Tenable (NASDAQ:TENB) reported better-than-expected Q2 results, leading to more than an 11% increase in its share price in pre-market today.
During the second quarter, Tenable posted a profit per share of $0.22 on revenue of $195 million, surpassing the Street estimates for earnings of $0.13 on revenue of $190.26 million. The company also reported a 15% year-over-year increase in billings, with calculated billings exceeding $200 million.
Looking ahead, for the current quarter, Tenable forecasts EPS in the range of $0.18 to $0.19 on revenue of $198 million. This outlook exceeded Street expectations of $0.16 EPS on sales of $195.9 million.
For the full year 2023, Tenable’s projected EPS is $0.67 on revenue of $787 million. This outlook also surpasses the Street estimates of $0.59 EPS on revenue of $781 million.
At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com