Expert Outlook: Tenable Holdings Through The Eyes Of 10 Analysts

In the latest quarter, 10 analysts provided ratings for Tenable Holdings TENB, showcasing a mix of bullish and bearish perspectives.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts have recently evaluated Tenable Holdings and provided 12-month price targets. The average target is $52.0, accompanied by a high estimate of $65.00 and a low estimate of $41.00. Observing a 0.64% increase, the current average has risen from the previous average price target of $51.67.

Understanding Analyst Ratings: A Comprehensive Breakdown

The analysis of recent analyst actions sheds light on the perception of Tenable Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Tenable Holdings. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Tenable Holdings compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Tenable Holdings's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

For valuable insights into Tenable Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Tenable Holdings analyst ratings.

All You Need to Know About Tenable Holdings

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.

Financial Milestones: Tenable Holdings's Journey

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.

Revenue Growth: Tenable Holdings displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 15.26%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Tenable Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -7.72%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Tenable Holdings's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.73%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Tenable Holdings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.04%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Tenable Holdings's debt-to-equity ratio is below the industry average. With a ratio of 1.21, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.