Tenable Holdings Inc (NASDAQ: TENB) shares are trading higher after hours Tuesday after the company reported financial results and issued top-line guidance below analyst estimates.
Tenable said second-quarter revenue jumped 26% year-over-year to $164.3 million, which beat the estimate of $163.27 million, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of 5 cents per share, which beat the estimate of 1 cent per share.
"During the quarter, we saw strong customer demand through higher levels of new enterprise platform customer adds and an increasing number of net new six-figure customers. Our momentum in the first half of the year positions us well for continued success," said Amit Yoran, chairman and CEO of Tenable.
Tenable expects third-quarter revenue to be between $169 million and $171 million versus the estimate of $171.28 million. Full-year revenue is expected to be between $673 million and $679 million.
The company sees third-quarter adjusted earnings coming in between 3 cents and 4 cents per share versus the estimate of 4 cents per share.
Tenable is engaged in providing solutions for a new category of cybersecurity that the company calls cyber exposure.
See Also: Texas Instruments (NASDAQ:TXN) Shares Surge On Solid Q Results, Guides Q3 Revenue Above Consensus
TENB Price Action: Tenable shares are making new 52-week lows in Tuesday's after-hours session.
The stock was down 12.9% in after hours at $39.05 at press time.
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