What happened Shares of Tenable (NASDAQ: TENB) climbed 20% in May, according to data from S&P Global Market Intelligence. The double-digit gains for the stock last month came on the heels of 19.2% increase for the company's share price in April. ^SPX data by YCharts Tenable stock was pushed to a lifetime low amid the coronavirus-related sell-offs that disrupted the market in March, but the stock rebounded thanks first-quarter results that topped the market's expectations and momentum for the broader. Market recovery was the biggest factor in the cybersecurity stock's gains last month, but shares may have also gotten a bit of a lift from management's participation in a conference for analysts and investors. Image source: Getty Images. So what Tenable CEO Amit Yoran and CFO Steve Vintz participated in the 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 14. The executives went back over some of the first-quarter results that the company published in April, outlined long-term growth opportunities stemming from business increasingly moving to the digital sphere, and indicated that it was seeing encouraging momentum for new deals in the current quarter. Now what Tenable stock has dipped early in June despite a pronounced rally for the broader market. The cybersecurity company's shares are down roughly 5% in the month so far. ^SPX data by YCharts The cybersecurity company withdrew its full-year guidance when it reported first-quarter results at the end of April, but it did issue targets for the current quarter. Management expects second-quarter sales to come in between $101 million and $103 million, representing year-over-year growth of 19.4% at the midpoint of the target. Tenable is targeting non-GAAP (adjusted) loss per share between $0.04 and $0.06 based on 99.8 million basic weighted shares outstanding. The company posted an adjusted loss of $0.10 per share in the prior-year quarter. Tenable is valued at roughly 6.9 times the average analyst target for this year's sales. 10 stocks we like better than Tenable Holdings, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Tenable Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source