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Tenable (TENB) To Report Earnings Tomorrow: Here Is What To Expect

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Cybersecurity software maker Tenable (NASDAQ: TENB) will be reporting results tomorrow afternoon. Here’s what to look for.

Tenable beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $221.2 million, up 13.4% year on year. It was a softer quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts’ ARR (annual recurring revenue) estimates.

Is Tenable a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Tenable’s revenue to grow 10.8% year on year to $223.3 million, slowing from the 15.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.

Tenable Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Tenable has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.9% on average.

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 unravel for cybersecurity stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.6% on average over the last month. Tenable’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $50.51 (compared to the current share price of $40.65).

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