Apps & Software

Russian Aggression Shines Spotlight on Cybersecurity Stocks: 4 Top Goldman Sachs Picks to Buy


This company may hold the best value for investors at current trading levels. Tenable Holdings (NASDAQ: TENB) provides cyber exposure solutions in the Americas, Europe, the Middle East and elsewhere. The company’s platforms include, a cloud-delivered software as a service, and, an on-premises solution.

Tenable’s platforms provides organizations with a risk-based view of traditional and modern attack surfaces to deliver a complete and continuous view of assets, associated vulnerabilities, internal and regulatory compliance violations, misconfigurations and other cybersecurity issues, as well as prioritizes these issues for remediation based on risk assessment and predictive analytics and provides insightful remediation guidance.

The company also offers Tenable.ot, an on-premises solution that provides threat detection and mitigation, asset tracking, vulnerability management and configuration control capabilities to protect OT environments, including industrial networks. In addition, it provides Nessus Professional, a vulnerability assessment solution for identifying security vulnerabilities, configuration issues and malware. Its Nessus Essentials includes vulnerability and configuration assessment for a limited number of assets.

After the company posted very solid results early in February, Goldman Sachs said this:

Tenable delivered its third quarter in a row of accelerating revenue and current billings growth. Revenue and CCB for the fourth quarter beat consensus estimates (FactSet) with initial guidance for both metrics over fiscal year 2022 consensus as well. In addition to strong execution, Log4J accelerated demand in the quarter, and we expect the vulnerability will remain a meaningful tailwind. The company saw strong customer growth along with healthy traction across its platform and expansion of asset coverage within its installed base to drive better net retention rates. Tenable added 562 new enterprise platform customers, a record add for a single quarter. Healthy large enterprise transactions led to 100 net new six-figure customers, up from 66 in the fourth quarter of 2020.

The price objective on Tenable stock at Goldman Sachs is $66. The consensus target is $66.36, and Monday’s closing print of $55.36 represented a 6% gain for the day.

Of course, investors are well aware of Putin’s threats and the ongoing issues associated with the attack on Ukraine. The need for tech security across enterprise platforms for business and government entities is and will remain enormous. While the war between Russia and Ukraine eventually will be resolved one way or another, the need for intense cybersecurity protection will only increase in the years and decades to come.

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