Tenable Holdings Intrinsic Value – TENABLE HOLDINGS Reports Record Earnings for Fiscal Year 2022 Q4 on December 31, 2022.

Earnings Overview

TENABLE HOLDINGS ($NASDAQ:TENB)’ earnings report for Q4 of FY2022 on December 31, 2022 revealed a decrease in total revenue of 94.7% from the same period in the prior year, amounting to USD -21.5 million. Despite the dip in total revenue, the company reported an increase of 23.9% in net income for the same period, bringing it to USD 184.6 million.

Transcripts Simplified

Tenable Holdings reported strong fourth quarter results, showing 23% year-over-year growth in calculated current billings, 95% recurring revenue, and 571 new enterprise platform customers. Revenue for the quarter was $184.6 million, exceeding the midpoint of their guidance by $3.6 million. Gross margin was 78.5%, while sales and marketing expense as a percentage of revenue was 42%. Looking ahead, they expect gross margins for 2023 to be in the high 70% range, with modestly improving margins throughout the year.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tenable Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tenable Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tenable Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Tenable Holdings are shown below. More…

Price History

On Tuesday, TENABLE HOLDINGS reported record earnings for the fourth quarter of 2022, ending December 31. The stock opened at $42.5 and closed at $43.4, representing an increase of 1.6% from the prior closing price of $42.7. The strong earnings report bolstered investor confidence in the company, pushing the stock to its highest level since mid-November. Analysts attributed the strong performance to TENABLE HOLDINGS’ focus on providing innovative security solutions that help customers protect their data and assets. The company has invested heavily in research and development, which has enabled them to launch a range of cutting-edge products and services.

As a result, their customer base continues to grow, driving revenue growth and profitability. In addition to their strong earnings report for the fourth quarter, TENABLE HOLDINGS also released their outlook for the upcoming year. They plan to continue investing in research and development, as well as launching new products and services to meet customer needs. They also anticipate organic growth from existing customers and new customers. Live Quote…

Analysis – Tenable Holdings Intrinsic Value

At GoodWhale, we have conducted an analysis of TENABLE HOLDINGS‘s wellbeing and have come to the conclusion that their intrinsic value is around $50.8. This value was calculated using our proprietary Valuation Line which effectively evaluates the underlying factors that influence a company’s worth. Currently, TENABLE HOLDINGS’ stock is being traded at $43.4, a fair price that is undervalued by 14.5%. This provides an excellent opportunity for investors to purchase TENABLE HOLDINGS stocks at a discounted rate. More…

Peers

Tenable was founded in 2002 by Jack Huffard, Ron Gula, and Marcus Ranum. Tenable went public in July 2018, and trades on the NASDAQ under the symbol TENB. Tenable delivers Tenable.io, the world’s first Cyber Exposure platform, as well as a suite of award-winning products including the Nessus vulnerability scanner. Tenable.io provides continuous visibility into an organization’s cyber exposure across their entire attack surface, from operating systems and hardware to virtualization and cloud environments and containers. By identifying and prioritizing vulnerabilities and configurations issues, Tenable.io helps organizations to fix critical issues before they can be exploited. In addition to Tenable.io, Tenable also offers a suite of products that includes the Nessus vulnerability scanner, which is used by more than 1.5 million users in over 150 countries. Nessus is available in a variety of editions, including a free edition, and is used by small businesses, Fortune 500 companies, government agencies, and many of the world’s leading service providers.

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Summary

Tenable Holdings saw a sharp decrease in total revenue for FY2022 Q4, with a 94.7% drop compared to the same period the previous year. Despite this, net income increased 23.9%, to USD 184.6 million. Analysts suggest that investors consider the long-term prospects of the company as well as its ability to maintain positive growth over the next few quarters. With Tenable’s performance in FY2022 Q4, investors should evaluate the potential risks and rewards of investing in such a volatile stock.