Tenable Holdings Inc is a cybersecurity company that specializes in providing solutions for identifying, monitoring, and managing vulnerabilities in digital infrastructures
The company offers a range of products and services designed to help organizations understand their risk posture and secure their systems against potential threats. By focusing on continuous visibility and risk assessment, Tenable enables businesses to protect their assets and maintain compliance with various industry regulations. Its innovative approach to cybersecurity empowers organizations to proactively safeguard their networks and respond effectively to vulnerabilities in an ever-evolving threat landscape.
Since September 2024, Tenable has been in a holding pattern, posting a small loss of 4.6% while floating around $38.04. The stock also fell short of the S&P 500’s 5.6% gain during that period.
Shares of cybersecurity software maker Tenable (NASDAQTENB)
fell 6.4% in the afternoon session after the company reported fourth-quarter results that presented a mixed picture. Its outlook for the next quarter was less encouraging, as the company's revenue guidance for the upcoming quarter came in slightly below expectations, and its EPS forecast fell short of Wall Street's projections. On the other hand, Tenable's optimistic full-year EPS guidance significantly exceeded analysts' expectations, and its revenue outperformed Wall Street's estimates. Overall, this was a weaker quarter.
Cybersecurity software maker Tenable (NASDAQTENB) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 10.5% year on year to $235.7 million. On the other hand, next quarter’s revenue guidance of $233 million was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.41 per share was 19% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SentinelOne (NYSES) and the best and worst performers in the cybersecurity industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Tenable (NASDAQTENB) and its peers.
Since June 2024, Tenable has been in a holding pattern, posting a small return of 4.2% while floating around $40.78. This is close to the S&P 500’s 6.1% gain during that period.
Cloud security and compliance software provider Qualys (NASDAQQLYS)
will be reporting earnings tomorrow after market close. Here’s what investors should know.
Cybersecurity software maker Tenable (NASDAQTENB) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 12.7% year on year to $227.1 million. On the other hand, the company expects next quarter’s revenue to be around $231 million, slightly below analysts’ estimates. Its non-GAAP profit of $0.32 per share was also 8.5% above analysts’ consensus estimates.
