Tenable gains on upbeat Q3, forecast

Tenable Holdings

26/10/2022 12:38

** Shares of cybersecurity company Tenable Holdings Inc 
 TENB.O  rise 3.2% to $35.32 premarket
    ** TENB reports Q3 revenue of $174.9 mln, up 26%, compared
with est. of $170.3 mln - Refinitiv data
    ** Expects Q4 revenue between $180.0 mln to $182.0 mln;
analysts expect $181.7 mln
    ** Co's value proposition on its core security solutions is
enabling it to see an expanding pipeline of opportunities, says
Wedbush
    ** Brokerage cuts PT to $48 from $57, citing macroeconomic
uncertainty
    ** Morgan Stanley says management commentary should give
investors greater comfort on ability to pivot towards delivering
stronger profitability as the demand becomes less certain,
raises PT to $47 from $44
    ** Up to last close, stock down ~38% YTD
 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))