Tenable (TENB) Releases FY18 Earnings Guidance

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Tenable (NASDAQ:TENB) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.72)-($0.70) for the period, compared to the Thomson Reuters consensus estimate of ($0.79). The company issued revenue guidance of $260-$261 million, compared to the consensus revenue estimate of $257.51 million.Tenable also updated its Q3 guidance to ($0.19)-($0.18) EPS.

Tenable stock opened at $30.77 on Friday. Tenable has a 52 week low of $29.10 and a 52 week high of $35.51.

A number of equities analysts recently commented on TENB shares. BTIG Research started coverage on shares of Tenable in a research note on Monday, August 20th. They issued a buy rating and a $41.00 price objective for the company. Morgan Stanley started coverage on shares of Tenable in a research note on Monday, August 20th. They issued a weight rating and a $31.00 price objective for the company. William Blair started coverage on shares of Tenable in a research note on Monday, August 20th. They issued an outperform rating for the company. Deutsche Bank started coverage on shares of Tenable in a research note on Monday, August 20th. They issued a buy rating for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Tenable in a research note on Monday, August 20th. They issued a neutral rating and a $36.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $38.00.

In related news, Director Kimberly Hammonds bought 21,739 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was bought at an average price of $23.00 per share, with a total value of $499,997.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

Further Reading: Fundamental Analysis and Individual Investors

Earnings History and Estimates for Tenable (NASDAQ:TENB)

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