Financial Performance - Q1 2025 revenue reached $239.1 million[12] - Q1 2025 unlevered free cash flow was $86.8 million[12] - Q1 2025 non-GAAP gross margin was 82%[12] - Q1 2025 recurring revenue was 96%[12] - The company forecasts revenue between $970 million and $980 million for the full year 2025[52] - The company forecasts unlevered free cash flow between $265 million and $275 million for the full year 2025[52] Market Position and Growth - The company is a category leader in Exposure Management[11] - The company has approximately 44,000 customers[12] - The company is ranked 1 in market share in Vulnerability Management[12, 23] - The total addressable market for cyber exposure is estimated at $33 billion with an 18% CAGR[29]

COLUMBIA, Md., June 30, 2025 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced it has been named a Major Player in the debut IDC MarketScape: Worldwide Cloud-Native Application Protection Platform (CNAPP) 2025 Vendor Assessment (doc # US53549925, June 2025). Tenable's position as a Major Player in the IDC MarketScape is based on a comprehensive evaluation of its capabilities and strategies. The assessment criteria include structured discussions, interviews with market leaders, a ...

COLUMBIA, Md., June 16, 2025 (GLOBE NEWSWIRE) -- Tenable®, the exposure management company, today announced that Tenable Vulnerability Management has been recognized with a prestigious 2025 Globee® Award for AI-Powered Vulnerability Management. This latest accolade underscores Tenable's market leadership, delivering advanced exposure management solutions that revolutionize the way organizations identify, prioritize and remediate cyber risk. “This achievement is a testament to Tenable's commitment to innovat ...

Tenable (TENB) FY Conference June 10, 2025 01:10 PM ET Speaker0 Okay. Thank you for joining us. My name is Rudy Kessinger, security and infrastructure software here at D. A. Davidson. With us from Tenable, have co CEO, Mark Thurman Mhmm. SVP of FP and A, Chris Fritz. You guys for joining us. Speaker1 Our pleasure. For sure. Great. Thanks for having Speaker0 us. Mark, I think if you could start off by giving just quick overview of Tenable and maybe what I don't know if you guys call it this, maybe kind of Te ...

Core Viewpoint - Tenable Holdings, Inc. intends to acquire Apex Security, Inc. to enhance its capabilities in managing cyber risks associated with the expanding AI attack surface [1][5]. Group 1: Acquisition Details - The acquisition aims to strengthen Tenable's ability to help organizations identify and mitigate cyber risks in an AI-driven environment [1]. - Apex Security, founded in 2023, has gained attention from notable investors and is recognized for its innovative approach to securing AI usage [3]. - The financial terms of the acquisition have not been disclosed, and the deal is expected to close later this quarter [5]. Group 2: Industry Context - The rapid expansion of generative AI tools and autonomous systems is increasing the attack surface, introducing new risks such as shadow AI applications and AI-generated code [2]. - Tenable's existing product, Tenable AI Aware, already assists thousands of organizations in detecting and assessing AI usage, and the addition of Apex's capabilities will enhance governance and policy enforcement [2][3]. - The integration of Apex's offerings into Tenable One is anticipated to deliver comprehensive exposure management solutions in the second half of 2025 [5]. Group 3: Strategic Implications - Tenable's strategy focuses on staying ahead of attack surface expansion by not only managing exposures but also eliminating them proactively [3]. - The acquisition aligns with the industry's trend of treating AI risks as part of broader exposure management rather than in isolation [4]. - The collaboration is expected to provide security teams with the necessary visibility and control to manage AI-generated exposure effectively [3][4].

Core Insights - Tenable has introduced significant enhancements to its flagship platform, Tenable One, including Tenable One Connectors and customizable risk dashboards, aimed at providing a comprehensive exposure management solution [1][6] - The platform addresses the challenges posed by the fragmented security landscape, where organizations typically manage an average of 83 disconnected tools, leading to operational inefficiencies and blind spots [2][6] - Tenable One integrates data from both native and third-party security tools, offering a unified view of organizational risk and enabling faster, smarter security decisions [3][4] Product Features - The new ecosystem of out-of-the-box Connectors allows seamless integration with various third-party tools, enhancing endpoint detection, cloud security, and vulnerability management [3] - The Tenable Exposure Data Fabric serves as the platform's scalable, cloud-native architecture, which normalizes and connects data across the security ecosystem [4] - Customizable risk dashboards are designed to streamline reporting processes, providing security teams with tailored insights that align with specific business roles and priorities [5] Market Context - The cybersecurity market is characterized by a saturation of point solutions that operate in isolation, which can hinder security efforts and leave organizations vulnerable [6] - Tenable's acquisition of Vulcan Cyber is highlighted as a strategic move to enhance its capabilities in the exposure management market, reinforcing its commitment to providing comprehensive security solutions [6][8]

Group 1: Cybersecurity Industry Overview - Cybercrime has become a multi-trillion dollar issue, with its scope reportedly tripling over the past decade, making cybersecurity spending essential for businesses despite economic uncertainties [1] - The cybersecurity industry is expected to remain resilient as businesses prioritize protection against financial and reputational damage from breaches [13] Group 2: Company Profile - Tenable - Tenable is a leader in vulnerability management, focusing on proactive cybersecurity to help businesses address network weaknesses before exploitation [2] - The company has a market capitalization of approximately $3.7 billion, positioning it as one of the more affordable stocks in the cybersecurity sector [3] Group 3: Product Portfolio and Innovation - Tenable's Nessus platform is the most widely deployed vulnerability assessment solution, capable of identifying over 99,000 vulnerabilities with high accuracy and low false positive rates [5] - The launch of the Tenable One platform in 2022 integrates various cybersecurity products into a comprehensive exposure management solution, leveraging AI for vulnerability identification and risk assessment [6][7] Group 4: Financial Performance - In the first quarter of 2025, Tenable reported revenue of $239.1 million, an 11% increase year-over-year, surpassing management's forecast of $233 million [9] - Non-GAAP earnings per share for the quarter were $0.36, reflecting a 44% growth compared to the previous year, although the company reported a GAAP loss of $22.9 million due to stock-based compensation and acquisition costs [10][11] Group 5: Future Outlook and Market Potential - Management has slightly revised down its full-year revenue estimate from $976 million to $975 million and adjusted non-GAAP earnings-per-share guidance from $1.56 to $1.48 [12] - Tenable's stock is trading at a price-to-sales ratio of 4, making it cheaper than many peers, despite slower revenue growth compared to competitors like CrowdStrike [14][16] - The company is experiencing increased success in acquiring high-value customers, with plans to launch a new version of Tenable One that could enhance its market position [17] - Tenable has significant growth potential within its estimated $33 billion addressable market, particularly with the Tenable One platform attracting higher-spending clients [18]

Group 1 - The analyst previously had a buy rating on Tenable (TENB) due to strong demand and traction for Tenable One but has now downgraded to a hold rating [1] - The analyst's investment background includes fundamental, technical, and momentum investing, utilizing positive aspects from each approach to refine the investment process [1] - The purpose of writing on Seeking Alpha is to track investment ideas' performance and connect with like-minded investors [1] Group 2 - There is no stock, option, or similar derivative position in any of the companies mentioned, nor plans to initiate any such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation other than from Seeking Alpha [2] - Seeking Alpha does not guarantee past performance as an indicator of future results and does not provide specific investment recommendations [3]

Core Insights - Tenable Holdings, Inc. reported strong financial results for Q1 2025, with revenue of $239.1 million, an 11% increase year-over-year, and calculated current billings of $215.4 million, up 9% year-over-year [6][7][34]. Financial Highlights - Revenue for Q1 2025 was $239.1 million, compared to $215.9 million in Q1 2024 [6][24]. - GAAP operating margin was (7)%, while Non-GAAP operating margin was 20% [6][39]. - Net cash provided by operating activities was $87.4 million, an increase from $50.3 million in Q1 2024 [6][32]. - Unlevered free cash flow reached $86.8 million, up from $54.7 million in the same quarter last year [6][34]. Business Developments - The company added 361 new enterprise platform customers and 54 net new six-figure customers during the quarter [6][7]. - Tenable completed the acquisition of Vulcan Cyber Ltd., enhancing its exposure management platform [6][7]. - The company released new capabilities, Identity 360 and Exposure Center, aimed at addressing identity risks [6][7]. Financial Outlook - For Q2 2025, Tenable expects revenue in the range of $241.0 million to $243.0 million [5]. - For the year ending December 31, 2025, the company anticipates revenue between $970.0 million and $980.0 million [11]. Market Position - Tenable serves approximately 44,000 customers globally, focusing on reducing cybersecurity risks through its AI-powered exposure management platform [9].

At Tenable, Doerr will lead the company's global product organization, overseeing strategy, innovation and execution across its growing cybersecurity portfolio. His appointment comes at a pivotal moment, as Tenable prepares to launch a significantly expanded version of its Tenable One platform—designed to deliver the most comprehensive exposure management capabilities in the industry. It also coincides with Tenable's demonstrated momentum in cloud security. COLUMBIA, Md., April 29, 2025 (GLOBE NEWSWIRE) -- ...