Tenable Holdings Stock Fair Value – AIG Increases Stake in Tenable Holdings, Inc
June 9, 2023
🌥️Trending News
AIG Inc. recently announced that it increased its stake in Tenable Holdings ($NASDAQ:TENB), Inc., a leading provider of Cyber Exposure solutions. The announcement comes as the firm looks to continue its expansion into the cybersecurity sector. AIG’s acquisition follows a series of strategic investments by the company, as part of an effort to diversify its business and protect itself from attacks that could put its customers at risk. Tenable Holdings, Inc. is a privately-held company that provides cybersecurity and vulnerability management solutions for businesses of all sizes. Their tools allow customers to take control of their cyber risk and confidently assess, prioritize and remediate vulnerabilities. This new investment from AIG is a sign that the company is committed to helping its customers protect their data and systems from cyber threats.
It also emphasizes AIG’s commitment to the cybersecurity sector, in which they have made multiple investments in recent years. With this new influx of capital, Tenable will be able to further expand its business and continue to provide the best possible solutions to its customers. Overall, AIG’s increased stake in Tenable Holdings, Inc. is yet another indication that the company is serious about protecting itself and its customers from cyber threats in today’s digital landscape. It is also a testament to Tenable’s commitment to providing innovative and effective solutions for businesses of all sizes.
Stock Price
On Wednesday, AIG announced that it had increased its stake in Tenable Holdings, Inc. The stock opened at $41.3 and closed at $39.7, representing a 3.2% drop from the previous closing price of 41.0. This move by AIG comes as a reaffirmation of the company’s commitment to investing in cyber security solutions. Tenable Holdings, Inc. provides a wide range of services such as vulnerability management, compliance audits, risk assessments, and incident response.
The company is also well known for its cloud-based platform, which is used to detect and respond to cyber threats in real time. By increasing its stake in Tenable Holdings, Inc., AIG is hoping to capitalize on the growing demand for cyber security solutions and services in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tenable Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 712.66 | -92.81 | -13.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tenable Holdings. More…
| Operations | Investing | Financing |
| 137.03 | -83.41 | 22.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tenable Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.42k | 1.13k | 2.54 |
Key Ratios Snapshot
Some of the financial key ratios for Tenable Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | – | -8.8% |
| FCF Margin | ROE | ROA |
| 17.0% | -13.9% | -2.7% |
Analysis – Tenable Holdings Stock Fair Value
At GoodWhale, we have carefully analyzed TENABLE HOLDINGS’s financials and believe that the intrinsic value of each share is around $52.5. This figure has been calculated by our proprietary Valuation Line, which takes into account multiple financial metrics such as revenue, growth rate, and financial strength. Currently, TENABLE HOLDINGS shares are trading at $39.7, representing an undervaluation of 24.3%. This means that investors have a great opportunity to purchase the stock at a discount, making it an attractive option for long-term investors. 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, Inc. has been a recent target of investment activity due to its leading global cybersecurity solutions and offerings. Recently, American International Group Inc. increased their stake in Tenable Holdings, Inc., suggesting confidence in the firm’s future performance. Despite this, the stock price of Tenable Holdings dropped on the day the news was announced.
This could suggest that investors feel cautious about the company’s outlook, or it could simply be a reflection of market volatility. Analyzing Tenable’s financials and staying up-to-date on news and developments will be key for investors looking to assess the company’s prospects.
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