Tenable (TENB) Surges 10.1%: Is This an Indication of Further Gains?

Tenable TENB shares soared 10.1% in the last trading session to close at $36.88. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.2% gain over the past four weeks.Tenable shares are benefitting from strong Tenable One adoption, growing exposure management demand tied to AI driven threats, and new AI partnerships with Anthropic and OpenAI.This cybersecurity software company is expected to post quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of +38.2%. Revenues are expected to be $265.17 million, up 7.2% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Tenable, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on TENB going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Tenable is part of the Zacks Internet - Software industry. Ziff Davis ZD, another stock in the same industry, closed the last trading session 0.3% higher at $52.37. ZD has returned 13% in the past month.Ziff Davis' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.72. Compared to the company's year-ago EPS, this represents a change of -41.9%. Ziff Davis currently boasts a Zacks Rank of #5 (Strong Sell).Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks