SAN FRANCISCO, March 24, 2026 (GLOBE NEWSWIRE) -- RSA Conference Booth at #6155 — Tenable® Holdings, Inc. (NASDAQ: TENB), the exposure management company, today announced Tenable Hexa AI, the agentic AI engine of the Tenable One Exposure Management Platform that automates security workflows and transforms exposure intelligence into coordinated action to reduce cyber risk. AI-powered cyberattacks, rapid vulnerability discovery and the explosion of AI-driven tools are expanding the attack surface faster than ...

COLUMBIA, Md., March 16, 2026 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc. (NASDAQ: TENB), the exposure management company, today announced that it will host an Investor Day on Thursday, May 21, 2026, in Boston. Tenable executives will discuss the company’s exposure management leadership position, AI strategy, platform innovation roadmap, market opportunity and long-term financial targets. Investor Day will follow Tenable EXPOSURE 2026, the first global conference fully dedicated to exposure management for t ...

Core Insights - Tenable Holdings, Inc. has appointed Dino DiMarino as Chief Revenue Officer to drive the company's growth in the AI exposure management market [1][2] - DiMarino's leadership is expected to enhance Tenable's global sales and partner ecosystems, addressing the increasing enterprise demand for exposure management and AI security [1][2] - The company aims to expand its global footprint and accelerate pipeline growth under DiMarino's guidance, focusing on helping customers reduce cyber risk in an evolving AI landscape [2] Company Overview - Tenable is recognized as the exposure management company, dedicated to identifying and closing cybersecurity gaps that can undermine business value and trust [4] - The company's AI-powered platform integrates security visibility and action across various attack surfaces, protecting over 40,000 customers worldwide [4]

Core Insights - Tenable Holdings, Inc. has been recognized as a Challenger in the 2026 Gartner Magic Quadrant for CPS Protection Platforms, highlighting its position in the cybersecurity market for critical infrastructure [1][4]. Group 1: Company Overview - Tenable is an exposure management company that focuses on identifying and closing cybersecurity gaps that can impact business value, reputation, and trust [8]. - The company offers an AI-powered exposure management platform that provides unified security visibility, insight, and action across various attack surfaces, including IT, cloud, and critical infrastructure [8]. Group 2: Product and Technology - The Tenable One Exposure Management Platform delivers a proactive and unified view of risk across IT, cloud, identity, and cyber-physical systems, helping organizations to secure their core operations [3]. - Tenable One OT Security connects data across domains to provide a comprehensive view of risk, essential for protecting critical infrastructure such as building management systems, manufacturing plants, energy grids, and water systems [3]. Group 3: Market Position and Recognition - Gartner emphasizes the importance of cyber-physical systems protection platforms in discovering assets and their connections in mission-critical environments, indicating a growing demand for such tools [2]. - Tenable has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Exposure Assessment Platforms and is noted as the current Company to Beat for AI-Powered Exposure Assessment in the Gartner report for AI Vendor Race [4].

Core Insights - Tenable Holdings, Inc. is recognized as a promising AI stock for investment in 2026, with Wells Fargo initiating coverage with an Equal Weight rating and a price target of $13 [1] - The company holds a significant 27% market share in vulnerability management, bolstered by its Nessus product, which has established its competitive position [1] - Wells Fargo highlights the vulnerability management market as relatively small and penetrated, with a focus on greater value creation at the runtime layer [2] Company Position and Market Dynamics - Tenable is positioned as an AI-powered cybersecurity firm specializing in exposure management, with around 44,000 organizations globally relying on its platform to manage cyber risk [4] - In a CIO survey conducted by Wells Fargo, vulnerability management and endpoint management were ranked as the seventh strategic spending priority, with Tenable being recognized as the 12th most strategic security vendor [2] - Competitive pressures are noted, particularly from larger consolidators with more strategic core businesses, which may impact Tenable's market position [2][3] Product and Future Outlook - Tenable One is identified as a promising product despite the competitive landscape, indicating potential for future growth [3] - The overall sentiment from Wells Fargo suggests that while Tenable has investment potential, other AI stocks may present greater upside with less downside risk [5]

Core Insights - The company has successfully pivoted towards Tenable One and exposure management, recognizing it as a larger opportunity compared to traditional vulnerability management [1] - The company has historically excelled in discovering and assessing network-based devices, and has expanded its core use case into other domains, including operational technology (OT) capabilities [1] - The company has broadened its focus to include cloud security, addressing misconfigurations, identity security, and web application scanning, as well as assessing the AI attack surface, which is a significant threat vector in security [2]

Summary of Tenable's Conference Call Company Overview - **Company**: Tenable - **Industry**: Cybersecurity - **Key Executives**: Steve Vintz (Co-CEO), Matt Brown (CFO) Core Points and Arguments Transition to Exposure Management - Tenable has pivoted towards **Tenable One** and exposure management, recognizing it as a larger opportunity compared to traditional vulnerability management (VM) [2][3] - The company has expanded its core use case from network-based devices to include operational technology (OT), cloud misconfigurations, identity security, and web application scanning [2][3] Importance of Open Platforms - A successful exposure management platform must integrate data from various security companies, with Tenable having over **300 connectors** [3][6] - The goal is to correlate risks and prioritize remediation efforts for customers, enhancing their ability to manage security risks effectively [5][6] Growth in Average Selling Prices (ASPs) - Transitioning to the Tenable One platform has resulted in ASPs being **30%-80% higher** compared to standalone VM offerings [8] - The platform now accounts for approximately **40% of new sales**, indicating increased strategic relevance to customers [8][11] Shift Towards Proactive Security - The industry is moving from reactive security (detect and respond) to proactive security (risk reduction), which is expected to drive increased spending in exposure management [9][10] - Tenable aims to help customers reduce risk through orchestrated remediation and bulk configuration changes in multi-cloud environments [5][6] AI and Cybersecurity - Tenable sees AI as an opportunity to enhance its offerings, particularly in discovering **Shadow AI applications** and monitoring sensitive information input into AI models [16][17] - The company is positioned to help customers understand and mitigate risks associated with AI, which is becoming a board-level concern [18][52] Customer Engagement and Retention - Tenable has seen an increase in large multi-year strategic transactions, leading to lower churn rates among platform customers [11][12] - The company is focused on customer-friendly pricing and packaging to encourage platform adoption without forcing upgrades [35][36] Integration and Market Position - Tenable's integration capabilities are crucial in a fragmented cybersecurity market, allowing for better visibility and risk reduction [36][38] - The company has experienced a **35%-40% increase** in long-term remaining performance obligations (RPO), indicating customers are making larger upfront commitments [39] Federal Market Insights - The federal sector is expected to grow in line with overall company growth, with potential for gaining market share [44][46] Financial Performance and Guidance - Tenable reported a **10.5% year-over-year growth** and guided for **7% growth** in fiscal 2027 [47][48] - The company is investing heavily in R&D while expanding operating margins, with a projected **150 basis points** increase in operating margin by 2026 [77][78] Capital Allocation Strategy - Tenable has increased its share repurchase authorization to **$340 million**, indicating a belief that shares are undervalued [87][89] - The company will balance buybacks with organic investments and opportunistic M&A [92] Additional Important Insights - The sales cycle for Tenable One has shortened, with a notable **seven-figure deal** related to AI exposure management [52][53] - The company is focused on creating opportunities and increasing customer engagement through its platform-first approach [40][63] This summary encapsulates the key points discussed during the conference call, highlighting Tenable's strategic direction, market positioning, and financial outlook.

Core Insights - The EXPOSURE 2026 conference will focus on exposure management in the AI era, addressing the rapid expansion of attack surfaces due to AI and interconnected systems [1][2] - The event aims to unify security leaders to enhance visibility, prioritize risks, and implement both human and AI-driven actions to mitigate cyber risks [2][3] Conference Details - EXPOSURE 2026 will take place from May 19-21, 2026, in Boston, featuring immersive training, keynotes, technical breakouts, and hands-on labs [1][4] - The conference will include sessions tailored for different security personas, such as senior leaders, practitioners, and AI security specialists [7] Industry Context - The AI era has led to an increase in new exposures, necessitating a unified approach to security that combines context, analytics, and automation [3][4] - Tenable's platform aims to close cybersecurity gaps and reduce business risks for over 40,000 customers globally, emphasizing the importance of exposure management [6]

Market Overview - The Cloud Native Security Service Market was valued at USD 44.62 billion in 2025 and is projected to reach USD 129.23 billion by 2035, with a CAGR of 11.22% during the forecast period [1] - The U.S. market is estimated at USD 16.84 billion in 2025, expected to grow to USD 49.21 billion by 2035, with a CAGR of 11.36% from 2026 to 2035 [3] Market Drivers - Key factors driving market growth include government laws for data protection compliance, increasing frequency of cyberattacks on cloud-native environments, and organizational needs for automated incident response and real-time threat visibility [1] - In the U.S., the implementation of zero-trust requirements under federal cybersecurity directives and regulatory frameworks supporting cloud data governance are significant drivers [3] Segmentation Analysis By Component - The solutions segment accounted for approximately 62.45% of revenue in 2025, driven by integrated CNAPP platforms [4] - The services segment is expected to grow at the highest CAGR of nearly 12.18% from 2026 to 2035, fueled by demand for managed detection and response (MDR) [4] By Deployment - The public cloud segment contributed 54.37% of revenue in 2025, attributed to scalability and reduced infrastructure costs [5] - The hybrid cloud segment is projected to grow at a CAGR of about 12.54% between 2026 and 2035, driven by the need for balancing cloud agility with on-premises data residency [5] By Enterprise Size - Large enterprises held about 67.82% of the market share due to extensive multi-cloud deployments and regulatory compliance [7] - The SME segment is expected to grow at the fastest rate with a CAGR of around 12.91% from 2026 to 2035, as small and medium-sized businesses accelerate cloud migration [7] By End Use - The BFSI sector accounted for nearly 23.14% of the market in 2025, with strong growth driven by financial data protection mandates and increasing cyber threats [8] Regional Insights - North America held the largest revenue share of over 38.62% in 2025, supported by a robust cloud security technology ecosystem and strict federal regulations [9] - Asia Pacific is the fastest-growing segment with a CAGR of 13.47%, driven by increasing awareness of cloud security risks and government cybersecurity frameworks [10] Threat Landscape - The market is influenced by rising ransomware campaigns, supply chain compromises, and insider threats targeting cloud environments, which are driving investments in cloud security [11] Key Players - Major companies in the market include Palo Alto Networks, CrowdStrike Holdings, Zscaler, Microsoft, Amazon Web Services, Google, and others [14] Recent Developments - In January 2025, Palo Alto Networks enhanced its Prisma Cloud CNAPP platform with AI-powered features for cloud misconfiguration remediation [15] - In March 2025, CrowdStrike launched improved Falcon Cloud Security Posture Management capabilities, focusing on risk prioritization and compliance reporting [16]

Business Performance and Financials - The company reported a backlog of $159.9 million as of December 31, 2025, up from $33.2 million in 2024, indicating strong demand for its solutions [42]. - Revenue grew from $900.0 million in 2024 to $999.4 million in 2025, representing an 11% year-over-year growth primarily driven by an increase in subscription revenue [85]. - The company reported net losses of $36.1 million, $36.3 million, and $78.3 million for the years 2025, 2024, and 2023 respectively, resulting in an accumulated deficit of $897.5 million as of December 31, 2025 [72]. - The company has seen an increase in larger, multi-year deals, but a shift to annual installment billing is reducing overall billing duration [120]. - The company has experienced significant fluctuations in revenue and operating results, making future predictions challenging [115]. - Customer renewals and expansions of IT assets under subscriptions are critical for the company's financial health, with a majority of subscription contracts being one year in duration [120]. Market Position and Strategy - Tenable's exposure management solutions are critical for assessing and prioritizing risks across IT infrastructure, cloud environments, and AI, addressing the complexities of the modern attack surface [16]. - The company aims to expand its market leadership by capturing opportunities with Tenable One and increasing operating and free cash flow margins [28]. - Tenable has over 40,000 customers, including approximately 65% of the Fortune 500 and 50% of the Global 2000, with no single customer representing more than 2% of revenue in recent years [33]. - The company is focused on acquiring new enterprise platform customers and expanding relationships within its existing customer base to enhance adoption of its solutions [29]. - The competitive landscape for cybersecurity solutions remains intense, with established and emerging vendors, necessitating continuous innovation and adaptation by Tenable [43]. Research and Development - Tenable's research and development efforts are directed towards enhancing platform offerings and exploring acquisition opportunities to improve functionality [38]. - The company has incorporated generative AI technologies into its products, which may present operational and reputational risks if not widely accepted [73]. - New product offerings must achieve market acceptance to justify the substantial upfront investment in research and development [152]. - Research and development investments are crucial for maintaining competitiveness, with a significant presence in Tel Aviv, Israel, potentially impacted by regional hostilities [76][83]. Compliance and Regulatory Risks - The company is subject to various data privacy and security obligations, including compliance with the CCPA and EU GDPR, which may impact its operations [51]. - The company faces potential fines of up to €20 million or 4% of annual global revenue under the EU GDPR for violations related to data privacy [133]. - The company is subject to increased scrutiny from regulators regarding its data privacy statements, which could lead to investigations or enforcement actions if found deficient [137]. - The company must navigate complex compliance requirements when engaging in sales activities to foreign governments, which introduces additional risks [144]. - The EU AI Act may impose compliance obligations on the company, with potential fines of up to €35 million or 7% of total worldwide annual turnover for non-compliance, affecting its operations [110]. Operational Challenges - Increased geopolitical tensions and market disruptions could materially affect the company's operations and financial condition, particularly in international markets [75][77]. - The company relies on third-party service providers for critical business systems, which may expose it to cybersecurity risks and vulnerabilities [96][97]. - The company faces intense competition in the fragmented cybersecurity market, with competitors including established vendors like Microsoft and emerging companies, which may pressure pricing and market share [78][81][82]. - The complexity of international expansion may lead to increased management and operational costs, affecting overall business performance [157]. Employee and Workplace Dynamics - The company had 1,995 employees as of December 31, 2025, with 949 located outside the United States, and no U.S. employees represented by a labor union [53]. - The company has a structured hybrid workplace strategy to support employee flexibility and collaboration, which is part of its commitment to employee development [56]. - Employee turnover and competition for skilled personnel are rising, potentially increasing recruiting and retention costs [124]. Intellectual Property and Legal Matters - The company holds 53 issued patents and has 22 pending patent applications in the United States [196]. - The company may face significant costs and distractions from litigation to protect its intellectual property rights, which could adversely affect its business [199]. - The company has previously been subject to allegations of patent infringement and anticipates facing similar claims in the future, especially as it gains market visibility [200]. - The company relies on trade secret laws and confidentiality agreements to protect its proprietary technologies, but unauthorized use may still occur [197]. Financial Management and Capital Structure - The company expects existing cash and cash equivalents to meet anticipated cash needs for at least the next 12 months, but may require additional capital for business growth and product development [169]. - Non-compliance with covenants could lead to defaults, allowing lenders to demand immediate repayment of loans [173]. - The company's Credit Agreement includes covenants that may limit its operational flexibility and ability to capitalize on strategic opportunities [172]. - The company may incur significant costs related to notifying stakeholders of security incidents and implementing necessary security measures [101]. Stockholder and Governance Issues - The Board of Directors authorized a share repurchase program of up to $100 million on November 27, 2023, with total authorized repurchase amount increasing to $700 million over subsequent months [213]. - Anti-takeover provisions in the company's charter could delay or prevent a change in control, impacting stockholder actions and the market price of common stock [214]. - A classified Board of Directors with staggered three-year terms could delay stockholder efforts to change board membership [214]. - Stockholder action by written consent is prohibited, requiring actions to be taken at meetings, which may hinder timely decision-making [214].