Tenable (TENB) Reports Earnings Tomorrow: What To Expect
Cybersecurity exposure management company Tenable (NASDAQ:TENB) will be reporting earnings this Wednesday after market hours. Here’s what to look for.
Tenable beat analysts’ revenue expectations last quarter, reporting revenues of $262.1 million, up 9.6% year on year. It was a satisfactory quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations but a significant miss of analysts’ annual recurring revenue estimates.
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 7.1% year on year, slowing from the 11.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 unfold for cybersecurity stocks. However, there has been positive investor sentiment in the segment, with share prices up 6.9% on average over the last month. Tenable is down 2.8% during the same time .
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