Tenable Holdings (TENB) fell more than 2% in Wednesday’s late trading after the company reported financial results for Q2, with a narrower-than-expected loss and revenue that topped analysts’ forecasts; it also provided guidance for Q3 and fiscal 2018 above Street estimates.
The cybersecurity solutions provider posted non-GAAP loss of $0.18 per share, compared with the prior-year period’s $0.09 loss per share. Analysts polled by Capital IQ were expecting a $0.20 loss per share.
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Revenue was $63.6 million. up 44% from $44.1 million in the same quarter last year. The Street view is for revenue of $62.8 million.
The company expects Q3 non-GAAP loss of $0.19 – $0.18 per share on revenue of $66 million – $66.5 million. The Street view is for a loss of $0.23 per share on revenue of $65.1 million.
For FY18, it sees a non-GAAP loss of $0.72 – $0.70 per share on revenue of $260 million – $261 million. Ananlysts are looking for a loss of $0.79 per share on revenue of $257.5 million.
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