Friday, July 23, 2021

Tenable Holdings Inc. [TENB] Earnings Preview: Things to Think About

Earnings from Tenable Holdings Inc. [TENB] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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TENB Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.06 per share on revenue of $119.78M. Taking a look at the future, the company is projected to report revenue of $125.29M at an earnings per share of $0.06 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 18.60% in revenue and 47.33% in earnings per share for the company.

TENB Stock Earnings Forecast For The Current Year


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For the full financial year, Tenable Holdings Inc. [NASDAQ:TENB] is forecasted to generate revenue of $515.56M. The figure is about $75.34 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.3 in 2021, which is $0.11 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 57.90% this year, 50.00% next year, and 9.80% annually over the next five years. With regard to sales, forecasts suggest an incline of 17.10% in current fiscal year and 18.60% over following year.

TENB Stock Price Performance

At a recent check today, Tenable Holdings Inc. [NASDAQ:TENB] finished down -0.39% at $42.95. The stock’s day high price was $43.75, and its lowest was $41.92. Its price rose 5.76% in the last five days. Since the beginning of the year, Tenable Holdings Inc.’s shares are down nearly -17.49%. However, the share price is -26.52% below its one year high. The top price reached by the shares of the company was $58.45 on 01/19/21, while the 52-week low came on 03/30/21, when the shares were $35.32. In the past year, shares of the company have risen 77.96%. At 50 days, the moving average achieved is $39.90 while at 200 days, the moving average is $39.94. There were 0.18 million shares traded in the last session, down from 1.68 million in the previous session.

Tenable Holdings Inc. [NASDAQ:TENB] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 10.26 PS value ratio is reported for the last one year of reported earnings. This is above the average return 3.44 for the industry, which means TENB offers an unattractive investment opportunity than its competitors do.

TENB Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 42.71 level, and the violation of this level will cause a further drop to 42.11 level. At the upper end, 45.77 remains a key resistance. As the stock increases, it may find resistance at 44.76. In the 14-day chart, the Relative Strength Index standing at 64.02 suggests a technical neutral stance while the MACD standing at 1.94 indicates price will increase in the next trading period. Stochastic %K at 85.44% suggests selling the stock while Percent R indicator at 15.72% suggests bullish price movement.

How much is the short interest in Tenable Holdings Inc.?

There have been a drop in short interest in the Tenable Holdings Inc. Financial stock, with short interest down by 40000.0 shares to 2.6 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 2.56 million shares. This 1.54% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.56% of the overall float in the stock, while the stock’s days to cover moved to 2.69.

How do analysts view Tenable Holdings Inc.?

In regard to the share price forecast for Tenable Holdings Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $60.00 in the next twelve months, representing almost an 28.42% growth from its recent price of $42.95. Among Tenable Holdings Inc. stock projections, $67.00 is the highest analyst target for the stock, while $51.00 is the lowest. Despite this, 15 analysts who share their consensus rating for TENB in 2021 agree that the stock is a Buy.

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