TENB Stock Recent News

According to Cybersecurity Ventures, cybercrime will cause a whopping $9.5 trillion in damage around the world this year. Artificial intelligence (AI) poses a significant threat to businesses, but it's also part of the solution.

Arm Holdings and Tenable are two technology companies with leading market shares, but their stock prices are moving in opposite directions. Arm Holdings' high forward P/E ratio is a reason for concern, whereas Tenable is getting closer to profitability.

COLUMBIA, Md., June 06, 2024 (GLOBE NEWSWIRE) -- Tenable ® Holdings, Inc., the Exposure Management company, today announced that it has signed a definitive agreement to acquire Eureka Security, Inc. , a provider of data security posture management (DSPM) for cloud environments.

Underappreciated cybersecurity stocks practically sell themselves. Fundamentally, the backdrop for online nefarious activity will only exacerbate.

Tenable's 1Q24 earnings beat expectations, with revenue of $216 million and strong profitability. The company's growth momentum remains strong, driven by demand in the enterprise market and the success of Tenable One. Tenable's valuation has been downgraded due to industry de-rating, but the company is expected to continue trading at a historical premium.

Tenable Holdings (NASDAQ:TENB ) Q1 2024 Earnings Conference Call May 1, 0030 4:30 PM ET Company Participants Erin Karney - VP, IR Amit Yoran - Chairman and CEO Steve Vintz - CFO Jason Merrick - SVP, Products Conference Call Participants Joel Fishbein - Truist Securities Brian Essex - JP Morgan Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Andrew Nowinski - Wells Fargo Brad Reback - Stifel Jonathan Ho - William Blair Mike Cikos - Needham & Co. Patrick Colville - Scotiabank Gary Powell - BTIG Shaul Eyal - TD Cowen Andres Miranda - D.A. Davidson Patrick O'Neill - Wolfe Research Operator Greetings and welcome to Tenable Q1 2024 Earnings Conference Call.

While the top- and bottom-line numbers for Tenable (TENB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Tenable (TENB) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.11 per share a year ago.

Tenable has tripled its annual revenue over the past five years. It's expanding its share of the vulnerability assessment market.

Tenable (TENB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.