Tenable (NASDAQ:TENB) Issues Q1 2026 Earnings Guidance

Tenable (NASDAQ:TENB) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.390-0.420 for the period, compared to the consensus EPS estimate of 0.260. The company issued revenue guidance of $257.0 million-$260.0 million, compared to the consensus revenue estimate of $256.3 million. Tenable also updated its FY 2026 guidance to 1.810-1.900 EPS.

Tenable Trading Up 7.3%

TENB stock traded up $1.44 during trading on Friday, hitting $21.20. The company had a trading volume of 4,228,822 shares, compared to its average volume of 2,375,220. The stock has a market cap of $2.53 billion, a PE ratio of -70.65 and a beta of 0.63. Tenable has a one year low of $19.15 and a one year high of $41.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average of $23.80 and a 200-day moving average of $27.59.

Tenable (NASDAQ:TENB) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $260.53 million during the quarter, compared to analysts’ expectations of $251.79 million. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. Tenable’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. Tenable has set its FY 2026 guidance at 1.810-1.900 EPS and its Q1 2026 guidance at 0.390-0.420 EPS. Research analysts predict that Tenable will post 0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TENB. Weiss Ratings reissued a “sell (e+)” rating on shares of Tenable in a research note on Thursday, January 22nd. Truist Financial set a $27.00 price target on shares of Tenable in a research report on Tuesday, January 20th. Scotiabank cut their price objective on shares of Tenable from $31.00 to $23.00 and set a “sector perform” rating on the stock in a report on Thursday. Piper Sandler reduced their target price on Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Tenable has an average rating of “Moderate Buy” and an average target price of $31.94.

Insider Activity at Tenable

In other news, Director A Brooke Seawell sold 115,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.82, for a total value of $2,854,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Key Headlines Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 beat and raised guidance — Tenable reported Q4 revenue $260.5M (+11% y/y) and non‑GAAP EPS $0.48 (above consensus). Management issued Q1 EPS guidance of $0.39–$0.42 and FY26 non‑GAAP EPS $1.81–$1.90, both well above street expectations, which supports upside to earnings and multiple re‑rating. Tenable Reports Strong Q4 and Full Year 2025 Financial Results
• Positive Sentiment: Buybacks and cash generation — Company increased share‑repurchase authorization by $150M (total $338M) and repurchased shares in 2025, signaling confidence and supporting EPS per‑share upside. Repurchase Authorization Article
• Positive Sentiment: AI/platform momentum — Management highlighted Tenable One and AI‑driven wins (record enterprise platform customer additions, Gartner recognition), a key growth narrative that investors are rewarding as customers consolidate security tooling. TENB Q4 Deep Dive: AI Security Demand
• Neutral Sentiment: Mixed analyst moves — Several shops trimmed targets (DA Davidson $25→$24 neutral; JPMorgan $40→$35 overweight; TD Cowen $45→$38 buy; Wedbush $42→$32 outperform) while Needham reaffirmed buy at $28. Targets still imply notable upside but the cuts reflect more conservative near‑term assumptions. Analyst Price Target Changes
• Neutral Sentiment: Bull case / valuation write‑ups — Independent analysis (Seeking Alpha) frames TENB as deep value at ~12x FY26 P/E given recurring revenue and cash flow — a viewpoint that can attract value investors but depends on execution against guidance. Tenable: Deep Value At 12x P/E
• Negative Sentiment: GAAP loss and cash decline — Despite non‑GAAP profits, Tenable reported a GAAP net loss and cash & short‑term investments fell from ~$577M to ~$402M Y/Y, which could raise liquidity or margin concerns if growth stalls. Financial Results & Cash Trends
• Negative Sentiment: Insider selling and remaining execution risk — Recent insider sales and the company’s remarks about billing‑duration distortions (transition to annual installment billing) add uncertainty to short‑term billings visibility and investor sentiment. Insider & Execution Notes

Hedge Funds Weigh In On Tenable

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in Tenable by 11.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,179,473 shares of the company’s stock valued at $209,354,000 after purchasing an additional 713,291 shares during the last quarter. Shapiro Capital Management LLC increased its stake in shares of Tenable by 38.8% during the third quarter. Shapiro Capital Management LLC now owns 3,612,353 shares of the company’s stock valued at $105,336,000 after buying an additional 1,010,230 shares during the period. State Street Corp raised its holdings in shares of Tenable by 1.4% during the second quarter. State Street Corp now owns 3,056,055 shares of the company’s stock valued at $103,234,000 after acquiring an additional 43,098 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Tenable by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,687,088 shares of the company’s stock worth $49,205,000 after acquiring an additional 21,222 shares during the period. Finally, Marshall Wace LLP lifted its stake in Tenable by 26.5% in the third quarter. Marshall Wace LLP now owns 1,565,271 shares of the company’s stock worth $45,643,000 after acquiring an additional 328,098 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable’s product suite is Nessus, one of the industry’s most widely adopted vulnerability scanners.