Bank of America just raised its EUR/USD forecast
Tenable Holdings Inc (NASDAQ:TENB). stock recently reached a 52-week low, touching 28.74 USD. The cybersecurity firm maintains impressive gross profit margins of 78% and has demonstrated solid revenue growth of 11.4% over the last twelve months. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions. This marks a significant downturn for the cybersecurity firm, which has seen its stock price decline by 28.92% over the past year. The company’s shares have faced pressure amid broader market challenges and sector-specific headwinds, contributing to the stock’s downward trajectory. Despite these challenges, InvestingPro data suggests the stock is currently trading below its Fair Value, while management has been actively buying back shares. As investors assess the company’s future prospects, the current price level serves as a critical point of reflection for Tenable’s performance in a competitive industry. For deeper insights into Tenable’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro, along with 12 additional ProTips for informed decision-making.
In other recent news, Tenable reported strong financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.34, exceeding the forecast of $0.30, and generated revenue of $247.3 million, which was higher than the anticipated $242.15 million. These results led Tenable to raise its full-year guidance for both Cloud Consumption Billing and Revenue. Following the earnings report, Needham increased its price target for Tenable to $42.00, maintaining a Buy rating, citing the company’s robust performance. Similarly, Scotiabank (TSX:BNS) raised its price target to $37.00, up from $30.00, while keeping a Sector Perform rating. The improved outlook from Scotiabank came after Tenable’s current billings aligned with market expectations, prompting an upward revision of the company’s 2025 guidance. These developments reflect a positive trajectory for Tenable, as analysts adjust their forecasts in light of the company’s performance.
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