Tenable Holdings Q3 Non-GAAP EPS of $0.15 beats estimates by $0.12

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Tenable Holdings ($NASDAQ:TENB) Inc. is a cybersecurity company that provides Tenable.io, a cybersecurity platform that enables organizations to manage and measure their cyber exposure. The company recently announced its third quarter results, which showed non-GAAP EPS of $0.15, beating estimates by $0.12. “We are pleased to report another strong quarter of results, driven by the continued adoption of Tenable.io,” said René Bonvanie, Tenable’s Chief Operating Officer and Chief Revenue Officer.

Looking ahead, Tenable expects to continue its strong growth in the fourth quarter and beyond. “We are well-positioned for continued success as the global market for cyber exposure management continues to expand,” said Tenable CEO Amit Yoran.

Earnings

Tenable Holdings, Inc. , a global cyber exposure, vulnerability management, and compliance solutions provider, today announced financial results for its second quarter ended June 30, 2022. “Tenable’s strong second quarter results were driven by continued momentum in our bookings and billings growth, which reflects the success of our product investments, go-to-market initiatives and channel programs,” said Amit Yoran, Chairman and Chief Executive Officer of Tenable. “We are very pleased with the progress we are making to position Tenable as the platform of choice for all things related to cybersecurity risk. Our focus on executing against our long-term strategy and delivering value to our customers is reflected in our strong results this quarter.”

GAAP net income for the second quarter was $ million, or $ per diluted share, compared to $ million, or $ per diluted share, in the second quarter of fiscal 2021. A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial tables included at the end of this press release.

Price History

Tenable Holdings Inc. reported a 3rd quarter non-GAAP EPS of $0.15, which beat analyst estimates by $0.12. The company’s stock opened at $33.1 on Tuesday and closed at $34.2, up 4.9% from its previous closing price of $32.6. Tenable Holdings provides vulnerability management solutions that help organizations identify and fix vulnerabilities in their systems and applications.

VI Analysis

The company’s fundamentals reflect its long term potential, and it is likely to safely ride out any crisis without the risk of bankruptcy. Tenable Holdings is classified as a “cheetah” company, which means that it achieved high revenue or earnings growth but is considered less stable due to lower profitability. Such companies may be of interest to investors who are willing to take on more risk for the potential of higher rewards.

VI 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

If you’re looking for a cybersecurity stock that has strong growth potential, Tenable Holdings is worth considering. The company’s flagship product, Tenable.io, is a cloud-based platform that helps organizations manage and monitor their cybersecurity risks. However, given Tenable’s strong growth potential, the stock could be a good long-term investment.