Morgan Stanley lowered the firm’s price target on Tenable (TENB) to $28 from $30 and keeps an Equal Weight rating on the shares. Despite “generally solid” Q1 results, investors’ focus is on a fiscal year Calculated Current Billings guidance cut driven by increased U.S. Public Sector-related caution, the analyst says. On the positive side, strong momentum in large deals, traction with Tenable One and Cloud Security, and reiterated operating income guidance “provide some balance,” the analyst added.
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