Tenable (TENB) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tenable in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TENB shares.
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15 brokers have issued 1-year price objectives for Tenable's shares. Their TENB share price forecasts range from $32.00 to $63.00. On average, they anticipate the company's share price to reach $52.20 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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Tenable's stock was trading at $38.15 at the beginning of 2023. Since then, TENB stock has increased by 18.7% and is now trading at $45.28.
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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) announced its quarterly earnings results on Tuesday, July, 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $195.04 million for the quarter, compared to analyst estimates of $190.24 million. Tenable had a negative trailing twelve-month return on equity of 23.51% and a negative net margin of 10.94%.

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 issued an update on its third quarter 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $0.18-$0.19 for the period, compared to the consensus earnings per share 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 $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."

Tenable's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.75%), RGM Capital LLC (3.49%), Mackenzie Financial Corp (2.61%), State Street Corp (2.16%), Geode Capital Management LLC (1.98%) and William Blair Investment Management LLC (1.92%). Insiders that own company stock include Amit Yoran, Arthur W Coviello Jr, George Alex Tosheff, Jerry M Kennelly, Kimberly Hammonds, Linda Kay Zecher, Mark C Thurmond, Ping Li, Raymond Jr Vicks, Stephen A Riddick, Stephen A Riddick, Stephen A Vintz and Stephen A Vintz.
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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 $45.28.

Tenable (NASDAQ:TENB) has a market capitalization of $5.24 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.