(TENB) Tenable Holdings - Ratings and Ratios

Tenable Holdings, Inc. is a leading provider of cyber exposure management solutions, offering a comprehensive suite of platforms and tools to help organizations manage and reduce their cyber risk. With a global presence, the company serves customers across the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its product portfolio includes Tenable Vulnerability Management, Tenable Cloud Security, Tenable Identity Exposure, and Tenable OT Security, among others, which provide a risk-based view of traditional and modern attack surfaces, cloud security, identity protection, and OT security.

The companys solutions are designed to help organizations expose and close priority security gaps, detect and respond to threats, and protect their OT environments. Tenables products are used by a wide range of customers, from enterprises to government agencies, and are recognized for their ability to provide a unified view of an organizations cyber exposure. With a strong focus on innovation, Tenable continues to expand its product portfolio and enhance its existing offerings to stay ahead of the evolving cyber threat landscape.

From a technical analysis perspective, TENBs stock price is currently trading near its 20-day and 50-day simple moving averages, indicating a stable trend. However, the stock is still down 30% from its 52-week high, suggesting that there may be room for recovery. The average true range (ATR) is relatively low, indicating that the stocks price movements are not highly volatile. Based on this technical data, a potential forecast is that TENBs stock price may experience a short-term bounce, potentially reaching $35 in the near term.

Fundamentally, Tenable Holdings, Inc. has a market capitalization of approximately $3.9 billion and a forward price-to-earnings ratio of 21.28. While the companys return on equity (RoE) is currently negative, this is not uncommon for growth-oriented companies in the cybersecurity space. As the demand for cyber exposure management solutions continues to grow, Tenable is well-positioned to benefit from this trend. Using a combination of technical and fundamental analysis, a forecast for TENBs stock price is that it may reach $40 within the next 6-12 months, driven by the companys strong product portfolio and growing demand for its solutions.