Brokerages forecast that Tenable Holdings Inc (NASDAQ:TENB) will announce $82.67 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Tenable’s earnings. The lowest sales estimate is $82.60 million and the highest is $82.70 million. Tenable reported sales of $63.59 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 30%. The company is expected to issue its next quarterly earnings report on Wednesday, September 4th.
According to Zacks, analysts expect that Tenable will report full year sales of $345.07 million for the current year, with estimates ranging from $341.78 million to $347.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $430.51 million, with estimates ranging from $423.80 million to $433.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Tenable.
Tenable (NASDAQ:TENB) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The company had revenue of $80.30 million during the quarter, compared to analysts’ expectations of $78.37 million. The firm’s revenue was up 35.9% on a year-over-year basis.
In other Tenable news, General Counsel Stephen A. Riddick sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimberly Hammonds sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $35.03, for a total transaction of $262,725.00. The disclosure for this sale can be found here. Insiders have sold a total of 439,513 shares of company stock worth $14,205,259 in the last three months. Insiders own 31.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Tenable in the 3rd quarter valued at about $113,000. Bank of New York Mellon Corp bought a new stake in shares of Tenable in the 3rd quarter valued at about $1,199,000. BlackRock Inc. bought a new stake in shares of Tenable in the 3rd quarter valued at about $35,775,000. MetLife Investment Advisors LLC bought a new stake in shares of Tenable in the 3rd quarter valued at about $527,000. Finally, Teachers Advisors LLC bought a new stake in shares of Tenable in the 3rd quarter valued at about $891,000. 42.25% of the stock is currently owned by institutional investors and hedge funds.
TENB stock traded up $0.27 during trading on Wednesday, hitting $28.78. The company had a trading volume of 422,342 shares, compared to its average volume of 732,646. The company has a market capitalization of $2.63 billion and a PE ratio of -21.16. Tenable has a 52-week low of $20.00 and a 52-week high of $39.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.60 and a quick ratio of 1.56.
Tenable Company Profile
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
Featured Story: Understanding debt-to-equity ratio in fundamental analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tenable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenable and related companies with MarketBeat.com's FREE daily email newsletter.