Tenable Holdings (NASDAQ:TENB) Stock, Quote.Headers.trade-ideas

Tenable Holdings

Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.

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Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

Tenable Holdings Inc

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Monday that there are over 60,000 Model Ys on the road in Norway, making it the <a href="https://www.benzinga.com/news/24/01/36474563/tesla-model-y-dominates-norway-in-2023-country-hits-82-electric-vehicle-market-share-a-look-at-the-l">best-selling EV</a> in the Nordic country.
What Happened: &#8220;We were told EVs don&#8217;t work in colder climates. There are now more EVs than petrol cars on the road in Norway,&#8221; Tesla wrote on one of its several official X accounts. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We were told EVs don&#39;t work in colder climates There are now more EVs than petrol cars on the road in Norway &#x1f1f3;&#x1f1f4; <a href="https://t.co/VjkU1llJHh">pic.twitter.com/VjkU1llJHh</a>
&mdash; Tesla Europe &amp; Middle East (@teslaeurope) <a href="https://twitter.com/teslaeurope/status/1838198302925304072?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Norwegian Road Federation said last week that there are 2.8 million private cars registered in the country. Of these, 754,303 are battery electric vehicles and only 753,905 are powered by gasoline. Diesel, however, continues to be the most popular fuel choice in the country. 
This is in spite of the country&#8217;s low temperatures. EV critics have often said that electric vehicles will not work well in the cold and offer low range once the mercury drops. 
Why It Matters: Last month, over 94% of all new car registrations in Norway were EVs. Model Y was the best-selling EV in the country during the month, accounting for 19% of overall vehicle sales <a href="https://www.benzinga.com/news/24/05/38897285/whats-going-on-with-teslas-stock">in the country</a>.
Other popular vehicle models in the country include the Volvo EX30, the Skoda Enyaq, and the Volkswagen ID.4. 
Norway has set a goal of making all new cars sold in the county zero emission vehicles by 2025, years ahead of the European Union.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40999063/elon-musks-grok-ai-chatbot-has-no-clue-what-teslas-cybertruck-looks-like-senior-exec-calls-it-extra">Elon Musk&#8217;s Grok AI Chatbot Has &#8216;No Clue&#8217; What Tesla&#8217;s Cybertruck Looks Like: Senior Exec Calls It &#8216;Extra Disappointing&#8217;</a></li>
</ul>
Photo by Michal Lauko on Unsplash

TSLA

Tesla Says Model Y Is The Best-Selling EV In Norway With Over 60K Units On Road

The stubborn inflationary pressure that<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> kept the Federal Reserve in abeyance until earlier this month </a>could be a thing of the past but another risk could supersede it, an economist said on Monday.
What Happened: The artificial intelligence technology is a &#8220;deflationary nuclear bomb,&#8221; said prominent investor and macroeconomist Raoul Pal. &#8220;The cheaper it gets, the cheaper everything gets… electricity is the other one,&#8221; he said.
He also said, &#8220;We are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and compute…,&#8221; he said.
Pal&#8217;s comments came in response to a post by a social-media user in which he quoted comments from Dane Vahey, Head of Strategic Marketing at OpenAI. The executive said in a presentation that the cost per million tokens fell from $36 to 25 cents in the past 18 months. &#8220;AI has been the greatest cost-depreciating technology ever invented,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I've said, AI is a deflationary nuclear bomb. The cheaper it gets, the cheaper everything gets… electricity is the other one. No one believes it now but we are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and… <a href="https://t.co/Qa6yjKiAPx">https://t.co/Qa6yjKiAPx</a>
&mdash; Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1838406207641653606?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a> Why It&#8217;s Important: A similar<a href="https://www.forbes.com/sites/sergeiklebnikov/2023/10/04/cathie-wood-predicts-ai-will-lead-to-deflation-and-drive-markets-higher/"> view </a>was expressed by Ark Invest founder Cathie Wood at a Forbes conference late last year. The fund manager mentioned AI as a source of deflation. Sun Microsystems co-founder Vinod Khosla said in a December tweet, &#8220;AI should be hugely deflationary over twenty-five years.&#8221;</figcaption></figure>
Khosla, who is also a venture capitalist, having invested in OpenAI, said the current measures of GDP and economy will be less relevant but goods and services in great abundance. 
AI and automation can perk up productivity and efficiency, thereby enabling producers to meet consumer demand without a concomitant increase in prices.
Robots are now being manufactured on a large scale and have various use cases across the manufacturing industries. Elon Musk&#8217;s Tesla is developing a humanoid robot called Teslabot. On the second-quarter earnings call, Musk said the potential that general-purpose humanoid robots offer is several times that of the $5 trillion opportunity for robotaxis.
Apart from keeping prices, artificial general intelligence will also boost GDP, Ark Invest&#8217;s Wood said back in early 2022 &#8211; a time when the AI revolution was yet to kickstart. A breakthrough in AGI will lead to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27339602/cathie-wood-has-cure-for-sagging-gdp-growth-sees-this-technology-accelerating-annua">acceleration of GDP within the next six to 12 years,</a> she said, adding that GDP growth will increase from the 3-5% year-over-year rate currently to 30-50% per year.
On the flip side, there are worries that the benefits of AI would come at the expense of humans and could lead to large-scale job losses.
In premarket trading on Tuesday, the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) edged up 0.11% at $36.16, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>The Global X Robotics &amp; Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>) was up a more modest 0.04% at $31.15.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40897039/jim-cramer-says-he-likes-this-nancy-pelosi-portfolio-stock-very-much-and-this-ai-pl">Jim Cramer Says He Likes This Nancy Pelosi Portfolio Stock &#8216;Very Much:&#8217; And This AI Play Is Reasonably Valued Than High-Flier Nvidia</a></li>
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Image Via Shutterstock

Economics

Federal Reserve

BOTZ

A 'Deflationary Nuclear Bomb' Is Ticking, Warns Economist, Even As Inflation Risks Wane: 'Cheaper It Gets, Cheaper Everything Gets'

Roth MKM analyst Jonathan Aschoff maintains Zevra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) with a Buy and raises the price target from $19 to $21.

Price Target

ZVRA

Roth MKM Maintains Buy on Zevra Therapeutics, Raises Price Target to $21

Lotus Tech Unveils Groundbreaking Intelligent Driving Services, Achieves 533 Kilometers Of Autonomous Driving Without Intervention, Setting New Standards In Luxury Automotive Technology

<a href="https://www.globenewswire.com/Tracker?data=u__EcdHyxyoNqn01p2yG1vMlvN47sF2FkFGe-sdX9GqR7I8HbDcDvEmZIPlZ_Yn7tZ_u1HkDpxUgsHgDNw1rAA==">ABM (NYSE:</a><a href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>), a leading provider of integrated facility services, infrastructure solutions, and parking management, today announced a distributorship agreement with <a href="https://www.globenewswire.com/Tracker?data=6xDlfYiK6RHtxZ1B-aj2ncXx1sxHNVHZ23D8Jn-FH-DacqXwzc2NmQpLGqLUrmu579-M9-ewGQne0QCgid1glNP6MsNZVVW4WVYDCHLE154=">Samsung C&amp;T</a> Charging Solutions, making ABM an authorized distributor and servicer of EVSIS-branded DC Fast Chargers. Samsung C&amp;T Charging Solutions is an equity partner of the Korean DC Fast Chargers manufacturer EVSIS, which is entering the United States market. &nbsp;
The EVSIS chargers are versatile and high-quality, with best-in-class technology that integrates seamlessly with the cloud-based <a href="https://www.globenewswire.com/Tracker?data=3c82g6zuJHtSlAHprFkNAjBjCYt4m5ugaDVEOVcjLBVGGtXdtXbKN6PSQ4TiIUyBdFMVw9x56CoPQqtRjRUAKqPsYPA9-GcgvqBAg1U9nPthwR9LjjsCsSJBg959koScU7oe-2KGY5oqZMnC1Uz5TYgdBXupjsqJNA735KYBiZHgs8yPctcL0MeitK3PEKsTO_vCxScGVvr1Q1PFuoaF0iHFUJwUjGX3u_EkgihogBxHnqjEywISQD2bnXgqzSvz0G3rT_IQdZUhMe-GA8Ce17UE5ttef9FVGvhiodgkpUBff-2OOtbhOEl9ceGNmMo58EaHEBBQRmerk_yLD9fSjFZ4pxTvB5AKdTBcbqz7MZZnMHMRNIQ43EmEh1eYKI0Isdp8A7k_IJiSU_BJGBCiI_t_0TfM6S1_X2aNHctrDOgro76lkXPT31tsJY1C4kjqG2R8UT3NtxMlke190kGPGFCP5DcqAA6RndYJmFzjAoeAN2Cb11pcq_PBpDJpKjiEJzwayugvIqKALSnJmxxGt3VlHs1HPC1kDc-n022mlpPz22CAKJypZIMvWFI_1Mg6sgrmgDrlzLjwAmk7AxQO1h5QZtK3pFGCJ4Hu_3AMtDyQDttkFPb7m3dy1l_Mr6mFxCVjq8ipJQcT7FGm4N_v84nC7WOreAwkazTulVdnMAgZLoPUqHwqp0ZyuMTfJG8DPGkIP2KVT6AI2OnUXnq6K0q5n-0NKitWaXP0_GmHnBREYeuE19LbJTfVKELSl1xz_4LXljkXpixEzPGnFAMjAJK4KmW2HMKpC5qZba28AO6004-TyTVx8QQMsXfEDPWIUXlzjfmsdmmuKb-wwB4_jZPUAMSQhECTNd6JAhZpHWW8ZRhQ7uyn_rft56grwjI-2jCXDWfItZ-DFdsu6dh6risAwVOVDF89u2GcC7jcIbxKZNlpVdmEmnq5Kca4hbSMwQGdBPM5jPbpIOb-28flmk2PVYoEPl2mz4Z4qnnM6AVppBeA8Xgx8LuzEGpOmHGBX1zeiy5lHdkQjGIIVAlbAW-AuFOmQjgEtwgRFbgnOGcgVmQdlcz1sYT-YjQnuP_qAQ2Nshrdbw9B3zyzDxenKk2vbnO-9Qqyx0VkdoW6ddwWkGPmOPlgmsQuzhs5wJ4a">ABM EV OS</a> platform – enabling for scalable expansion, intelligent monitoring, remote operation management, comprehensive reporting, and automatic infrastructure diagnostics. Through this partnership, all EVSIS chargers will be offered and serviced alongside ABM's current charger portfolio.

SSNLF

ABM Expands Charger Portfolio With Samsung C&T Charging Solutions Partnership

VBFC

Trading Halt: Halt status updated at 8:25:00 AM ET: Quotation Resumption: News and Resumption Times

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SEEL

Seelos Therapeutics Signs Material Transfer Agreement To Supply SLS-002 For The DoD's Military and Veterans Adaptive Platform Clinical Trial To Evaluate Its Potential For PTSD Treatment

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SLXN

Silexion Therapeutics shares are trading higher after the company announced findings from its Phase 2 trial of LODER in patients with non-resectable locally advanced pancreatic cancer.

On Monday, T-Mobile US, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) disclosed plans to raise $2.5 billion through a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40993659/t-mobile-agrees-to-sell-2-5-billion-of-senior-notes" rel="noreferrer noopener">secondary senior notes offering</a> for general corporate purposes, including share repurchases, dividends, and refinancing of existing indebtedness.
T-Mobile USA subsidiary looks to sell the $700 million aggregate principal amount of its 4.200% Senior Notes due 2029, the $900 million aggregate principal amount of its 4.700% Senior Notes due 2035, and the $900 million aggregate principal amount of its 5.250% Senior Notes due 2055.
Recently, analysts re-rated T-Mobile after it shared its three-year plan, which focused on improving customer experience and dividend boost at a time when its rivals <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40944666/t-mobile-announces-3-year-ai-plan-analyst-says-could-mean-sizable-capital-returns-t" rel="noreferrer noopener">focused on cost-cutting</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40925493/t-mobile-partners-with-nvidia-ericsson-and-nokia-to-pioneer-ai-driven-mobile-networks" rel="noreferrer noopener">T-Mobile Partners with NVIDIA, Ericsson, And Nokia to Pioneer AI-Driven Mobile Networks</a>
Oppenheimer analyst Timothy Horan flagged the company&#8217;s transformation into a wireless carrier in spectrum depth, network performance, growth, free cash flow margins, and its lead in generative artificial intelligence.
KeyBanc analyst Brandon Nispel expects T-Mobile targets to help it become a leading home broadband provider by customer count, beating AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and&nbsp;Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>).
T-Mobile reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40067376/t-mobiles-q2-earnings-net-postpaid-adds-record-free-cash-flow-subscriber-boost-and-more" rel="noreferrer noopener">3% topline growth</a> in the second quarter, reaching revenue of $19.77 billion, above the analyst consensus of $19.55 billion. The company&#8217;s quarterly postpaid net account additions stood at 301 thousand. The high-speed internet net customer additions were 406 thousand.
T-Mobile stock is up 45% in the last 12 months. Investors can gain exposure to the stock through BlackRock U.S. Equity Factor Rotation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DYNF#NYSE">DYNF</a>) and Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>).
Price Action: TMUS stock is down 0.23% at $201.99 premarket at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40826886/t-mobile-sends-first-wireless-emergency-alert-via-spacexs-starlink-satellites-in-space" target="_blank" rel="noreferrer noopener">T-Mobile Sends First Wireless Emergency Alert Via SpaceX&#8217;s Starlink Satellites In Space</a></li>
</ul>
Photo by viewimage on Shutterstock

Financing

DYNF

TMUS

T-Mobile To Raise $2.5B Via Debt For Buybacks and Growth

Proceeds To Redeem 5.25% Senior Notes Due 2025

Offerings

MATW

Matthews International Prices $300M Offering Of 8.625% Senior Secured Second Lien Notes Due 2027

GBNY

Generations Bancorp shares are trading higher after ESL Federal Credit Union agreed to acquire substantially all of the company's assets and liabilities.

NICE

NICE Actimize Introduces AI-Powered Fraud Investigations Solution To Enhance Efficiency And Reduce Losses For Financial Institutions, Utilizing Generative AI And Advanced Analytics For Automated Fraud Management

The Federal Reserve&#8217;s recent 50 basis point rate cut marks a notable shift in monetary policy, with significant implications for both the U.S. economy <a href="https://www.benzinga.com/markets/emerging-markets">and global markets</a>. 
Fund managers and strategists are weighing in on what this means for investors and what to expect next.
<h2 class="wp-block-heading">KraneShares: Fed's Rate Cut Signals A Cycle</h2>
Brendan Ahern, CIO of KraneShares, believes the Fed's 50 bps rate cut is the beginning of a larger easing cycle.
According to Ahern, &#8220;Another 50 basis point reduction is expected later this year, with an additional 100 basis points projected for 2025.&#8221; 
While some fear the possibility of a mild recession, Ahern points out that the U.S. economy is still displaying resilience. "Unemployment remains low, inflation is easing, consumer spending is holding strong, and corporate profits are generally stable," he notes, suggesting the potential for a "soft landing" instead of a hard downturn.
<h2 class="wp-block-heading">Russell Investments: Softer Stance Could Boost Markets</h2>
Paul Eitelman, chief investment strategist at Russell Investments, shares a more tempered yet optimistic view, noting that the Fed&#8217;s focus is shifting from aggressive inflation control to stabilizing economic growth.
&#8220;This marked the start of a long-awaited easing cycle,&#8221; he said, adding that the Fed is aiming to prevent major damage to the labor market.
Eitelman expects the Fed to maintain a steady pace of cuts—25 bps at each meeting through 2025—to balance risks. Should this strategy succeed, sectors like real estate and small caps could benefit from lower rates and a stabilizing economy.
The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) and the SPDR Real Estate Select Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) are two of the most popular real estate equity tracking ETFs in the U.S. 
On the small-cap front, the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) and the iShares Russell 2000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWO#NYSE">IWO</a>) are two popular ETFs tracking the Russell 2000 Index &#8211; a popular benchmark for small-cap equity in the U.S. The iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) and the Vanguard Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VB#NYSE">VB</a>) are two other popular small-cap equity-tracking ETFs.
Don't miss out on this unparalleled opportunity:
<ul>
<li><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Register now to secure your spot at Benzinga's Largest SmallCap Conference ever in Chicago!</a></li>
</ul>
<h2 class="wp-block-heading">WisdomTree&#8217;s Senior Economist: &#8220;I Am Surprised"</h2>
WisdomTree senior economist Professor Jeremy Siegel offered a candid take, expressing surprise at the Fed's bold move. &#8220;I&#8217;ll have to say, I am surprised. I was saying of course I wanted 50, you know I even wanted more, but I didn&#8217;t think he was going to do it.&#8221;
Siegel&#8217;s analysis also highlights the Fed's response to catching up with inflation control. "They realize that they were a bit behind the curve and now they are catching up," he said.
Siegel believes the rate cuts lower the probability of a recession, helping sustain economic strength.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40995794/key-stock-market-dates-predicting-major-swings-revealed-ahead-of-2024-election-according-to-bank">Key Stock Market Dates Predicting Major Swings Revealed Ahead Of 2024 Election, According To Bank Of America</a>
<h2 class="wp-block-heading">Emerging Markets: A Beneficiary Of Lower Rates?</h2>
KraneShares' Ahern also highlights the potential boost for emerging markets. A weaker U.S. dollar resulting from lower rates could &#8220;strengthen emerging market currencies,&#8221; and increased capital inflows may follow. Investors in the iShares Core MSCI Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEMG#NYSE">IEMG</a>) and the Vanguard FTSE Emerging Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VWO#NYSE">VWO</a>) are well-positioned to benefit from the strengthening of emerging market equities.
Chinese assets, in particular, are attracting global investors as they trade at low valuations. Investors in the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) are positioned to benefit from any increase in fund flows towards Chinese equities.
Ahern advises closely watching both U.S. policy shifts and China's economic recovery for potential opportunities in this space.
While the Fed's aggressive 50 bps cut has caught many by surprise, fund managers and strategists agree it may provide much-needed relief to financial markets, with growth sectors and emerging markets standing to benefit from the shift.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/bonds/24/09/40993114/companies-run-to-bond-markets-after-last-weeks-fed-rate-cut">Companies Run To Bond Markets After Last Week&#8217;s Fed Rate Cut</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Asia

Sector ETFs

Broad U.S. Equity ETFs

Emerging Markets

Small Cap Analysis

Emerging Market ETFs

ETFs

IEMG

KWEB

MCHI

XLRE

Fed 'Catching Up' With 50-Point Rate Cut: Fund Managers Expect Gains In Emerging Markets, Small Caps

Cantor Fitzgerald analyst Andres Sheppard reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Neutral and maintains $245 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on Tesla, Maintains $245 Price Target

<a href="https://www.globenewswire.com/Tracker?data=dpqh7UdgWYXV13yvJv8qV6TQm-O7j_pftPCUCy8anFuavrK7ig5Eddq8LkmJW0n8VhnZcphmNQ0DvD1YvIgkVw==">Cerence Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>), AI for a world in motion, today announced that Tuya Smart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>, HKEX: 2391)))), a global cloud platform service provider, is partnering with Cerence to provide multi-lingual text-to-speech (TTS) for its cloud developer platform designed specifically for two-wheeled vehicles, including motorcycles, e-bikes, and more. &nbsp;
Tuya's cloud developer platform provides its customers – in this case, the more than 100 two-wheeler manufacturers using the "Works with Smart Life" app – with a complete set of smart solutions, including apps, cloud capabilities, hardware, and more. Tuya will integrate Cerence TTS into its cloud developer platform designed for two-wheeler solutions, which will further enable riders to request and hear via voice real-time riding speed, riding time, battery information, phone and text messages, etc., making each ride safer and more enjoyable. In the future, the companies will partner to bring additional Cerence solutions to Tuya's cloud developer platform, further enhancing voice-powered interaction for two-wheeler riders.

CRNC

TUYA

Tuya Smart Is Partnering With Cerence To Provide Multi-Lingual Text-To-Speech For Its Cloud Developer Platform Designed Specifically For Two-Wheeled Vehicles, Including Motorcycles, E-Bikes, And More

BRNS

Barinthus Bio Begins Phase 1 Trial Of VTP-1000 For Celiac Disease, Evaluating Safety And Tolerability In First-In-Human Study With Controlled Gluten Challenge

Standard BioTools Sets New Record With Expanded SomaScan 11K Platform, Offering 11,000 Protein Measurements Across Multiple Sample Types Including Cerebrospinal Fluid And Tissue Homogenates

Management

CRMT

America's Car-Mart Appoints Jamie Fischer As COO

Waste Management, Inc., a Delaware corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) ("WM"), announced today that it has received, on behalf of Stericycle, Inc., a Delaware corporation ("SRCL"), the requisite consents to amend the 3.875% Senior Notes due 2029 (the "SRCL Notes") issued by SRCL and the indenture governing the SRCL Notes (the "SRCL Indenture") to eliminate substantially all of the restrictive covenants and events of default, other than payment-related, guarantee-related and bankruptcy-related events of default (collectively, the "Proposed Amendments"), based on the early tender results in connection with WM's previously announced (i) private offer to exchange (the "Exchange Offer") any and all of the $500 million aggregate principal amount outstanding of SRCL Notes held by eligible holders for a series of new notes to be issued by WM (the "WM Notes"), and (ii) WM's related solicitation of consents, on behalf of SRCL (the "Consent Solicitation"), to adopt the Proposed Amendments, pursuant to the terms and subject to the conditions set forth in an exchange offer memorandum and consent solicitation statement, dated September 10, 2024 (the "Offering Memorandum").

WM Announces Successful Early Tender Results In Private Exchange Offer And Consent Solicitation For Any And All Of Stericycle $500M Outstanding 3.875% Senior Notes Due 2029

Thor Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading lower on Tuesday.</a>
The company reported fourth-quarter earnings per share of $1.68, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40998065/thor-industries-announces-fourth-quarter-fiscal-2024-results" rel="noreferrer noopener">beating the street view of $1.43</a>. Quarterly sales of $2.534 billion (down 7.4%) outpaced the analyst consensus of $2.471 billion.
North American Towable RV net sales were up 0.1% for the fourth quarter, North American Motorized RV net sales decreased 21.2%, and European RV net sales decreased 7.4% on a year over year basis. Quarterly gross profit margin expanded by 140 basis points to 15.8%.
&#8220;We realized strong margin performance relative to the current market conditions as our teams executed on strategic initiatives designed to maximize our operational efficiency. This long-term focus puts THOR in a strong position for our Fall Open House event and the coming winter season,&#8221; said Bob Martin, President and CEO of the company.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40998340/nasdaq-s-p-500-futures-firm-chinas-economic-stimulus-fuels-commodities-bitcoin-steady-heres-what-tr" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Firm, China&#8217;s Economic Stimulus Fuels Commodities, Bitcoin Steady: Here&#8217;s What Traders Should Be Watching Tuesday</a>
Thor Industries exited the quarter with cash and equivalents worth $501.32 million. Inventories as of quarter end totaled $1.366 billion. 
Outlook: Thor Industries anticipates fiscal year 2025 sales between $9.0 billion and $9.8 billion, compared to the $10.49 billion estimate, and expects EPS to range from $4.00 to $5.00, below the estimated $6.65.
&#8220;Our base assumption for forecasting will be that the macro challenges will persist through our fiscal year 2025, which runs from August 1, 2024 through July 31, 2025. In North America, we expect discounting in fiscal 2025 to remain elevated in our Motorized segment, while we expect discounts to slightly moderate in our Towable segment,&#8221; the company said.
Price Action: THO shares are trading lower by 2.97% to $100.12 premarket at last check Tuesday.
Photo via Shutterstock
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Shrenik Kothari, an analyst from Robert W. Baird, maintained the Buy rating on Tenable Holdings (TENB – Research Report). The associated price targ...

Tenable Holdings: A Buy Rating on Strong Financials and Growth Strategy

Analyst Shrenik Kothari of Robert W. Baird maintained a Buy rating on Tenable Holdings (TENB – Research Report), retaining the price target of $53....

Tenable Holdings: Strategic Cloud Security Expansion and Buy Rating Post 2Q Earnings

As remote work becomes increasingly prevalent, ensuring robust cloud security is more critical than ever. The surge in cyber threats highlights the need for reliable protection, making it an opportune moment for investors to consider robust cloud security stocks Tenable Holdings (TENB), Trend Micro (TMICY), and Darktrace (DRKTY). Read on… Since the Covid-19 pandemic, remote work has become the preferred method of employment for millions, even years after the pandemic has ended. According to the Pew Research Center, around <a href="https://www.usatoday.com/money/blueprint/business/hr-payroll/remote-work-statistics/">22 million employed adults</a> in the United States work from home full-time, equal to roughly 14% of all employed adults.
Given this shift, investing in fundamentally robust cloud security stocks, such as Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>), and Darktrace plc (DRKTY), could be advantageous. Before diving into the stocks, let's first understand the current state of the cloud security industry.
As remote work continues to rise, securing the data stored in cloud-based systems has become essential to fend off increasing cyberattacks and threats. The <a href="https://edition.cnn.com/2024/07/24/tech/crowdstrike-outage-cost-cause/index.html">recent software glitch</a> at CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), which resulted in a major tech outage and left millions of Windows users locked out of their devices, highlights the need for advanced cybersecurity.
That being said, while organizations are swiftly adopting new defenses, there is still ample opportunity for innovation in strengthening cybersecurity measures. Accordingly, the increasing threat of cybercrime has made governments and organizations invest billions in beefing up the digital security.
The Biden-Harris administration has <a href="https://federalnewsnetwork.com/budget/2024/03/biden-budget-request-includes-13b-for-cybersecurity-continuing-upward-trend/?readmore=1">proposed $13 billion in cybersecurity funding</a> across civilian departments and agencies for fiscal 2024. Additionally, the fiscal 2025 proposal allocates $3 billion to the Cybersecurity and Infrastructure Security Agency (CISA), marking a $103 million increase from its current budget.
Thus, the adoption of cloud security and other cybersecurity measures has become crucial for organizations to prevent data theft and breaches. According to Mordor Intelligence, the cloud security software market is projected to reach $102.59 billion by 2029, expanding at <a href="https://www.mordorintelligence.com/industry-reports/global-cloud-security-software-market-industry">a CAGR of 17.6%</a>.
In light of these encouraging trends, let's examine the fundamentals of the three cloud security stock picks, starting with #3.
Stock #3: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB offers exposure management solutions for managing cybersecurity risk in information technology (IT) environments. Its solutions include Tenable Vulnerability Management, Cloud Security, Identity Exposure, Web App Scanning, Lumin Exposure View, Attack Surface Management, Security Center, and more.
On June 6, TENB announced a definitive <a href="https://investors.tenable.com/news-releases/news-release-details/tenable-acquire-eureka-security-add-data-security-posture">agreement to acquire Eureka Security, Inc</a>., a provider of data security posture management (DSPM) for cloud environments. The strategic move would enhance TENB's capability to prioritize cloud risks effectively by integrating advanced DSPM technology.
This underscores TENB's commitment to innovation in cybersecurity, positioning the company at the forefront of cloud security solutions.
On June 5, TENB announced a <a href="https://investors.tenable.com/news-releases/news-release-details/tenable-and-deloitte-announce-strategic-alliance-help-clients">strategic alliance with Deloitte</a> to offer advanced exposure management solutions, including vulnerability management, cloud security, and operational technology security. Deloitte will integrate TENB's One Exposure Management Platform, Cloud Security, and OT Security into its cyber solutions portfolio.
The strategic alliance aims the use of preventive security measures by organizations to better understand their cyber risks and help resolve issues, in turn increasing TENB's market exposure and opening its doors for new customers.
For the fiscal 2024 second quarter that ended June 30, 2024, TENB's revenue increased by 13.4% year-over-year to $221.24 million. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> came in at $172.44 million, showing an increase of 13.8% year-over-year.
Moreover, the company's non-GAAP income from operations was reported to be $42.78 million, a 41.6% increase from the previous year's quarter. In addition, TENB's non-GAAP net income was $38.16 million or $0.31 per share, a 45.3% and 40.9% year-over-year increase.
Street expects TENB's revenue and EPS for the fiscal third quarter ending September 2024 to increase 10.8% and 28.4% year-over-year to $223.21 million and $0.30, respectively. Plus, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of TENB have gained 11.6% over the past nine months, closing the last trading session at $41.60.
TENB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
TENB is ranked #8 out of 23 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software – Security</a> industry. It has an A grade for Growth.
<a href="https://stocknews.com/stock/TENB/">Click here</a> to see TENB's Value, Momentum, Sentiment, Quality, and Stability ratings.
Stock #2: Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>)
Based in Tokyo, Japan, TMICY specializes in development and sale of computer security products and services. The company's product offering includes personal computer (PC) clients, local area network (LAN) servers, Internet servers, and more.
On August 7, the company <a href="https://www.trendmicro.com/en_au/about/newsroom/press-releases/2024/08-08-2024.html">launched a new solution</a>, which was included in TMICY's Vision One&#x2122; Sovereign Private Cloud — powered by NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) NIM microservices, part of the NVDA AI Enterprise software platform. This would allow organizations to boost the potential of the AI era while maintaining business resilience.
TMICY, through this development, aims to pioneer AI for security and security for AI to ensure that any team can securely innovate without elevating risk and implement new technology appropriately to improve business resilience.
On August 6, TMICY announced its <a href="https://www.trendmicro.com/en_sg/about/newsroom/press-releases/2024/2024-08-06.html">partnership with GMI Cloud</a>, a leading AI-native GPU cloud provider known for its vertically integrated platform optimized for Artificial Intelligence (AI) and Machine Learning (ML) workloads. The collaboration aims to bolster TMICY's growth by significantly enhancing its capabilities in secure AI infrastructure.
TMICY's net sales for the six months that ended June 30, 2024, stood at ¥134.53 billion ($913.56 million), up 12.5% over the prior-year quarter. Its operating income increased 34.4% year-over-year to ¥24.44 billion ($165.93 million).
In addition, net income attributable to owners of the parent rose 50.9% from the prior year quarter to ¥17.90 billion ($121.52 million).
Analysts expect TMICY's revenue for the fiscal third quarter (ending September 2024) to increase 9.9% year-over-year to $466.05 million. Its EPS for the same quarter is expected to register a robust growth of 907.1% from the previous year's period, settling at $0.50. Plus, the company has surpassed its consensus revenue estimates in three of four trailing quarters.
TMICY's stock has gained 16.3% over the past nine months and 24.4% over the past month, closing the last trading session at $54.78.
It's no surprise that TMICY has an overall rating of B, equating to a Buy in our POWR Ratings system.
The stock also has a B grade for Stability and Quality. It is ranked #2 out of 23 stocks in the same industry.
Beyond what is stated above, we've also rated TMICY for Growth, Value, Momentum, and Sentiment. Get all TMICY ratings <a href="https://stocknews.com/stock/TMICY/">here</a>.
Stock #1: Darktrace plc (<a href="https://stocknews.com/stock/DRKTY/">DRKTY</a>)
Headquartered in Cambridge, United Kingdom, DRKTY is an autonomous cybersecurity artificial intelligence (AI) company focused on providing AI solutions for enterprises. The company's portfolio includes Network, Cloud, Endpoint, Zero Trust, Email, Software as a Service (SaaS), and Operational Technology (OT) security.
On June 6, DRKTY launched <a href="https://ir.darktrace.com/press-releases/2024/6/6/c7beb76a6dd279ee39997ca5e9645fa1d983bab32429ef6af0417d38d32ba284">Darktrace Managed Detection &amp; Response (MDR)</a>, combining its leading detection and response capabilities across enterprises with the expertise of its global analyst team. The initiative strengthens DRKTY's growth by empowering organizations with AI-driven threat containment and expert alert management.
It would enable DRKTY to expand its market reach and solidify its position as a leader in advanced cybersecurity solutions, driving innovation and client satisfaction in the evolving security landscape.
For the fiscal 2024 first half that ended December 31, 2023, DRKTY's revenues increased 27.4% year-over-year to $330.30 million. Its gross profit grew 26.8% from the year-ago value to $294.88 million.  In addition, the company's adjusted EBITDA rose 87% from the prior year's period to $84.52 million.
Shares of DRKTY have gained 61.8% over the past year and 76.9% over the past six months to close the last trading session at $7.60.
DRKTY's POWR Ratings reflect strong prospects. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Growth and Stability. DRKTY has topped the 23-stock Software – Security industry.
Beyond what we stated above, we also have given DRKTY grades for Value, Momentum, and Sentiment. Get all the DRKTY's ratings <a href="https://stocknews.com/stock/DRKTY/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
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TMICY shares were trading at $54.78 per share on Wednesday afternoon, down $1.27 (-2.27%). Year-to-date, TMICY has gained 2.62%, versus a 15.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tmicy-drkty-tenb-nvda-crwd-3-cloud-security-stocks-benefiting-from-remote-work-trends/>3 Cloud Security Stocks Benefiting from Remote Work Trends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cloud Security Stocks Benefiting from Remote Work Trends

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In a report released today, Brad Reback from Stifel Nicolaus maintained a Buy rating on Tenable Holdings (TENB – Research Report), with a price tar...

Stifel Nicolaus Remains a Buy on Tenable Holdings (TENB)

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The cybersecurity industry is experiencing rapid growth, fueled by organizations' increasing reliance on tech for their operations and rising concerns about cyberattacks. Thus, it could be wise to look into quality cybersecurity stocks, Tenable Holdings (TENB), Fortinet (FTNT), and Check Point Software (CHKP). Keep reading… In today's increasingly interconnected world, strengthening digital defenses is crucial, as evidenced by the rise in cyber threats. Given this backdrop, investors could keep a watchful eye on fundamentally strong software-security stocks, Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>).
In the current digital era, the need to enhance cybersecurity is more critical than ever. The global cybersecurity market is expected to reach <a href="https://www.marketsandmarkets.com/Market-Reports/cyber-security-industry-outlook-217338166.html">$208.80 billion this year</a>, prompting companies to make substantial investments to counter escalating threats. With cyberattacks becoming more frequent and expensive, businesses can no longer afford to cut corners on security.
Software companies continuously innovate and partner with others to keep pace with the ever-changing tactics of cybercriminals while also investing heavily in research and development. These efforts have significantly strengthened the cybersecurity industry. The global cybersecurity market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market">CAGR of 12.3%</a> by 2030.
Given these encouraging trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, beginning with the third choice.
Stock #3: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB offers exposure management solutions for managing cybersecurity risk in IT environments. Its solutions include Tenable Vulnerability Management, Cloud Security, Identity Exposure, Web App Scanning, Lumin Exposure View, Attack Surface Management, Security Center, and more.
On September 18, 2024, TENB announced the availability of Tenable Enclave Security, a solution that supports the needs of customers operating in highly secure environments, such as those that are classified or otherwise air-gapped.
Backed by Tenable Security Center, Tenable Enclave Security protects IT assets and modern workloads with risk assessment and contextual insight so organizations can identify exposures before they cause damage. 
TENB's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 77.43% is 56.1% higher than the industry average of 49.60%. Its trailing-12-month levered FCF margin of 19.96% is 96.3% higher than the industry average of 10.17%.
For the fiscal 2024 second quarter that ended June 30, 2024, TENB's revenue increased by 13.4% year-over-year to $221.24 million. Its gross profit came in at $172.44 million, showing an increase of 13.8% year-over-year.
Moreover, the company's non-GAAP income from operations was reported to be $42.78 million, a 41.6% increase from the previous year's quarter. In addition, TENB's non-GAAP net income was $38.16 million or $0.31 per share, a 45.3% and 40.9% year-over-year increase.
Street expects TENB's revenue and EPS for the fiscal third quarter ending September 2024 to increase 10.8% and 28.4% year-over-year to $223.21 million and $0.30, respectively. Plus, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of TENB have gained 2.9% over the past three months to close the last trading session at $40.28.
TENB's positive fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TENB has an A grade for Growth and a B for Sentiment. It is ranked #8 out of 23 stocks in the <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
<a href="https://stocknews.com/stock/TENB/">Click here</a> to access additional TENB ratings (Momentum, Value, Quality, and Stability).
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT offers cybersecurity and networking solutions globally. The company's FortiGate hardware and software licenses provide various security and networking functions. It also offers the FortiSwitch product family, which provides secure switching solutions for connecting customers to their end devices.
On August 27, FTNT announced the addition of sovereign SASE and generative AI capabilities to its robust unified SASE solution. Fortinet Unified SASE provides complete integration between Fortinet's Secure SD-WAN solution and cloud-delivered security service edge (SSE) under a single console for seamless management, visibility, and security. This new update offers customers unparalleled deployment flexibility and simplicity.
On August 6, the company acquired Next DLP, a leader in insider risk and data protection. This acquisition will help FTNT to improve its position in the standalone enterprise data loss prevention (DLP) market and strengthen its leadership in integrated DLP markets within endpoint and SASE in alignment with its business strategy.
FTNT's trailing-12-month gross profit margin of 78.09% is 57.4% higher than the industry average of 49.60%. Likewise, its trailing-12-month EBITDA margin of 28.15% is 179% higher than the industry average of 10.09%.
For the second quarter of 2024, which ended on June 30, FTNT's total revenues increased 10.9% year-over-year to $1.43 billion. Its gross profit rose 16.3% from the year-ago value to $1.16 billion.
Its non-GAAP operating income stood at $503.60 million, up 44.7% year-over-year, while its non-GAAP net income amounted to $439.90 million, representing an increase of 46.4% from the last year. Also, the company's non-GAAP EPS for the quarter increased 50% year-over-year to $0.57.
FTNT forecasts fiscal year 2024 revenue to range from $5.80 billion to $5.90 billion, with billings between $6.40 billion and $6.60 billion. In addition, it anticipates its non-GAAP gross margin to fall between 79% and 80% and non-GAAP net income per share in the range of $2.00 and $2.04.
Street expects FTNT's revenue for the fiscal third quarter (ending September 2024) to increase 10.9% year-over-year to $1.48 billion. Moreover, its EPS estimate of $0.52 for the same period indicates a 26.5% year-over-year growth. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.
FTNT's stock has surged 11.6% over the past six months to close the last trading session at $75.66.
FTNT's solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
FTNT has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry.
In addition to the POWR Ratings we've stated above, we also have FTNT ratings for Momentum, Growth, Value, and Stability. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On July 11, CHKP announced that its board of directors had authorized a $2 billion expansion of the company's ongoing share repurchase program. This expanded buyback, expected to be completed by the fourth quarter of 2024, reflects confidence in the company's financial health and aims to boost shareholder value and investor sentiment.
For the fiscal second quarter that ended June 30, 2024, CHKP's total revenues stood at $627.40 million, up 6.6% year-over-year, while its non-GAAP operating income increased marginally from the year-ago value to $265.10 million. The company's non-GAAP net income and earnings per share increased 3.2% and 8.5% over the prior-year quarter to $246 million and $2.17, respectively.
The consensus revenue estimate of $635.06 million for the fiscal third quarter (ending September 2024) represents a 6.5% increase year-over-year. The consensus EPS estimate of $2.25 for the ongoing quarter indicates an 8.7% improvement year-over-year. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
CHKP shares have surged 39.2% over the past year and 25.1% year-to-date to close the last trading session at $191.09.
CHKP's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. 
The stock has an A grade for Quality. Within the same industry, CHKP is ranked #6.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional ratings of CHKP for Stability, Growth, Sentiment, Value, and Momentum.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
FTNT shares were trading at $76.60 per share on Friday afternoon, up $0.94 (+1.24%). Year-to-date, FTNT has gained 30.87%, versus a 20.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-tenb-3-cybersecurity-stocks-to-watch-as-data-breaches-rise/>3 Cybersecurity Stocks to Watch as Data Breaches Rise</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks to Watch as Data Breaches Rise

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DELL

DRKTY

ESTC

FROG

FTNT

GTLB

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INTA

ITRN

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MPTI

MRVL

NVDA

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Press Releases

Tenable Announces Date For Its Second Quarter Earnings Conference Call

Tenable Launches Public Sector Advisory Board and Names Inaugural Members

Tenable Announces Second Quarter 2024 Financial Results

Tenable Unveils Industry Leading Vulnerability Intelligence Data and Response Capabilities to Expose and Close Priority Threats that Drive Up Risk

Tenable Names Cloud Security Expert, Shai Morag, Chief Product Officer

Tenable Recognized as the Top Performer in Cloud Security by CRN 2024 Annual Report Card Award

Tenable to Participate in Upcoming Investor Events

Tenable Enhances Nessus Risk Prioritization to Help Customers Expose and Close Exposures

Tenable Introduces AI Aware: A Groundbreaking Proactive Security Solution for AI and Large Language Models

Tenable Launches Tenable Enclave Security to Meet Demands of Highly Secure Environments

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Tenable Holdings

Tenable Holdings (TENB) Forecast

Tenable Holdings (NASDAQ:TENB) Stock, Quote.Headers.trade-ideas