Tenable (NasdaqGS:TENB) Q3 2025 Earnings Call October 29, 2025 04:30 PM ET Company ParticipantsJoseph Gallo - SVPJonathan Ho - PartnerShrenik Kothari - Sector Head DirectorErin Carney - VP of Investor RelationsSaket Kalia - Managing DirectorJoshua Tilton - DirectorMatt Brown - CFOMeta Marshall - Managing DirectorGray Powell - Managing DirectorJohnathan Ruykhaver - Managing DirectorMark Thurmond - Co-CEOJoe Vandrick - Equity Research Associate DirectorSteve Vintz - Co-CEOAdam Borg - Managing Director of Equi ...

Tenable (NasdaqGS:TENB) Q3 2025 Earnings Call October 29, 2025 04:30 PM ET Speaker6Greetings and welcome to the Q3 2025 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Erin Carney, Vice Preside ...

Business Overview - Tenable offers a unique approach to a secular growth opportunity in Exposure Management[10] - The company's platform unifies data across network, cloud, Identity, OT, and DevOps environments[10] - AI-driven analytics are used for prioritization and benchmarking[10] - Tenable One is designed to be a comprehensive Exposure Management Platform[17] Market Opportunity & Competitive Position - Exposure Management represents a $50 billion market opportunity[25] - Tenable holds the 1 market share at 26.6% in the Worldwide Device Vulnerability and Exposure Management market[29] Financial Performance - Q3 2025 revenue reached $252.4 million, reflecting 11% year-over-year growth[35] - Calculated Current Billings (CCB) for Q3 2025 were $267.5 million, an 8% year-over-year increase[35] - Short-Term Remaining Performance Obligations (RPO) grew to $669 million, a 13% year-over-year increase[35] - The company anticipates full year 2025 revenue between $988 million and $992 million[54] - The company anticipates full year 2025 Calculated Current Billings between $1.040 billion and $1.048 billion[54]

Core Insights - Varonis Systems, Inc. specializes in data security and analytics, focusing on protecting enterprise data from insider threats and cyberattacks [1] - Truist Financial has set a price target of $50 for Varonis, indicating a potential upside of approximately 51.28% from its current price of $33.05 [2][6] Financial Performance - Varonis reported third-quarter earnings of $0.06 per share, an improvement from $0.01 per share in the previous year, matching the Zacks Consensus Estimate [3] - Total revenues for Varonis increased by 9.1% year over year to $161.58 million, although this was 2.71% below the Zacks Consensus Estimate [3][6] - The company has a market capitalization of approximately $3.87 billion and a trading volume of 18,010,273 shares on NASDAQ [5] Revenue Growth - A notable highlight for Varonis is the 117.7% year-over-year increase in SaaS revenues, which has helped mitigate declines in other segments [4][6] - The strong performance in SaaS offerings and the Managed Data Detection & Response platform has been a key driver of the company's overall performance [4] Consistency in Performance - Despite missing revenue estimates this quarter, Varonis has consistently surpassed Zacks Consensus Estimates in the past four quarters, achieving an average surprise of 92.86% [5][6]

Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades for FortiGate Firewalls, leading to significant stock price decline after the truth was revealed [1][2][3]. Allegations - The complaint states that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates needing upgrades [2] - It was noted that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the FortiGate products was said to have minimal business impact, as it represented only a small percentage of the company's business due to the age of the products [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Fortinet, with options to serve as lead plaintiff or remain an absent class member [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].

Core Insights - Tenable Holdings, Inc. reported better-than-expected financial results for Q3 2025, driven by strong demand for its Tenable One Exposure Management platform, reflecting a shift in the cybersecurity industry towards proactive risk management [2][6][7]. Financial Highlights - Revenue for Q3 2025 was $252.4 million, representing an 11% year-over-year growth [6][7]. - Calculated current billings reached $267.5 million, an 8% increase year-over-year [6][7]. - GAAP operating margin improved to 2.8%, compared to a loss of 0.9% in Q3 2024 [6][7]. - Non-GAAP operating margin increased to 23.3%, up 350 basis points year-over-year [6][7]. - GAAP net income was $2.3 million, a significant recovery from a loss of $9.2 million in Q3 2024 [6][7]. - Non-GAAP net income was $51.4 million, compared to $39.3 million in the same quarter last year [6][7]. Business Developments - The company added 437 new enterprise platform customers and 38 new six-figure customers during the quarter [6][7]. - Tenable launched Tenable AI Exposure, a solution aimed at managing risks associated with generative AI [6][7]. - The company was recognized as a "Leader" in Worldwide Exposure Management by IDC and Unified Vulnerability Management by Forrester [6][7]. Financial Outlook - For Q4 2025, Tenable expects revenue in the range of $249.1 million to $253.1 million [11]. - For the full year ending December 31, 2025, revenue is projected to be between $988.0 million and $992.0 million [11].

As the adoption of AI technology accelerates, the need for cybersecurity becomes increasingly evident, with cybercrime evolving into a global crisis.As more companies across industries integrate generative AI into their operations, the risk of cyberattacks is rising, leaving businesses increasingly exposed to digital threats. With corporate investments in AI rising continuously, a correlated and inevitable increase in cybersecurity spending is becoming evident.Whether we’re witnessing an AI bubble or a last ...

Netskope, Inc. (NASDAQ:NTSK) is one of the stocks Jim Cramer recently provided insights on. When a caller inquired about the company, mentioning that it recently came public, Cramer stated: “Look, there’s two cybersecurity companies. There’s CrowdStrike and there’s Palo Alto, and then there’s just everybody else. And we’re going with CrowdStrike. We’re going with Palo Alto.” Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels Netskope, Inc. (NASDAQ:NTSK) provides cl ...

Radware (NasdaqGS:RDWR) Q3 2025 Earnings Call October 29, 2025 08:30 AM ET Company ParticipantsJeff Hopson - Equity Research AssociateYisca Erez - Director of Investor RelationsGuy Avidan - CFORoy Zisapel - President and CEOConference Call ParticipantsJoseph Gallo - SVP and Software Research AnalystNone - AnalystOperatorWelcome to the Radware conference call discussing third quarter 2025 results, and thank you all for holding. At this time, all participants are in a listen-only mode. The question and answer ...

Radware (NasdaqGS:RDWR) Q3 2025 Earnings Call October 29, 2025 08:30 AM ET Company ParticipantsYisca Erez - Director of Investor RelationsGuy Avidan - CFORoy Zisapel - President and CEOConference Call ParticipantsJoseph Gallo - SVP and Software Research AnalystNone - AnalystRyan Koontz - Managing Director and Research AnalystNone - AnalystOperatorWelcome to the Radware conference call discussing third quarter 2025 results, and thank you all for holding. At this time, all participants are in a listen-only mo ...