Tenable Sees Q1 2024 Revenue $212M-$214M Vs $214.12M Estimate; Sees Adj. EPS $0.16-$0.18 Vs $0.16 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenable projects its Q1 2024 revenue to be between $212M and $214M, slightly below the $214.12M estimate. The company also forecasts its adjusted EPS to be in the range of $0.16 to $0.18, aligning with or slightly above the $0.16 estimate.
February 06, 2024 | 10:00 pm
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NEUTRAL IMPACT
Tenable's Q1 2024 revenue projection is slightly below expectations, but its adjusted EPS forecast meets or exceeds estimates.
The slight miss in revenue forecast could put some pressure on TENB's stock price, but the alignment or potential exceedance in EPS estimates may counterbalance this effect. The mixed forecast suggests a neutral short-term impact as investors weigh the slight revenue miss against the solid EPS outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100