Tenable Posts 10-Cent Q3 EPS as Shares Sit Near 52-Week High
TENB has more than doubled off its 52-week low of $15.725.
Summary
Tenable reported third-quarter EPS of 10 cents, with net income of $11.3 million and revenue of $276.4 million, beating the IBES estimate of USD 271.6 Million. The company also raised its full-year outlook. The stock is trading near its 52-week high, which raises the bar for this quarter. Context: the company closed an upsized $800 million convertible notes offering in September and a $400 million revolver in October, so the balance sheet is freshly capitalized.
At the time of this announcement, TENB was trading at $49.19 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $15.73 to $50.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.