Tenable Holdings saw another improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Tenable Holdings is currently forming a flat base, with a 49.77 entry. It previously gapped up from a cup with handle after Q2 earnings. Over time it gave it all back and is now trying to regain those numbers. Look for the stock to break out in volume at least 40% higher than normal.
The stock earns an 80 EPS Rating, meaning its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 340% earnings-per-share growth for Q2. Sales growth increased 19%, up from 18% in the prior quarter. That marks one quarter of accelerating revenue increases. Next earnings currently scheduled for October 24.
Tenable Holdings earns the No. 5 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings is the top-ranked stock within the group. Other tickers include , and .