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Earnings To Watch: Tenable (TENB) Reports Q4 Results Tomorrow

TENB Cover Image

Cybersecurity exposure management company Tenable (NASDAQ: TENB) will be announcing earnings results this Wednesday after market close. Here’s what to expect.

Tenable beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $252.4 million, up 11.2% year on year. It was a slower quarter for the company, with EPS guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ annual recurring revenue estimates.

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

This quarter, analysts are expecting Tenable’s revenue to grow 6.8% year on year to $251.8 million, slowing from the 10.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.41 per share.

Tenable Total Revenue

Analysts covering the company have generally 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 2% 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, the whole sector has been hit hard over the last month as stocks in Tenable’s peer group are down 12.2% on average. Tenable is down 3.8% during the same time and is heading into earnings with an average analyst price target of $34.37 (compared to the current share price of $22.01).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

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