Tenable: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

COLUMBIA, Md. (AP) _ Tenable Holdings Inc. (TENB) on Tuesday reported a loss of $5.9 million in its third quarter.

On a per-share basis, the Columbia, Maryland-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and amortization costs, came to 9 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The cybersecurity software company posted revenue of $112.3 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $109.5 million.

For the current quarter ending in December, Tenable expects its per-share earnings to range from 5 cents to 6 cents.

The company said it expects revenue in the range of $113 million to $115 million for the fiscal fourth quarter.

Tenable expects full-year earnings in the range of 11 cents to 12 cents per share, with revenue ranging from $435.1 million to $437.1 million.

Tenable shares have increased 55% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.24, a climb of 61% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TENB at https://www.zacks.com/ap/TENB