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Why Tenable Stock Popped Today

TheMotleyFool

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Shares of Tenable (NASDAQ: TENB) popped 18% today after the company reported second-quarter earnings. The results easily topped Wall Street's expectations and guidance was also strong.

Revenue in the second quarter was $107.2 million, beating the $102.2 million in sales that analysts were looking for. That led to adjusted net income of $4.7 million, or $0.04 per share. The consensus estimate had called for an adjusted net loss of $0.05 per share. Calculated billings increased 13% to $111.2 million, and the cybersecurity technology specialist finished the quarter with $242.1 million in cash on the books.

Image source: Getty Images.

Source Fool.com

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