Tenable (TENB) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.35%. A quarter ago, it was expected that this cybersecurity software company would post earnings of $0.23 per share when it actually produced earnings of $0.31, delivering a surprise of 34.78%.Over the last four quarter ...

Tenable Announces Third Quarter 2024 Financial Results • Revenue of $227.1 million, up 13% year-over-year. • Calculated current billings of $248.4 million, up 11% year-over-year. • GAAP operating margin of (1)%; Non-GAAP operating margin of 20%. • Net cash provided by operating activities of $54.6 million; Unlevered free cash flow of $60.8 million. • $200 million expansion of our stock repurchase program. COLUMBIA, Maryland, October 30, 2024 — Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the exposure ...

Revenue of $227.1 million, up 13% year-over-year. Calculated current billings of $248.4 million, up 11% year-over-year. GAAP operating margin of (1)%; Non-GAAP operating margin of 20%. Net cash provided by operating activities of $54.6 million; Unlevered free cash flow of $60.8 million. $200 million expansion of our stock repurchase program. COLUMBIA, Md., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the exposure management company, today announced financial results f ...

PUGUN SJ Thesis My analysis argues that Tenable Holdings, Inc. (NASDAQ:TENB) is gearing up for a growth trajectory in the eyberseurity space through cloud security and AI focus, and they just had a solid Q2 2024-EPS came in at $0.31, beating estimates by $0.07. Period: | Quarterly ▼ Type: Non-GAAP v ● EPS Estimate ● EPS Actual 0.40 0.30 FQ2 2024 EPS Estimate: 0.24 EPS Actual: 0.31 0.20 0.10 aco FQ2 2023 FQ3 2023 FQ4 2023 FQ1 2024 FQ2 2024 FQ3 2024 (E) FQ4 2024 (E) Seeking Alpha Revenue hit $221.24 million, ...

COLUMBIA, Md., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced its chairman and chief executive officer, Amit Yoran, and chief financial officer, Steve Vintz, are scheduled to attend the Piper Sandler Growth Frontiers Conference on September 10, 2024 in Nashville, Tennessee. The webcast will be available here. For more information, visit https://investors.tenable.com/. About Tenable Tenable® is the exposure management company, exposing and closing the cybersecuri ...

COLUMBIA, Md., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced that it has named Shai Morag to the role of chief product officer. Morag will focus on delivering increased momentum and scale across Tenable's entire portfolio, driving the company's next era of growth by building security products for a cloud-first world. Morag joined Tenable in 2023 through the acquisition of Ermetic, an innovative cloud-native application protection platform (CNAPP) company, where ...

Company Overview - Tenable specializes in vulnerability management, focusing on identifying weak points in devices, networks, and operating systems to prevent exploitation by malicious actors [4] - The company owns Nessus, the most accurate and widely deployed vulnerability management tool, which serves as a gateway to a broader portfolio of products including cloud security and identity security [5] Product Innovation - Tenable has introduced ExposureAI, an AI-driven tool that analyzes security data to enhance decision-making regarding security posture, leveraging the world's largest repository of exposure data with 1 trillion unique threats and vulnerabilities [6] - The entire suite of Tenable's cybersecurity products is now available on a single platform called Tenable One, aiming to meet all vulnerability management needs under one roof, potentially increasing revenue per customer and lifetime value [7] Financial Performance - In Q2 2024, Tenable generated $221.2 million in revenue, a 13% increase year-over-year, exceeding management's forecast of $218 million [9] - The number of corporate customers spending over $100,000 annually on Tenable's software rose by 19% year-over-year, indicating the growing importance of vulnerability management tools for larger organizations [10] - Despite a net loss of $14.5 million in Q2, this was an improvement from the previous year's loss of $15.9 million, with operating costs increasing by only 11.7% [12] Market Position - Tenable has a market capitalization of $4.9 billion, positioning it within the Russell 2000 small-cap index, significantly smaller than competitors like CrowdStrike and Palo Alto Networks, valued at $55 billion and $99 billion respectively [14] - The company's price-to-sales (P/S) ratio is 5.7, representing a more than 50% discount compared to CrowdStrike's 16.47 and Palo Alto's 13.54, despite similar growth rates [15] Growth Potential - Tenable's addressable market in the exposure management segment is valued at $33 billion, indicating substantial growth opportunities as the company has only begun to tap into this market [16]

Financial Performance - For the quarter ended June 2024, Tenable reported revenue of $221.24 million, reflecting a 13.4% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $0.31, up from $0.22 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $218.41 million by 1.30% [1] - The EPS surprise was +34.78% compared to the consensus estimate of $0.23 [1] Key Metrics - Calculated Current Billings were reported at $221.15 million, below the average estimate of $225.83 million from six analysts [3] - Subscription revenue reached $202.54 million, surpassing the average estimate of $199.96 million, marking a 14.6% increase year-over-year [4] - Revenue from Professional services and other was $6.69 million, exceeding the average estimate of $6.31 million, with a year-over-year change of +9.4% [5] - Revenue from Perpetual license and maintenance was $12.02 million, slightly below the average estimate of $12.11 million, representing a -1.1% change year-over-year [6] Stock Performance - Shares of Tenable have returned +8.1% over the past month, contrasting with the Zacks S&P 500 composite's -0.4% change [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [6]

Tenable (TENB) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this cybersecurity software company would post earnings of $0.18 per share when it actually produced earnings of $0.25, delivering a surprise of 38.89%. Over the last four quarte ...

Core Insights - Tenable Holdings, Inc. reported a revenue of $221.2 million for Q2 2024, reflecting a 13% year-over-year increase [2][3] - The calculated current billings were $221.1 million, marking a 10% increase year-over-year [2][3] - The company experienced a GAAP operating loss of $8.8 million, an improvement from a loss of $10.7 million in Q2 2023 [2][3] - Non-GAAP income from operations was $42.8 million, up from $30.2 million in the same quarter last year [2][3] - Tenable's net cash provided by operating activities was $31.4 million, compared to $30.2 million in Q2 2023 [2][3] Financial Highlights - Revenue for the quarter was $221.2 million, a 13% increase from $195.0 million in Q2 2023 [2][3] - GAAP net loss was $14.6 million, an improvement from a loss of $16.0 million in Q2 2023 [2][3] - Non-GAAP net income was $38.2 million, compared to $26.3 million in Q2 2023 [2][3] - Cash and cash equivalents and short-term investments totaled $487.0 million as of June 30, 2024, up from $474.0 million at the end of 2023 [2][3] Business Developments - The company added 408 new enterprise platform customers and 76 net new six-figure customers [3] - Tenable acquired Eureka Security to enhance its data security posture management capabilities [3] - A strategic alliance was formed with Deloitte to improve proactive security measures for customers [3] - Tenable Cloud Security and Tenable Vulnerability Management were expanded to Amazon Web Services in Abu Dhabi [3] Financial Outlook - For Q3 2024, Tenable expects revenue in the range of $222.0 million to $224.0 million [4] - Non-GAAP income from operations is projected to be between $42.0 million and $44.0 million [4] - For the full year 2024, calculated current billings are expected to be between $957.0 million and $967.0 million [5][6]