Understanding Tenable Holdings, Inc.'s Financial Performance in the Cybersecurity Sector

Tenable Holdings, Inc. (NASDAQ:TENB) has a negative Return on Invested Capital (ROIC) of -0.97%, indicating it is not generating sufficient returns to cover its Weighted Average Cost of Capital (WACC) of 7.12%.Comparatively, Qualys leads with a positive ROIC of 28% against a WACC of 6.32%, showcasing superior capital efficiency among its peers.Elastic N.V. and Smartsheet, similar to Tenable, display negative ROICs, suggesting challenges in generating returns above their cost of capital.Tenable Holdings, Inc ...