Tenable Holdings

TENB

Market cap $3.17B

Tenable Holdings remains a buy, as continued revenue and profit growth have made its valuation even more attractive after a recent price drop. TENB delivered a strong Q3 with double-digit revenue growth, improved profitability, and operating leverage, despite some softness in Q4 guidance. Stock-based compensation is declining as a percentage of revenue, and aggressive share repurchases are helping mitigate dilution and support EPS growth.

Tenable is a specialist in the exposure management segment of the cybersecurity industry The company offers a platform called Tenable One that aggregates many of its best products, including some powered by artificial intelligence. Tenable stock trades at a very steep discount to some of its peers in the cybersecurity industry, which could spell opportunity for investors.

Tenable Holdings stands out as an attractive mid-cap software investment after a ~20% decline this year. TENB's Q3 results showed stable ~10% growth and a modest beat-and-raise, making the recent dip a compelling buying opportunity. The company's exposure management and cyber vulnerability tools offer broad industry applicability and resilience against AI disruption.

Tenable Holdings, Inc. ( TENB ) Q3 2025 Earnings Call October 29, 2025 4:30 PM EDT Company Participants Erin Karney - Senior Director of IR Stephen Vintz - Co-CEO & Director Mark Thurmond - Co-CEO Matthew Brown - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Bank PLC, Research Division Brian Essex - JPMorgan Chase & Co, Research Division Michael Cikos - Needham & Company, LLC, Research Division Robbie Owens - Piper Sandler & Co., Research Division Meta Marshall - Morgan Stanley, Research Division Jonathan Ho - William Blair & Company L.L.C., Research Division Joseph Gallo - Jefferies LLC, Research Division William Vandrick - Scotiabank Global Banking and Markets, Research Division Roger Boyd - UBS Investment Bank, Research Division Joshua Tilton - Wolfe Research, LLC Adam Borg - Stifel, Nicolaus & Company, Incorporated, Research Division Jonathan Ruykhaver - Cantor Fitzgerald & Co., Research Division Todd Weller - Stephens Inc., Research Division Junaid Siddiqui - Truist Securities, Inc., Research Division Shrenik Kothari - Robert W.

The headline numbers for Tenable (TENB) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Tenable (TENB) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.32 per share a year ago.

Tenable Exceeds Q3 Revenue and Profit Expectations, Raises Full-Year Outlook Revenue of $252.4 million, year-over-year growth of 11% Calculated current billings growth of 8% year-over-year GAAP operating margin of 2.8%; Non-GAAP operating margin of 23.3%, year-over-year increase of 350 basis points COLUMBIA, Md., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the exposure management company, today announced financial results for the quarter ended September 30, 2025.

Tenable Holdings (TENB) is positioned as a leader in exposure management, evolving from vulnerability scanning to a comprehensive cybersecurity platform. TENB demonstrates double-digit revenue growth, strong recurring revenue, and improving non-GAAP profitability, but faces high stock-based compensation and stiff competition. The stock trades near 52-week lows and appears undervalued versus peers, offering potential upside, especially if operational efficiency and margin expansion continue.

Tenable Holdings offers strong cash earnings growth, expanding margins, and a strategic position in the cybersecurity sector. TENB is attractively valued versus peers, with a 0.7x PEG and a consensus price target of $40, rising to $50 by 2028. Consistent revenue growth, positive cash margins, and acquisition potential make TENB a compelling small-cap investment.

COLUMBIA, Md., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Tenable® (NASDAQ: TENB), the exposure management company , today announced that it has been ranked first for 2024 worldwide market share in the IDC Worldwide Device Vulnerability and Exposure Management Market Shares (doc #US53330526, August 2025) report.