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In a challenging market environment, Tenable Holdings Inc . (NASDAQ:TENB) stock has recorded a new 52-week low, dipping to $35.22. According to InvestingPro data, the company maintains impressive gross profit margins of 77.82% and achieved 12.68% revenue growth in the last twelve months. 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 retreat from the stock’s previous positions, with Tenable’s shares experiencing a 1-year change of -28.69%. While the stock is currently trading near its InvestingPro Fair Value, analysts maintain optimistic targets suggesting potential upside, with the lowest target at $40 and the highest at $55. This downturn reflects broader market trends and possibly investor concerns over growth prospects amidst a competitive landscape in the cybersecurity sector. Get access to 8 more exclusive InvestingPro Tips and a comprehensive Pro Research Report covering what really matters about TENB through intuitive visuals and expert analysis.
In other recent news, Tenable Holdings reported fourth-quarter earnings that exceeded expectations, with adjusted earnings per share of $0.41, surpassing the analyst consensus of $0.34. The company also reported revenue of $235.7 million, an 11% increase year-over-year, beating the projected $231.54 million. Despite these strong results, Tenable provided guidance for the first quarter and full year 2025 that fell short of analyst estimates, forecasting Q1 earnings per share between $0.28 and $0.30, below the $0.33 consensus, and revenue guidance of $232-234 million, which was less than the expected $235.7 million. For the full year, Tenable projects adjusted earnings per share of $1.52-$1.60 on revenue of $971-981 million, compared to consensus estimates of $1.45 EPS and $982.9 million in revenue.
JPMorgan analyst Brian Essex recently raised the price target for Tenable to $53 from $50, maintaining an Overweight rating, citing the company’s strong performance and robust free cash flow outlook. Tenable’s growth was driven by large deals and the successful adoption of its Tenable One and Exposure Solution products, with significant traction in the Fortune 500 market. The company maintained a strong non-GAAP operating margin of 25.2% for the quarter. Additionally, Tenable plans to acquire Vulcan Cyber Ltd. to enhance its exposure management platform capabilities. Despite some uncertainty regarding federal transactions, Tenable has not seen any contract cancellations or changes in federal projects.
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