Tenable Stock: 9 Straight Green Days, Up 39%
Shares of Tenable (TENB) have closed higher in each of the last 9 sessions, a cumulative gain of 39.2%. That added about $1.6 billion to the company’s market value, which now stands at about $5.7 billion. The stock closed at $51.78 on Thursday, October 29, its highest close of the past year.
How The Streak Stacks Up Against The S&P 500
Returns for TENB and the S&P 500 over the streak and the periods around it, all ending Thursday, October 29 and including dividends:
| Return Period | TENB | S&P 500 |
|---|---|---|
| 1 Day | 6.3% | -0.3% |
| 9 Days (Current Streak) | 39.2% | 0.8% |
| 1 Month (21 Trading Days) | 42.3% | 1.0% |
| 3 Months (63 Trading Days) | 58.6% | 3.3% |
| Year To Date | 120.1% | 13.8% |
| 1 Year (252 Trading Days) | 70.6% | 13.3% |
A Stock-Specific Run, Or A Market Move?
The market explains little of this: the S&P 500 gained 0.8% over the same 9 sessions, including dividends, against Tenable’s +39.2%. Over the past three months the stock is up 58.6%, a window that includes the streak; over the other 54 sessions of that window it was up 14.0%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 9.9% over the last twelve months, against a median of 18.4% for S&P 500 Information Technology stocks; and its operating margin is 4.2%, versus a median of 21.6%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed.
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