TENB Stock Recent News

Tenable beat expectations for revenue and earnings and raised its outlook for the year. However, the cybersecurity exposure management company also lowered its guidance for current calculated billings, citing softness in mid-market deals.

Tenable Holdings, Inc. (NASDAQ:TENB ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Erin Karney - Vice President of Investor Relations Amit Yoran - Chairman and CEO Steve Vintz - CFO Conference Call Participants Brian Essex - JPMorgan Rob Owens - Piper Sandler Joel Fishbein - Truist Securities Hamza Fodderwala - Morgan Stanley Andrew Nowinski - Wells Fargo Brad Reback - Stifel Roger Boyd - UBS Gray Powell - BTIG Brian Colley - Stephens Inc. Garrett Burkam - William Blair Matthew Calitri - Needham & Co Operator Greetings, and welcome to Tenable's Q3 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The headline numbers for Tenable (TENB) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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COLUMBIA, Md., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Tenable® (NASDAQ: TENB), the Exposure Management company, today announced it will release its financial results for its third quarter ended September 30, 2023 after the U.S. market close on Wednesday, November 1, 2023. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results.

Tenable, a cybersecurity company, may not appear to be a value stock based on its valuation, but further analysis reveals its value. The company has consistently generated revenues and beaten EPS estimates, with a positive outlook from analysts. The company's profitability and cash flow margins, as well as its data assets and product strength, contribute to its value in the cybersecurity industry.

Microsoft is investing billions of dollars in its cybersecurity ecosystem. Check Point is growing slowly, but it's firmly profitable, and the stock is cheap.

Tenable is a leader in the vulnerability management space, a key component of enterprise security. The company reported strong Q2 results, beating revenue and earnings estimates and increasing guidance for the current quarter and 2023. Tenable's Tenable One platform, which offers a holistic vulnerability solution, is gaining traction and represents a significant growth opportunity.

Tenable beat sales and earnings expectations in Q2. Following the earnings beat, the stock also received positive coverage from a high-profile analyst.

The headline numbers for Tenable (TENB) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.