Stock Analysis
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- NasdaqGS:TENB
Tenable Holdings First Quarter 2024 Earnings: Beats Expectations
Tenable Holdings (NASDAQ:TENB) First Quarter 2024 Results
Key Financial Results
- Revenue: US$216.0m (up 14% from 1Q 2023).
- Net loss: US$14.4m (loss narrowed by 43% from 1Q 2023).
- US$0.12 loss per share (improved from US$0.22 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tenable Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Tenable Holdings that you should be aware of.
Valuation is complex, but we're helping make it simple.
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About NasdaqGS:TENB
Tenable Holdings
Provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.