COLUMBIA, Md., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced the release of Tenable Patch Management, an autonomous patch solution built to quickly and effectively close vulnerability exposures in a unified solution. A strategic partnership and integration with Adaptiva, a global leader in autonomous endpoint management, provides the foundation of the solution. Vulnerability remediation remains a critical challenge as identifying, testing and installing the cou ...

Revenue Performance - Revenue for the three months ended September 30, 2024, was $227,088 thousand, representing a 12.7% increase from $201,529 thousand in the same period of 2023[87] - Total revenue for the nine months ended September 30, 2024, was $664,290 thousand, a 13% increase from $585,404 thousand in the same period of 2023[143] - Subscription revenue increased by $25,286 thousand, or 14%, to $208,554 thousand compared to $183,268 thousand in the prior year[134] - International revenue for the three months ended September 30, 2024, increased by $14,400 thousand, or 16%[134] Profitability and Loss - Net loss for the three months ended September 30, 2024, was $9,211 thousand, an improvement from a net loss of $15,565 thousand in the same period of 2023[87] - Loss from operations for the three months ended September 30, 2024, was $(2,083) thousand, significantly improved from $(7,913) thousand in the same period of 2023[87] - Non-GAAP net income for the three months ended September 30, 2024, was $39,323,000, compared to $27,668,000 for the same period in 2023[110] - Non-GAAP earnings per share for the three months ended September 30, 2024, was $0.32, up from $0.23 in the same period of 2023[110] Cash Flow and Operating Activities - Net cash provided by operating activities for the three months ended September 30, 2024, was $54,607 thousand, compared to $42,411 thousand in the same period of 2023[96] - Free cash flow for the three months ended September 30, 2024, was $52,711 thousand, an increase from $40,316 thousand in the same period of 2023[96] - As of September 30, 2024, the company had $312.2 million in cash and cash equivalents and $236.2 million in short-term investments[153] Expenses - Operating expenses totaled $178,672 thousand for the three months ended September 30, 2024, up from $163,688 thousand in 2023, representing a 9% increase[132] - Research and development expenses rose by $10,968 thousand, or 30%, to $48,020 thousand compared to $37,052 thousand in the prior year[137] - Sales and marketing expenses increased by $10.3 million to $300.0 million, a 4% rise, primarily due to higher demand generation costs and sales commissions[146] - General and administrative expenses increased by $7.3 million to $92.9 million, an 8% rise, mainly due to higher personnel costs and professional fees[148] Deferred Revenue and Customer Metrics - Deferred revenue at the end of the period for September 30, 2024, was $583,940 thousand, compared to $518,372 thousand at the end of September 30, 2023[93] - The number of customers with an annual contract value of $100,000 or greater increased by 18%, reaching 1,853 customers as of September 30, 2024, compared to 1,565 in 2023[99] Market and Economic Factors - The company is exposed to foreign currency exchange risks, particularly with the Euro, British Pound, Australian dollar, Israeli New Shekel, Indian Rupee, and Brazilian Real[172] - The strengthening of the U.S. dollar could lead to lower international sales as products may appear more expensive[172] - Inflation has not materially affected the company's operations through September 30, 2024, but rising costs related to employees and cloud infrastructure may pose future risks[173] Strategic Initiatives - The company acquired Eureka Security, Inc. for approximately $29 million in cash in June 2024, indicating ongoing market expansion efforts[157] - A stock repurchase plan authorized up to $100 million, with $64.9 million spent to buy back 1.5 million shares through September 30, 2024[159]

Tenable (TENB) reported $227.09 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.7%. EPS of $0.32 for the same period compares to $0.23 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $223.36 million, representing a surprise of +1.67%. The company delivered an EPS surprise of +10.35%, with the consensus EPS estimate being $0.29. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

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 ...

Core Insights - Tenable has appointed Shai Morag as the chief product officer to enhance its product portfolio and drive growth in a cloud-first environment [1][3] - Morag previously led the expansion of Tenable Cloud Security after joining the company through the acquisition of Ermetic, a cloud-native application protection platform [2][3] - The company aims to improve cloud security and leverage AI to enhance efficiency and innovation in its exposure management platform [4] Company Overview - Tenable is recognized as an exposure management company that addresses cybersecurity gaps affecting business value and trust [4] - The company serves over 44,000 customers globally, providing a unified security visibility and action platform across various environments [4]

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]