Cybersecurity exposure management company Tenable (NASDAQ: TENB) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.
Tenable beat analysts’ revenue expectations last quarter, reporting revenues of $260.5 million, up 10.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year guidance of slowing revenue growth.
Is Tenable a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Tenable’s revenue to grow 8.2% year on year, slowing from the 10.7% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tenable has a history of exceeding Wall Street’s expectations.
With Tenable being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for cybersecurity stocks. However, there has been positive investor sentiment in the segment, with share prices up 7.2% on average over the last month. Tenable is up 18.8% during the same time .
ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention.
AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.
