TENB Stock Recent News
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The S&P 500 recorded a new all-time high in January, confirming the bull market that began in October 2022. U.S. companies are reporting their latest financial results and they are adding to investors' confidence.
Analysts at Truist, D.A. Davidson, Wells Fargo and other firms raised their price targets on the cybersecurity stock after the quarterly report.
Tenable easily beat analysts' revenue and earnings estimates with its fourth-quarter report. The cybersecurity company saw significant traction for its Tenable One exposure-management platform.
Tenable Holdings (TENB) Q4 2023 Earnings Call Transcript
The headline numbers for Tenable (TENB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tenable (TENB) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.12 per share a year ago.
COLUMBIA, Md., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Tenable® (NASDAQ: TENB), the Exposure Management company, today announced it will release its financial results for its fourth quarter ended December 31, 2023 and the full year of 2023, after the U.S. market close on Tuesday, February 6, 2024.
An analyst upgraded his recommendation on the shares that morning. He now feels the stock is a buy, and he made a substantial change to his price target.
Analysis from McKinsey & Company suggests the cost of cyberattacks will continue to skyrocket. The research firm says businesses aren't spending nearly enough yet on cybersecurity.
Enterprises' willingness to spend and upgrade cybersecurity is increasing, and vendor consolidation is a growing theme in a historically fragmented market. Tenable is well-positioned as a market leader with pricing power in the cloud security market, and is the outright leader in the Vulnerability Management category. Tenable's management has a strong track record of outperforming on both revenue and margins, instilling confidence in their growth targets.