock, valued at approximately $10,643,859.60. This represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,815 shares of company stock worth $669,797 over the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tenable

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company's stock worth $3,939,000 after buying an additional 51,266 shares during the period. Royal Bank of Canada grew its stake in Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company's stock worth $4,367,000 after buying an additional 12,868 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company's stock worth $11,436,000 after buying an additional 17,349 shares during the period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.

About Tenable

Tenable Holdings, Inc provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud-native cloud security solutions for security teams to continuously assess the security posture; Tenable Identity Exposure, a solution to secure Active Directory environments; Tenable Web App Scanning, which provides scanning for modern web applications; Tenable Lumin Exposure View, a measurement tool; Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture; and Tenable OT Security, an operational technology security solution which provides threat detection, asset tracking, vulnerability management, and configuration control capabilities.