Movement Alert｜Tenable Holdings Inc. Intraday Rise 5.05%, Q3 Beat and Raised Full-Year Outlook Offset Earlier Post-Earnings Weakness

Market Focus10-29 21:57

On October 29, Tenable Holdings Inc. rose 5.05% in Regular Trading, trading at $51.315/share, with turnover of $47.9449 million.

The main catalyst in available disclosures was the company’s latest quarterly report, which showed results above expectations and higher guidance despite earlier weak post-earnings trading reactions.

Tenable Holdings Inc. reported third-quarter adjusted EPS of $0.63 on revenue of $276.387 million, compared with market expectations of $0.51 and $271.623 million. The company also guided fourth-quarter adjusted EPS to $0.56-$0.58 on revenue of $277 million-$280 million, above consensus on earnings, and raised full-year adjusted EPS guidance to $2.16-$2.19 from $1.95-$2.00 while lifting projected revenue to $1.084-$1.087 billion from $1.075-$1.081 billion. Separately, Truist increased its price target to $45 from $35 while maintaining a Hold rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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