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]

COLUMBIA, Md., July 18, 2024 (GLOBE NEWSWIRE) -- Tenable®, the Exposure Management company, today announced that it has launched a Public Sector Advisory Board (PSAB) for the U.S. market. Inaugural members include Rob Joyce, former Director of Cybersecurity at the National Security Agency (NSA) and Mark Weatherford, former first Deputy Under Secretary for Cybersecurity at the Department of Homeland Security (DHS). They will be joined by Tenable Chairman and CEO Amit Yoran, and James Hayes, Senior Vice Presi ...

COLUMBIA, Md., July 18, 2024 (GLOBE NEWSWIRE) -- Tenable®, the Exposure Management company, today announced that it has launched a Public Sector Advisory Board (PSAB) for the U.S. market. Inaugural members include Rob Joyce, former Director of Cybersecurity at the National Security Agency (NSA) and Mark Weatherford, former first Deputy Under Secretary for Cybersecurity at the Department of Homeland Security (DHS). They will be joined by Tenable Chairman and CEO Amit Yoran, and James Hayes, Senior Vice Presi ...

Investor Contact: Tenable investors@tenable.com A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. A live dial-in will be available domestically at 1-877-407-9716 or internationally at 1-201-493-6779. A webcast replay will be available after the call through Wednesday, August 14, 2024. Tenable® is the Exposure Management company. Approximately 44,000 organizations around the globe rely on Tenable to understand and reduce cyber risk. As t ...

In fact, 64% of the 4,702 CEOs surveyed by PwC earlier this year said generative AI will increase cybersecurity risks in their organization during the coming 12 months alone. Cybersecurity providers are likely to see a rush of spending from their customers in the coming years as the threat posed by AI continues to grow. 1. Tenable: A leader in vulnerability management Tenable develops proactive cybersecurity products to help businesses stay one step ahead of potential threats. Its Nessus platform is the mos ...

Which of these companies is worth a closer look? Is one a buy and the other worth ignoring? Stock price and recent movement can't tell you that, but looking at a stock's forward price-to-earnings ratio can help you determine if it is fairly valued. Arm's forward P/E sits at a staggering 119, one of the highest in its sector. Tenable's forward P/E is less than a third of that at 36. What do these two companies do? In addition to licensing IP cores for central processing units (CPUs), Arm has a smaller graphi ...

COLUMBIA, Md., June 06, 2024 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc., the Exposure Management company, today announced that it has signed a definitive agreement to acquire Eureka Security, Inc., a provider of data security posture management (DSPM) for cloud environments. Eureka Security helps security teams gain a holistic view into an organization's cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and continuously improve their security posture over time. ...

COLUMBIA, Md., June 06, 2024 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc., the Exposure Management company, today announced that it has signed a definitive agreement to acquire Eureka Security, Inc., a provider of data security posture management (DSPM) for cloud environments. Eureka Security helps security teams gain a holistic view into an organization's cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and continuously improve their security posture over time. ...