Tenable (TENB) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TENB shares.
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15 brokerages have issued twelve-month price objectives for Tenable's stock. Their TENB share price forecasts range from $32.00 to $63.00. On average, they expect the company's share price to reach $52.20 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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Tenable's stock was trading at $38.15 at the beginning of the year. Since then, TENB shares have increased by 17.4% and is now trading at $44.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Tenable Holdings, Inc. (NASDAQ:TENB) released its quarterly earnings data on Tuesday, July, 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.02. The firm had revenue of $195.04 million for the quarter, compared to analysts' expectations of $190.24 million. Tenable had a negative net margin of 10.94% and a negative trailing twelve-month return on equity of 23.51%.

ETFs with the largest weight of Tenable (NASDAQ:TENB) stock in their portfolio include Global X Cybersecurity ETF (BUG), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), Invesco Next Gen Connectivity ETF (PXQ), First Trust Nasdaq Cybersecurity ETF (CIBR), SPDR Kensho Future Security ETF (FITE), ETFMG Prime Cyber Security ETF (HACK) and WisdomTree Cloud Computing Fund (WCLD).

Tenable updated its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $0.18-$0.19 for the period, compared to the consensus EPS estimate of $0.16. The company issued revenue guidance of $197.00 million-$199.00 million, compared to the consensus revenue estimate of $195.88 million.

144 employees have rated Tenable Chief Executive Officer Amit Yoran on Glassdoor.com. Amit Yoran has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tenable investors own include NVIDIA (NVDA), AT&T (T), Tesla (TSLA), Boeing (BA), Salesforce (CRM), Mastercard (MA), Pfizer (PFE), Zscaler (ZS), International Business Machines (IBM) and Qualys (QLYS).

(TENB) raised $166 million in an initial public offering on Thursday, July 26th 2018. The company issued 9,200,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, J.P. Morgan, Allen & Company, Deutsche Bank Securities and Stifel served as the underwriters for the IPO and William Blair and BTIG were co-managers.

Tenable trades on the NASDAQ under the ticker symbol "TENB."

Shares of TENB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TENB stock can currently be purchased for approximately $44.80.

Tenable (NASDAQ:TENB) has a market capitalization of $5.18 billion and generates $683.19 million in revenue each year. The company earns $-92,220,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis.

The company employs 1,900 workers across the globe.

Tenable's mailing address is 7021 COLUMBIA GATEWAY DRIVE SUITE 500, COLUMBIA MD, 21046. The official website for the company is www.tenable.com. The company can be reached via phone at (410) 872-0555 or via email at investors@tenable.com.