TENB Forecast


Bullish Case: Tenable's consistent revenue growth and potential strong earnings reports could significantly elevate stock value over the next few quarters, supported by positive market sentiment and innovations in cybersecurity.


Bearish Case: If broader market uncertainties and macroeconomic pressures persist, Tenable may struggle to translate growth into stock performance, leading to further investor caution and a potential decline in share price.


Potential Outcomes:

1) Continued revenue growth leads to price increase (45%).

2) Market uncertainty causes price stagnation (35%).

3) Strategic acquisitions bolster stock value (20%).


Trading Oracle: Engage in bullish call credit spreads targeting August 16, 2024, aiming for strikes around $45. Exploit recent volatility spikes while leveraging Tenable's growth potential against market fluctuations, ensuring high reward-to-risk ratios in a relatively stable market environment.


July 25, 2024


Tenable Forecast

TENB      Tenable











Correlated Assets

Assets that tend to move strongly with TENB



ZBH Forecast + Options Trading Strategies   ZBH  Zimmer Biomet (0.85)


PCOR Forecast + Options Trading Strategies   PCOR  Procore (0.8)


FTNT Forecast + Options Trading Strategies   FTNT  Fortinet (0.79)


WYNN Forecast + Options Trading Strategies   WYNN  Wynn Resorts (0.76)


GPN Forecast + Options Trading Strategies   GPN  Global Payments (0.75)



Uncorrelated Assets

Assets with little price relationship to TENB



SM Forecast + Options Trading Strategies   SM  SM Energy (0.0)


GERN Forecast + Options Trading Strategies   GERN  Geron (-0.0)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.0)


APA Forecast + Options Trading Strategies   APA  Apache (0.0)


DUK Forecast + Options Trading Strategies   DUK  Duke Energy (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against TENB



SARK Forecast + Options Trading Strategies   SARK  Tuttle Capital Short Innovation (-0.54)


TDS Forecast + Options Trading Strategies   TDS  Telephone And Data Systems (-0.54)


NVAX Forecast + Options Trading Strategies   NVAX  Novavax (-0.55)


ARLP Forecast + Options Trading Strategies   ARLP  Alliance Resource (-0.55)


LNTH Forecast + Options Trading Strategies   LNTH  Lantheus (-0.57)





Become a more profitable investor with AI optimized trading strategies






×

Chat with TENB


 Ask any question about TENB!