Tenable price target lowered to $40 from $45 at Canaccord

Canaccord lowered the firm’s price target on Tenable (TENB) to $40 from $45 and keeps a Buy rating on the shares. The firm said Tenable’s Q3 results beat our model on all major line items with total revenue growth of 11% and operating margin of 23%. They noted management modestly raised the midpoint of full-year guidance metrics, reflecting improved visibility for the balance of the year.