Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
Greta Thunberg, a 16-year-old Swedish environmental activist, delivered a powerful message at the United Nations Climate Action Summit on Monday.Environmentread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
After an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially...Marketsread more
Cyber risk management company Tenable closed out its first day of trading up 31.5 percent, after jumping 40 percent in its public market debut Thursday.
Shares opened at $33.00, nudging the company's market value above $3 billion, and closed at $30.25 per share.
The company raised $250 million in the public offering, pricing its 10.9 million shares at $23 a piece, above the expected range of $20 to $22 per share. The stock trades on the Nasdaq under the ticker symbol "TENB."
It's an impressive fundraising for cybersecurity IPOs and particularly sizable for Tenable's niche, which is subscription-based cyber risk management tools. The company offers tools for companies to quantify in dollars the damage that could be caused by various types of security breaches, and caters to executives and board members worried about the risk from breaches and the cybersecurity professionals who work for them.
"The strength here is it's growing really fast, there's lots of recurring revenue and the valuation looks reasonable," said Kathleen Smith, a principal at Renaissance Capital, which manages IPO exchange-traded funds.
Tenable has proven it can keep subscriptions going at its approximately 24,000 client firms and that it can "expand inside of accounts," meaning customers are getting bigger subscriptions after signing on, a positive sign for investors, she said.
There are some issues to watch out for as well, Smith said: "They are investing a lot in sales and marketing, and gross margins have declined due to a shift in the subscription model." There are also a lot of competitors in the market, said Smith.
Tenable likely won't be the only cybersecurity firm going public this year — Crowdstrike, which helps companies fix breaches and minimize the damage, and Tanium, which helps companies monitor security vulnerabilities on "endpoints" like personal computers in a company, are also reportedly considering IPOs.
—CNBC's Sara Salinas contributed to this report.