10 analysts have expressed a variety of opinions on Tenable Holdings TENB over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 3 | 4 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $49.9, a high estimate of $60.00, and a low estimate of $41.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.96%.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive Tenable Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Hamza Fodderwala | Morgan Stanley | Raises | Overweight | $60.00 | $46.00 |
| Mike Cikos | Needham | Raises | Buy | $52.00 | $45.00 |
| Rob Owens | Piper Sandler | Lowers | Overweight | $50.00 | $55.00 |
| Hamza Fodderwala | Morgan Stanley | Lowers | Equal-Weight | $46.00 | $50.00 |
| Saket Kalia | Barclays | Lowers | Equal-Weight | $41.00 | $47.00 |
| Brian Colley | Stephens & Co. | Lowers | Overweight | $55.00 | $60.00 |
| Daniel Ives | Wedbush | Lowers | Outperform | $50.00 | $55.00 |
| Mike Cikos | Needham | Lowers | Buy | $45.00 | $55.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Equal-Weight | $50.00 | $48.00 |
| Hamza Fodderwala | Morgan Stanley | Raises | Equal-Weight | $50.00 | $48.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tenable Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tenable Holdings compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Tenable Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Tenable Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Tenable Holdings analyst ratings.
Discovering Tenable Holdings: A Closer Look
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
Understanding the Numbers: Tenable Holdings's Finances
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Tenable Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 15.26% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -7.72%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Tenable Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -4.73%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Tenable Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.04%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Tenable Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.21.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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