Tenable Holdings, Inc. (TENB) in a Phase of Robust Revenue Growth and Margin Expansion

Tenable Holdings Inc. (NASDAQ:TENB) is one of the best cybersecurity stocks to buy under $50. Tenable Holdings Inc. (NASDAQ:TENB). Tenable Holdings Inc. (NASDAQ:TENB) commands a Moderate Buy rating from 18 Wall Street analysts, with 11 Buy and 7 Hold ratings. The analysts have an average price target of $38, implying 44.65% upside potential from current levels of $26.96 a share.

On November 17, S&P Global Ratings upgraded Tenable Holdings, impressed by the company’s consistent revenue growth and platform momentum that have improved its financial performance. Over the past two years, the company has demonstrated year-to-date revenue growth of 11% and margin expansion.

S&P Global expects the company’s margins to expand to 23% by year’s end, from 11% in 2022 and 15% in 2023. According to the ratings firm, the company is well-positioned to benefit from the growing momentum in operational technology and AI security. It has already acquired Vulcan Cyber, which is expected to expand its capabilities by incorporating third-party customer data and leveraging existing products.

The robust growth is driven by strong adoption of the company’s exposure management platform, which accounts for 40% of all new businesses. Similarly, a transition to an integrated platform has enabled the company to secure larger and more strategic deals.

Tenable Holdings, Inc. (NASDAQ:TENB) is a cybersecurity company that provides exposure management solutions to help organizations identify and close security gaps. It offers a unified platform, Tenable One, that provides a single view of risk across IT assets, cloud resources, containers, web apps, and identity systems, ultimately helping businesses reduce cyber risk.

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Disclosure: None. This article is originally published at Insider Monkey.