Tenable price target lowered to $42 from $50 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the firm’s price target on Tenable (TENB) to $42 from $50 and keeps an Overweight rating on the shares. Tenable delivered a strong Q1, with outperformance driven by continued momentum in the Tenable One platform and cloud security demand, but Q2 guidance was below estimates, implying 9.4% revenue growth and 2.8% operating income growth at the midpoint, and the company also lowered its full year guidance, the analyst tells investors in a research note.