$TENB dropped by apr. 10% on 2 February Despite the fact that their earnings topped the estimates.
Technical Analysis
We have strong SUPPORT @$46.0 per share, cause the price wanted to drop further but got rejected 3 days in raw.
Fundamental Analysis
Tenable Holdings (TENB) reported 4th Quarter December 2020 earnings of $0.13 per share on revenue of $118.1 million. The consensus earnings estimate was $0.06 per share on revenue of $114.6 million.
The company said it expects first quarter non-GAAP earnings of $0.04 to $0.06 per share on revenue of $118.0 million to $120.0 million and 2021 earnings of $0.26 to $0.30 per share on revenue of $565.0 million to $575.0 million. The current consensus estimate is earnings of $0.04 per share on revenue of $120.56 million for the quarter ending March 31, 2021 and earnings of $0.26 per share on revenue of $519.53 million for the year ending December 31, 2021.
Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
So due to the fact that the guidance came out below the estimates for Q1 2021, the share price dropped. But we do have a nice chance to Buy the shares and hold couple of days.
Technical Analysis
We have strong SUPPORT @$46.0 per share, cause the price wanted to drop further but got rejected 3 days in raw.
Fundamental Analysis
Tenable Holdings (TENB) reported 4th Quarter December 2020 earnings of $0.13 per share on revenue of $118.1 million. The consensus earnings estimate was $0.06 per share on revenue of $114.6 million.
The company said it expects first quarter non-GAAP earnings of $0.04 to $0.06 per share on revenue of $118.0 million to $120.0 million and 2021 earnings of $0.26 to $0.30 per share on revenue of $565.0 million to $575.0 million. The current consensus estimate is earnings of $0.04 per share on revenue of $120.56 million for the quarter ending March 31, 2021 and earnings of $0.26 per share on revenue of $519.53 million for the year ending December 31, 2021.
Tenable Holdings, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
So due to the fact that the guidance came out below the estimates for Q1 2021, the share price dropped. But we do have a nice chance to Buy the shares and hold couple of days.