Tenable Holdings Q2 Tenacity: A Secure Bet On AI And Cloud Growth [Seeking Alpha]
Tenable Holdings, Inc. (TENB)
Last tenable holdings, inc. earnings: 4/28 04:05 pm
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Source: Seeking Alpha
Summary Tenable Holdings, Inc. is poised for growth in cybersecurity with a focus on cloud security and AI, evidenced by strong Q2 2024 earnings and product performance. The company's strategic shift to higher-margin products like Tenable One and CNAPP is expected to drive future revenue and offset slower VM growth. Wall Street analysts rate Tenable Holdings stock as a “Buy” with a 24% upside potential, and acquisition speculation could further boost the stock's value. Despite valuation concerns, Tenable's recurring revenue, operational efficiencies, and potential acquisition premium make it a compelling investment with a promising long-term outlook. PUGUN SJ Thesis My analysis argues that Tenable Holdings, Inc. ( NASDAQ: TENB is gearing up for a growth trajectory in the cybersecurity space through cloud security and AI focus, and they just had a solid Q2 2024 -EPS came in at $0.31, beating estimates by $0.07. Seeking Alpha Revenue hit $221.24 million, up 13.44% fro
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TENB
News
- Tenable Launches Tenable Enclave Security to Meet Demands of Highly Secure EnvironmentsGlobeNewswire
- Tenable Holdings, Inc. (NASDAQ: TENB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $50.00 price target on the stock.MarketBeat
- Tenable Introduces AI Aware: A Groundbreaking Proactive Security Solution for AI and Large Language ModelsGlobeNewswire
- Tenable Enhances Nessus Risk Prioritization to Help Customers Expose and Close ExposuresGlobeNewswire
- Tenable to Participate in Upcoming Investor EventsGlobeNewswire
TENB
Earnings
- 7/31/24 - Beat
TENB
Sec Filings
- 8/28/24 - Form 4
- 8/28/24 - Form 4
- 8/28/24 - Form 4
- TENB's page on the SEC website