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In a challenging market environment, Tenable Holdings Inc . (NASDAQ:TENB) stock has recorded a new 52-week low, dipping to $29.19. The company, with a market capitalization of $4.05 billion, maintains impressive gross profit margins of 78% and has shown steady revenue growth of nearly 12% over the last twelve months. According to InvestingPro analysis, the stock is currently trading near its Fair Value. The cybersecurity company, known for its focus on managing, measuring, and reducing cyber risk, has faced headwinds that have pressured its stock price over the past year. Investors have witnessed a significant contraction in the stock’s value, with Tenable experiencing a 1-year change of -25.21%. While currently unprofitable, InvestingPro data indicates that analysts expect the company to turn profitable this year, with several additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other top stocks. This downturn reflects broader market trends and possibly investor concerns over growth prospects amidst a competitive landscape in the cybersecurity sector.
In other recent news, Tenable Holdings Inc. reported first-quarter 2025 earnings that exceeded Wall Street expectations, with earnings per share of $0.36 compared to the forecasted $0.28 and revenue reaching $239.1 million, surpassing projections of $233.73 million. Despite this strong financial performance, the company revised its guidance for 2025, reducing expectations for calculated current billings by $17.5 million and revenue by $5 million. This adjustment was attributed to macroeconomic uncertainties, particularly concerning the U.S. public sector.
Tenable’s management confirmed their full-year 2025 operating profit and free cash flow forecasts, emphasizing a cautious approach due to potential risks. Analyst firms have responded to these developments, with Scotiabank (TSX:BNS) lowering its price target for Tenable to $30 while maintaining a Sector Perform rating, and Needham adjusting its price target to $35 but retaining a Buy rating. Both firms noted the company’s consistent performance but highlighted the uncertainties affecting future growth.
Additionally, Tenable has taken steps such as repurchasing shares and launching new AI and cloud security capabilities to strengthen its market position. Despite the challenges, Needham expressed optimism about Tenable’s long-term prospects, suggesting that patient investors may see favorable outcomes.
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