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Tenable Holdings

Network Security
IPO
Medium risk

The company's revenue from 2015 to 2017

Invest in Tenable Holdings

This investment idea is no longer available. New applications are not accepted

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Investment idea information

ABOUT THE COMPANY

Tenable Network Security is a renowned global provider of cybersecurity solutions. The company develops corporate and consumer products capable of identifying vulnerabilities in any IT system and protecting from hacks.

One of the company’s key products is Tenable.io, a corporate software monitoring IT infrastructure and assessing its vulnerability. Tenable.io verifies corporate networks for compliance with specifications, scans for compromised configurations as well as analyzes and grades risks. This allows cybersecurity specialists of any company optimizing performance of its IT systems.

Tenable is the first and only provider of new class of cybersecurity solutions - Cyber Exposure. Its software is capable of tracking not only traditional IT assets but also identify new threats resulting from implementation of cloud technologies and IoT solutions.

FINANCIAL PERFORMANCE

Revenues were up 33% in 2016 and 51% in 2017. The annual average revenue growth totaled 42% for the last three years. Net operating loss has decreased by half over the last three years driving company’s performance close to breakeven in Q1 2018.

The client base grew from 21,000 to 24,000 in 2016-2017, a 14% increase. Its enterprise platform customers with annual subscription payments of over $5,000 increased 39%, from 3,100 to 4,400. Revenues generated by the existing clients grew 24% QoQ in Q1 2018. Tenable’s paid products were used by 53% of Fortune 500 and 29% of Global 2000 companies. Tenable claims that the majority of IT security professionals used Nessus, its flagship product, at some point.

RISKS

Cybersecurity R&D expenses will only increase going forward, which may have a negative effect on company’s performance and slow down current revenue growth rates.

High competition. Cybersecurity is a very saturated market, while technology and consumer demand change swiftly. Tenable’s product offerings are new for the market and have not yet gained widespread use.

Partner network. Currently, the bulk of Tenable’s revenues comes from partner sales, and the company plans to stick to this strategy. Partnership agreements, however, are not exclusive, and partners of Tenable may promote services of other companies too.

IT SECURITY IPOs

United Traders already has experience investing in IPOs of IT security companies. These investments performed as follows as at July 2018:

Zscaler +140%

Carbon Black +23%

ForeScout Tech. +59%

Cybersecurity Ventures published a list of the most promising and innovative IT security companies in 2018. Tenable ranked 38th in this list, with Zscaler ranked 108th, Carbon Black 23rd, and ForeScout 85th.

How IPO Investments Work

1.
Collection
of funds

2-3 weeks before the start of the company publishes information about the opening of trading: financial statements for 3 years, a description of the company's business, plans for the future, as well as the risks that management sees in their own business. We analyze such offers and publish the best ones. Investors apply for deposits. Before the deadline for applications, you can change the request or cancel it.

Publication
11 Jule
Threshold amount
5 000 $
2.
Buy shares

We submit one large application for the purchase of shares by pre-subscription with reduced price to large investors. The application may be rejected in part or in full. Over the past three years, our applications have been rejected only three times. The next day, or every other day, we'll know at what price and at what percentage the order is executed, and we'll post it on «The my investment page».

Submit applications before
24 Jule
3.
Start Bidding

The price of shares is rising from the first day due to the demand of investors deprived of the opportunity to buy shares before trading. Most of the stocks we've been recommending buying over the past three years have been starting to trade on the stock exchange at tens of percent higher than the price at which customers bought the shares. There comes a Lock up period when it is forbidden to sell shares purchased by subscription. Typically lasts 3 monthsOn early closing of investments.

Start Bidding
̴ Jule
Annual return forecast
+ 160%
4.
Receiving
profit

After the expiration of the Lock Up period, the investment is automatically closed and the investor receives a profit on account of the deduction commissions UT. You can always view the results of your past investments in investment archive.

End
̴ October

Early profit fixation

Although no shares are allowed to be sold during the lock-up period, our traders seek to offer investors fixed profit by way of using various financial instruments, including forwards, options, short positions etc.

From the investor’s point of view this means that he or she may close an investment by paying a certain part of its value (as a rule, approximately 15 percent). This is due to high prices for the instruments which are employed to ensure availability of fixed profit. As such, you shall press any relevant button in the Investor Account as soon as it is active.

The closing procedure is similar to commencement of investment business. You shall file a bid which is executed within a business day by UT. So, your investment is closed at the price currently prevailing on the stock exchange. However, we rarely recommend using this feature, since upon expiry of an applicable lock-up period the average performance is higher.

Fee

FOR ENTRY

3 per cent of the share price. This fee is charged as soon as your investment bid is confirmed.

FOR EXIT

1.75 per cent of the purchase price paid for your shares as soon as trading is closed. This fee is charged upon closure of any relevant investment.

SUCCESS

20 per cent of the profit your derive. This fee is charged only if you show positive performance as of the moment any relevant investment is closed.

TO EARLY EXIT

Usually, 15 per cent (depends on the stock exchange environment). It is calculated per each investment individually.

Advantages Enjoyed by Those Investing with United Traders

Reliability

Our risk managers ensure proper support throughout the entire transaction. Moreover, you may call them on +7 495 646-15-57 or 8 800 333-66-81 or visit our office, if a more detailed discussion is needed.

In the profit from the first day

Such an approach allows it to limit extra risks related to bankruptcy of start-ups and considerably increase profit vs investors purchasing shares on open Market.

Low entry threshold

Millions of dollars are required to buy shares on a subscription basis. We have generated a pool of traders and investors which enables any newbie to participate in any transaction as aforesaid by investing just USD5,000 or more.

Invest in Tenable Holdings

This investment idea is no longer available. New applications are not accepted

View more ideas