Markets

Stock Alert: Tenable Holdings Hits New High Following Q2 Results, Outlook

(RTTNews) - Shares of cyber security solutions provider Tenable Holdings, Inc. (TENB) are up more than 14% Wednesday morning following beter-than-expected second-quarter results. The company also provided third-quarter as well as full-year outlook, exceeding analysts' view.

The stock touched a new high of $35.01 this morning.

Second-quarter earnings per share of $0.04, beat the average estimate of analysts polled by Thomson Reuters of $0.05 loss per share and compared to a loss per share of $0.10 in the second quarter of 2019.

Revenue for the quarter was $107.2 million, up 26% year-over-year.

For the third-quarter, Tenable expects revenue in the range of $108.0 million to $110.0 million and adjusted earnings per share in the range of $0.02 to $0.03. Analysts expect loss of $0.05 per share on revenue of $108.74 million for the quarter.

For the full-year ending December 31, 2020, the company sees revenue in the range of $428.0 million to $433.0 million and adjusted earnings per share in the range of $0.00 to $0.03. The consensus estimate for earnings is $0.25 loss per share on revenue of $427.48 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TENB

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More