In the preceding three months, 9 analysts have released ratings for Tenable Holdings (NASDAQ:TENB), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 3 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Tenable Holdings and provided 12-month price targets. The average target is $48.56, accompanied by a high estimate of $50.00 and a low estimate of $45.00. A 5.71% drop is evident in the current average compared to the previous average price target of $51.50.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Tenable Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Hamza Fodderwala | Morgan Stanley | Lowers | Equal-Weight | $47.00 | $50.00 |
| Saket Kalia | Barclays | Lowers | Equal-Weight | $45.00 | $49.00 |
| Rob Owens | Piper Sandler | Lowers | Overweight | $50.00 | $55.00 |
| Mike Cikos | Needham | Maintains | Buy | $50.00 | $50.00 |
| Mike Cikos | Needham | Maintains | Buy | $50.00 | $50.00 |
| Shrenik Kothari | Baird | Lowers | Outperform | $50.00 | $53.00 |
| Hamza Fodderwala | Morgan Stanley | Lowers | Overweight | $50.00 | $55.00 |
| Joseph Gallo | Jefferies | Announces | Hold | $45.00 | - |
| Mike Cikos | Needham | Maintains | Buy | $50.00 | $50.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Tenable Holdings. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tenable Holdings compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Tenable Holdings's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Tenable Holdings's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Tenable Holdings analyst ratings.
All You Need to Know About Tenable Holdings
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
A Deep Dive into Tenable Holdings's Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Tenable Holdings's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 12.68%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -4.06%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Tenable Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.4%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Tenable Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.57%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 1.01, Tenable Holdings adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
