Why Tenable Holdings Shares Are Trading Higher Today
Portfolio Pulse from Adam Eckert
Tenable Holdings Inc (NASDAQ:TENB) shares are trading higher after the company reported better-than-expected Q2 results and issued strong guidance. Q2 revenue was $195.04 million, beating estimates of $190.19 million, and Q2 EPS was 22 cents, beating estimates of 13 cents. The company expects Q3 revenue to be between $197 million and $199 million, and full-year revenue to be between $783 million and $791 million. Needham analyst Mike Cikos maintained Tenable with a Buy rating and raised the price target from $48 to $55.
July 26, 2023 | 12:51 pm
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Tenable Holdings reported better-than-expected Q2 results and strong guidance, leading to a rise in its share price. Needham analyst Mike Cikos maintained a Buy rating and raised the price target.
Tenable's better-than-expected Q2 results and strong guidance indicate a positive financial performance, which is likely to boost investor confidence and drive the stock price up in the short term. The raised price target by Needham analyst further supports this positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100