Tenable HoldingsNASDAQ: TENB

COLUMBIA, Md., June 06, 2024 (GLOBE NEWSWIRE) -- Tenable ® Holdings, Inc., the Exposure Management company, today announced that it has signed a definitive agreement to acquire Eureka Security, Inc. , a provider of data security posture management (DSPM) for cloud environments.

Tenable Holdings (NASDAQ:TENB) Q1 2024 Earnings Conference Call on May 1, 0030 at 4:30 PM ET featured company representatives Erin Karney, Amit Yoran, Steve Vintz, and Jason Merrick. Various analysts and investors also participated in the call. The conference call began with the operator welcoming everyone to the Tenable Q1 2024 Earnings Conference Call.

Although the financial results for Tenable in the quarter ending March 2024 provide an overview of the company's performance, it may be beneficial to examine how certain key metrics stack up against analyst expectations and previous year's figures.

Tenable (TENB) reported earnings of $0.25 per share for the quarter, exceeding the Zacks Consensus Estimate of $0.18 per share and showing growth from $0.11 per share in the previous year.

Tenable has tripled its annual revenue over the past five years. It's expanding its share of the vulnerability assessment market.

Tenable (TENB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

The S&P 500 recorded a new all-time high in January, confirming the bull market that began in October 2022. U.S. companies are reporting their latest financial results and they are adding to investors' confidence.

Analysts at Truist, D.A. Davidson, Wells Fargo and other firms raised their price targets on the cybersecurity stock after the quarterly report.

Tenable easily beat analysts' revenue and earnings estimates with its fourth-quarter report. The cybersecurity company saw significant traction for its Tenable One exposure-management platform.