Core Insights - Tenable reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and up from $0.25 per share a year ago, representing an earnings surprise of 20.59% [1] - The company achieved revenues of $235.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.69% and increasing from $213.31 million year-over-year [2] - Tenable has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $235.68 million, and for the current fiscal year, it is $1.44 on revenues of $982.4 million [7] - The estimate revisions trend for Tenable is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which Tenable belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Tenable Holdings, Inc. reported strong financial results for Q4 and the full year 2024, exceeding expectations in key metrics such as revenue, operating income, and unlevered free cash flow [2][5][6]. Financial Highlights - Q4 2024 revenue reached $235.7 million, marking an 11% increase year-over-year, while full year revenue totaled $900.0 million, up 13% year-over-year [5][6]. - Calculated current billings for Q4 were $302.2 million, also an 11% increase year-over-year, with full year calculated current billings at $969.5 million, up 11% year-over-year [5][6]. - The company achieved a GAAP income from operations of $13.0 million in Q4 2024, a significant improvement from a loss of $14.3 million in Q4 2023 [6]. - Non-GAAP income from operations for Q4 was $59.4 million, compared to $36.1 million in the same quarter of the previous year [6]. - Full year net cash provided by operating activities was $217.5 million, with unlevered free cash flow of $237.8 million [5][6]. Business Developments - The company added 485 new enterprise platform customers and 135 net new six-figure customers during the year [11]. - Tenable announced its intent to acquire Vulcan Cyber Ltd., which is expected to enhance its exposure management platform [11]. - The launch of Tenable Patch Management and integration of Tenable Vulnerability Intelligence into Tenable Security Center were key product developments [11]. Financial Outlook - For Q1 2025, Tenable expects revenue in the range of $232.0 million to $234.0 million and non-GAAP income from operations between $42.0 million and $44.0 million [12]. - For the full year 2025, revenue is projected to be between $971.0 million and $981.0 million, with non-GAAP income from operations expected to be in the range of $213.0 million to $223.0 million [12].

Company Overview - Tenable (TENB) is expected to report quarterly earnings of $0.34 per share, reflecting a year-over-year increase of +36% [3] - Revenues are anticipated to reach $231.82 million, representing an 8.7% increase from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 2.08% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Tenable is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.94%, suggesting a strong likelihood of beating the consensus EPS estimate [10][11] Historical Performance - In the last reported quarter, Tenable exceeded the expected earnings of $0.29 per share by delivering $0.32, achieving a surprise of +10.34% [12] - Over the past four quarters, Tenable has consistently beaten consensus EPS estimates [13] Market Sentiment - The stock may experience upward movement if the upcoming earnings report exceeds expectations, with the report scheduled for release on February 5 [2] - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a favorable outlook for Tenable's stock performance [11] Industry Context - In comparison, Paypal (PYPL) is expected to report earnings of $1.13 per share, reflecting a year-over-year decline of -23.7%, with revenues projected at $8.22 billion, up 2.4% from the previous year [17] - Paypal's consensus EPS estimate has been revised 0.5% lower, but a higher Most Accurate Estimate has resulted in an Earnings ESP of 0.84%, indicating a likelihood of beating the consensus EPS estimate [18]

Core Viewpoint - Tenable Holdings, Inc. has signed a definitive agreement to acquire Vulcan Cyber Ltd. for approximately $147 million in cash and $3 million in restricted stock units, enhancing its Exposure Management platform and addressing the challenges of fragmented security approaches [1][2][3] Group 1: Acquisition Details - The acquisition is valued at around $147 million in cash and $3 million in restricted stock units, with the deal expected to close in the first quarter of 2025, pending customary closing conditions [2] - Vulcan Cyber's capabilities will enhance Tenable's Exposure Management platform, allowing for better consolidation of exposures, risk prioritization, and streamlined remediation efforts [1][3] Group 2: Strategic Importance - The acquisition aims to address the overwhelming challenges faced by Chief Information Security Officers (CISOs) due to scattered security products and siloed tools, thereby improving the management of cyber risks [3][4] - Tenable's vision is to unify security visibility and action across the attack surface, from data centers to cloud environments, to effectively close security gaps [3][4] Group 3: Enhanced Capabilities - The integration of Vulcan Cyber will provide Tenable One customers with a comprehensive view of their attack surface, enabling security teams to prioritize critical vulnerabilities and act decisively [4][5] - Key enhancements include expanded third-party ecosystem data integration, AI-powered risk prioritization, automated remediation workflows, and advanced AI capabilities for managing risk across the security stack [6]

Core Insights - Tenable (TENB) is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates by an average of 22.56% in the last two quarters [1][3] Earnings Performance - In the most recent quarter, Tenable reported earnings of $0.32 per share, exceeding the expected $0.29 per share by 10.34%. In the previous quarter, the company reported $0.31 per share against an estimate of $0.23 per share, resulting in a surprise of 34.78% [2] Earnings Estimates - There has been a favorable change in earnings estimates for Tenable, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat, especially given its solid Zacks Rank [3][6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise, suggesting that Tenable's combination of metrics could lead to a successful earnings report [4][6] Analyst Sentiment - Tenable currently has an Earnings ESP of +1.94%, indicating that analysts have recently become more optimistic about the company's earnings prospects. This, combined with a Zacks Rank of 2 (Buy), suggests a strong possibility of another earnings beat [6] Earnings Release Date - The next earnings report for Tenable is expected to be released on February 5, 2025 [6]

Exposure management pioneer continues to innovate and tackle emerging cloud, data and AI threatsCOLUMBIA, Md., Jan. 22, 2025 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced it has been named a CRN 2025 Cloud 100 Company for the second year in a row. This list from CRN®, a brand of The Channel Company, spotlights 100 leading channel-focused cloud companies across five key categories: cloud infrastructure, management, security, software and storage. Tenable is one of the top 20 ...

COLUMBIA, Md., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Tenable® (NASDAQ: TENB), the exposure management company, today announced it will release its financial results for its fourth quarter ended December 31, 2024 and for the full year of 2024, after the U.S. market close on Wednesday, February 5, 2025. Tenable will host a conference call that day at 4:30 p.m. ET to discuss the results. A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. A live ...

Company Overview - Amit Yoran, the CEO who led Tenable into the public market, passed away at the age of 54 [1] - Yoran took over as CEO of Tenable in 2016, bringing extensive experience from previous leadership roles at RSA Security and NetWitness [2] - Under Yoran's leadership, Tenable went public on the Nasdaq, marking a significant milestone for the company and the cybersecurity industry [3] - Tenable's focus on identifying vulnerabilities in business technology and its successful transition to a subscription model were highlighted as unique market differentiators [4] - By 2018, more than half of Fortune 500 companies were Tenable customers, showcasing its strong market penetration [4] Leadership Transition - Since Yoran's medical leave in December, Tenable CFO Steve Vintz and COO Mark Thurmond have been serving as co-CEOs [5] - The company's board of directors is actively searching for a permanent successor to Yoran [5] - Yoran expressed confidence in Vintz and Thurmond's ability to lead the company during his absence [6] - Art Coviello, Tenable's lead independent director, has assumed the role of board chair following Yoran's passing [7] Industry Impact - Yoran's career spanned decades, including significant roles in government and nonprofit sectors, such as serving as the National Cybersecurity Director for the U.S. Department of Homeland Security [3] - He was a board member of the Center for Internet Security since 2019, further solidifying his influence in the cybersecurity field [3] - Yoran's strategic vision and leadership were instrumental in shaping Tenable's culture and mission, leaving a lasting legacy in the industry [8] Company Culture and Vision - Yoran emphasized the importance of community and dedication within Tenable, expressing gratitude for the team's efforts [7] - His passion for cybersecurity and ability to inspire others were key factors in Tenable's growth and success [8]

Core Message - Tenable Holdings Inc announces the unexpected passing of its Chairman and CEO Amit Yoran who had been battling cancer [1] - Amit Yoran was a visionary leader and pioneer in the cybersecurity industry transforming Tenable into a global leader in exposure management [2] - The company expects to meet or exceed its Q4 and full year 2024 financial guidance based on preliminary results [5] Leadership and Management - Amit Yoran joined Tenable as CEO in 2016 leading the company through significant growth including its successful IPO in 2018 [3] - He took a medical leave of absence starting December 5 2024 with CFO Steve Vintz and COO Mark Thurmond appointed as Co-CEOs to ensure continued strategic execution and stability [4] - Art Coviello will serve as Chairman of the Board while the company conducts a CEO search including both internal and external candidates [4] Company Overview - Tenable is an exposure management company focused on closing cybersecurity gaps that erode business value reputation and trust [6] - The company's AI-powered exposure management platform provides security visibility insight and action across the attack surface [6] - Tenable protects approximately 44 000 customers globally from security exposure reducing business risk [6] Industry Impact - Amit Yoran's contributions to cybersecurity have left an indelible mark on both Tenable and the broader cybersecurity community [2] - His strategic vision and ability to inspire shaped Tenable's culture and mission with his legacy continuing to guide the company [3] - Prior to Tenable Amit held prominent positions including President of RSA and founding CEO of NetWitness among other leadership roles in the technology sector [3]

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 ...