Why Tenable Stock Is Falling Today

Shares of Tenable (NASDAQ: TENB) are falling today, down by 8% as of 12:10 p.m. EST, after the company reported fourth-quarter earnings. The results topped expectations, but guidance left a bit to be desired.

Revenue in the fourth quarter was $118.1 million, ahead of the $114.6 million in sales that Wall Street was modeling for. That translated into adjusted net income of $14.4 million, or $0.13 per share. The consensus estimate had called for just $0.06 per share in adjusted profits. The cybersecurity technology company said calculated current billings increased 20% to $150.5 million.

Image source: Getty Images.

Continue reading

Source Fool.com