What's Going On With Tenable Holdings Stock After Hours?

Tenable Holdings Inc TENB shares are trading higher after hours Tuesday after the company reported financial results and issued top-line guidance below analyst estimates.

Tenable said second-quarter revenue jumped 26% year-over-year to $164.3 million, which beat the estimate of $163.27 million, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 5 cents per share, which beat the estimate of 1 cent per share.

"During the quarter, we saw strong customer demand through higher levels of new enterprise platform customer adds and an increasing number of net new six-figure customers. Our momentum in the first half of the year positions us well for continued success," said Amit Yoran, chairman and CEO of Tenable.

Tenable expects third-quarter revenue to be between $169 million and $171 million versus the estimate of $171.28 million. Full-year revenue is expected to be between $673 million and $679 million.

The company sees third-quarter adjusted earnings coming in between 3 cents and 4 cents per share versus the estimate of 4 cents per share. 

Tenable is engaged in providing solutions for a new category of cybersecurity that the company calls cyber exposure.

See Also: Texas Instruments Shares Surge On Solid Q Results, Guides Q3 Revenue Above Consensus

TENB Price Action: Tenable shares are making new 52-week lows in Tuesday's after-hours session.

The stock was down 12.9% in after hours at $39.05 at press time.

Photo: methodshop from Pixabay.