TENB Stock Summary and Trading Ideas (Tenable Holdings | NASDAQ:TENB)

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

Tenable Holdings trades on the NASDAQ stock market under the symbol TENB.

As of November 22, 2024, TENB stock price climbed to $42.44 with 916,082 million shares trading.

TENB has a beta of 1.35, meaning it tends to be more sensitive to market movements. TENB has a correlation of 0.33 to the broad based SPY ETF.

TENB has a market cap of $5.10 billion. This is considered a Mid Cap stock.

Last quarter Tenable Holdings reported $227 million in Revenue and $.32 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.02.

In the last 3 years, TENB traded as high as $63.61 and as low as $28.80.

The top ETF exchange traded funds that TENB belongs to (by Net Assets): VTI, IWM, VB, VGT, CIBR.

TENB has underperformed the market in the last year with a return of +7.5%, while the SPY ETF gained +32.4%. In the last 3 month period, TENB fell short of the market, returning +2.3%, while SPY returned +7.4%. However, in the most recent 2 weeks TENB has outperformed the stock market by returning +1.5%, while SPY returned -0.4%.

TENB support price is $40.89 and resistance is $42.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TENB shares will trade within this expected range on the day.