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 February 14, 2025, TENB stock price declined to $39.02 with 545,709 million shares trading.

TENB has a beta of 1.11, meaning it tends to be more sensitive to market movements. TENB has a correlation of 0.28 to the broad based SPY ETF.

TENB has a market cap of $4.69 billion. This is considered a Mid Cap stock.

Last quarter Tenable Holdings reported $236 million in Revenue and $.41 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.07.

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 price return of -23.1% while the SPY ETF gained +23.7%. TENB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.5% and -9.4%, respectively, while the SPY returned +3.1% and +1.3%, respectively.

TENB support price is $38.52 and resistance is $40.52 (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.