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Tenable: 4Q Earnings Snapshot

February 5, 2020 GMT

COLUMBIA, Md. (AP) _ Tenable Holdings Inc. (TENB) on Tuesday reported a loss of $38.3 million in its fourth quarter.

On a per-share basis, the Columbia, Maryland-based company said it had a loss of 39 cents. Losses, adjusted for costs related to mergers and acquisitions and stock option expense, came to 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The cybersecurity software company posted revenue of $97 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $94.1 million.

For the year, the company reported that its loss widened to $99 million, or $1.03 per share. Revenue was reported as $354.6 million.

For the current quarter ending in April, Tenable expects its results to range from a loss of 19 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $100 million to $101 million for the fiscal first quarter.

Tenable expects full-year results to range from a loss of 41 cents per share to a loss of 36 cents per share, with revenue ranging from $435 million to $440 million.

Tenable shares have climbed 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.63, a fall of almost 3% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TENB at https://www.zacks.com/ap/TENB