Tenable Holdings Inc TENB Shares moved lower in extended trading on Monday after the company released first-quarter results and revenue guidance below analyst estimates.

• Sales Q1: $188.84 million beat estimates of $187.09 million
• Earnings per share Q1: 11 cents beat estimates of 3 cents

Revenue was up 18% year over year and billings were up 13%.

“Despite the macroeconomic uncertainty, we continue to gain traction with Tenable One, our exposure management platform, as organizations increasingly consolidate spending and seek cybersecurity solutions that increase return on investment,” he said Amit YoranChairman and CEO of Tenable.

Outlook: Tenable sees Second quarter revenue in a range of $189 million to $191 million versus estimates of $193.75 million. The company expects earnings of 12 to 13 cents per share for the second quarter versus estimates of 10 cents per share.

Tenable is forecasting full year revenue of $775 million to $785 million versus estimates of $805.35 million. The company expects full-year earnings to be in a range of 57 cents to 61 cents per share versus estimates of 53 cents per share.

Tenable helps approximately 43,000 organizations around the world understand and reduce cyber risk.

See also: Why First Republic Bank Stock Fall After Hours

TENB Price Action: durable stocks were down 13.6% after hours at press time to $39.25 Gasoline Pro.

Photo: cris from Pixabay.