Tenable (TENB) Projected to Post Earnings on Wednesday

Tenable (NASDAQ:TENB - Get Free Report) is anticipated to issue its Q4 2024 quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $231.81 million for the quarter. Tenable has set its FY 2025 guidance at 1.520-1.600 EPS and its Q1 2025 guidance at 0.280-0.300 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Tenable (NASDAQ:TENB - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.26). Tenable had a negative return on equity of 6.21% and a negative net margin of 6.82%. On average, analysts expect Tenable to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tenable Price Performance

TENB stock traded up $0.19 during trading on Wednesday, hitting $43.21. The company had a trading volume of 2,404,854 shares, compared to its average volume of 1,112,059. The company has a fifty day moving average price of $41.45 and a two-hundred day moving average price of $41.34. The company has a market cap of $5.19 billion, a P/E ratio of -84.73 and a beta of 0.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. Tenable has a fifty-two week low of $35.25 and a fifty-two week high of $53.50.

Insider Activity at Tenable

In related news, CFO Stephen A. Vintz sold 2,801 shares of Tenable stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total transaction of $114,056.72. Following the completion of the sale, the chief financial officer now owns 281,536 shares of the company's stock, valued at $11,464,145.92. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Amit Yoran sold 4,828 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $40.72, for a total value of $196,596.16. Following the sale, the chief executive officer now directly owns 45,171 shares in the company, valued at approximately $1,839,363.12. This trade represents a 9.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,463 shares of company stock worth $894,042. Company insiders own 4.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Piper Sandler cut their target price on Tenable from $55.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Westpark Capital restated a "hold" rating on shares of Tenable in a research note on Thursday, October 31st. Robert W. Baird lowered their target price on Tenable from $53.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Jefferies Financial Group raised their price target on Tenable from $40.00 to $45.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Finally, Scotiabank boosted their target price on shares of Tenable from $44.00 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Tenable has a consensus rating of "Moderate Buy" and an average target price of $50.25.

Tenable Company Profile

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.