Tenable Holdings tumbles on weak revenue forecast

Tenable Holdings

25/04/2023 12:14

** Shares of cybersecurity company Tenable Holdings Inc
 TENB.O  fall 15.2% to $38.5 in premarket trading
    ** Co sees FY23 revenue in the range of $775 mln to $785
mln, below analysts est of $788.6 mln - Refinitiv IBES data
    ** Co also forecasts Q2 revenue in the range of $189 mln to
$191 mln; slightly under market view of $191.8 mln
    ** Co reports Q1 revenue of $188.8 mln, net loss per share
of $0.22
    ** Net loss for the quarter widens to $25.1 mln, compared
with a loss of $24.5 mln in Q1 2022 
    ** 14 of 18 brokerages rate the stock "buy" or higher, 4
"hold"; their median PT is $50
    ** Up to last close, stock rose 19% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))