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First Republic’s rescue, Charlie Munger’s warning, and Brad Gerstner’s harsh words 5/1/23

The Exchange

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Tenable's Shares Are Down 20 Percent in Q2

Cyber security stocks had been on a tear in the first quarter with the bug etf climbing about 13 percent but it's a very different story now. Tenable cited the banking crisis as one of the reasons for the dampened outlook saying because of the uncertainty big money deals have been pushed out particularly in the financial services and tech sectors which are traditionally their pockets of strength. We'll talk to the CEO of tenable about what it'll take to turn things around right after this welcome back to the exchange cyber security firm tenable reporting better than expected earnings last week but shares are down 20 percent after the issued week revenue guidance for both the current quarter and the full year.

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