Tenable (TENB Quick QuoteTENB - Free Report) shares soared 10% in the last trading session to close at $44.27. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.2% gain over the past four weeks.

The upswing in share price can be attributed to Tenable's expanding cybersecurity portfolio.

This cybersecurity software company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +40%. Revenues are expected to be $181.62 million, up 21.9% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Tenable, the consensus EPS estimate for the quarter has been revised 2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on TENB going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Tenable belongs to the Zacks Internet - Software industry. Another stock from the same industry, Sumo Logic, Inc. , closed the last trading session 1.9% higher at $12.06. Over the past month, SUMO has returned 49.8%.

For Sumo Logic, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.15. This represents a change of -15.4% from what the company reported a year ago. Sumo Logic, Inc. currently has a Zacks Rank of #2 (Buy).