Tenable Sees Q3 2024 Revenue $222M-$224M Vs $218M Estimate; Sees Adj. EPS $0.28-$0.30 Vs $0.24 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenable has announced its Q3 2024 revenue forecast to be between $222M and $224M, surpassing the $218M estimate. Additionally, the company expects adjusted EPS to be between $0.28 and $0.30, higher than the $0.24 estimate.
July 31, 2024 | 8:22 pm
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POSITIVE IMPACT
Tenable has provided a positive revenue and EPS forecast for Q3 2024, exceeding market estimates. This is likely to boost investor confidence and positively impact the stock price in the short term.
The revenue and EPS forecasts both exceed market expectations, which is a strong indicator of the company's performance. This is likely to result in a positive short-term impact on the stock price as investors react to the better-than-expected financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100