Tenable Holdings, Inc. (NASDAQ:TENB) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, TENB is expected to report 3Q20 income of $ 0.03 per share from revenue of $ 109.64 million.
For the full year, analysts anticipate top line of $ 432.10 million, while looking forward to income of $ 0.02 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.02 ~ $ 0.03 per share, while revenues are expected in a range of $ 108.00 million ~ $ 110.00 million
Full Year 2020 topline are forecasted in a range of$ 428.00 million ~ $ 433.00 million, where as bottomline are predicted in a range of $ -0.41 ~ $ -0.36 per share
Click Here For More Historical Outlooks Of Tenable Holdings, Inc.
Previous Quarter Performance
Tenable Holdings, Inc. recorded income for the second quarter of $ 0.04 per share, from the revenue of $ 107.21 million. The quarterly revenues improved 25.57 percent compared with the same quarter last year. Street analysts expected Tenable Holdings, Inc. to report loss of $ 0.05 per share on revenue of $ 102.18 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 180.00 percent, at the same time, top line results outshined analysts by $ 5.03 million or 4.92 percent.
Stock Performance
Shares of Tenable Holdings, Inc. traded low $ -0.16 or -0.43 percent on Friday, reaching $ 37.10 with volume of 875.90 thousand shares. Tenable Holdings, Inc. has traded high as $ 37.67 and has cracked $ 36.89 on the downward trend
According to the previous trading day, closing price of $ 37.10, representing a 128.87 % increase from the 52 week low of $ 16.28 and a 12.1 % decrease over the 52 week high of $ 42.39.
The company has a market capital of $ 3.76 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 28th September 2020, initiated by Piper Sandler at Overweight rating, with $ 45.00 target price.
- On 9th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 43.00 target price.
Conference Call
Tenable Holdings, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tenable.com
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 organizations 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.
