Apps & Software

Russian Cyberattacks May Have Started: Goldman Sachs Has 6 Top Stocks to Buy Right Now

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.

The company posted very solid results early in February, and 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.

Tenable stock is Buy-rated at Goldman Sachs, and its $66 target price is in the ballpark with the $66.36 consensus target. Tuesday’s closing share price was $54.51.

While the whirlwind around the top stocks in the sector has changed dramatically over the years as the pace of massive cyberattacks has grown, the need for corporate America and government is increasing every year. With the added threat of multiple attacks from Russia on infrastructure and other vital areas, demand will increase out of sheer necessity. These top stocks offer investors solid ways to play the sector in a multitude of areas.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.