Tenable (NASDAQ:TENB) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Tenable (NASDAQ:TENB) announced its quarterly earnings data on Wednesday. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06, FiscalAI reports. The company had revenue of $260.53 million for the quarter, compared to analysts’ expectations of $251.79 million. Tenable updated its FY 2026 guidance to 1.810-1.900 EPS and its Q1 2026 guidance to 0.390-0.420 EPS.

Here are the key takeaways from Tenable’s conference call:

• Tenable exceeded its Q4 guidance — revenue was $260.5M (10.5% YoY), full‑year revenue grew 11%, non‑GAAP operating margin was ~24%, and Tenable One represented 46% of new and expansion bookings while the company added 502 enterprise platform customers.
• Management highlighted accelerating platform and AI momentum — Tenable One now discovers AI across environments, closed its first seven‑figure AI exposure deal, and the company cites a data moat from >15,000 enterprise platform customers to drive future agentic‑AI remediation capabilities.
• Strong cash generation and capital return — $402.2M in cash and short‑term investments, $87.5M unlevered FCF in Q4, 10.6M shares repurchased for $362.4M since Nov 2023, and the board approved a $150M increase to the share‑repurchase authorization.
• 2026 outlook and metric changes — revenue guidance is $1.065B–$1.075B (≈7.1% YoY) with Q1 at $257M–$260M, and management said it will stop using CCB as a key metric due to shifting upfront‑billing patterns (though it expects full‑year CCB broadly in line with consensus).
• Near‑term headwinds from billing mix and restructuring — management expects an approximately $24M negative impact to 2026 unlevered FCF from reduced upfront multi‑year billings and restructuring, with $3.1M of restructuring recorded in Q4 and ~ $5M more expected in H1 2026.

Tenable Stock Down 1.6%

Shares of NASDAQ:TENB traded down $0.33 on Wednesday, reaching $19.72. The company had a trading volume of 4,688,469 shares, compared to its average volume of 1,919,603. The stock has a market capitalization of $2.35 billion, a P/E ratio of -73.04 and a beta of 0.63. The stock has a 50-day moving average price of $24.06 and a 200 day moving average price of $27.70. Tenable has a twelve month low of $19.55 and a twelve month high of $43.68. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

Insider Activity at Tenable

In related news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $24.82, for a total value of $2,854,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Tenable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TENB. Quarry LP acquired a new position in Tenable during the third quarter valued at approximately $25,000. Horizon Investments LLC bought a new stake in shares of Tenable during the 3rd quarter worth $45,000. Vise Technologies Inc. acquired a new position in Tenable in the 3rd quarter valued at $249,000. Cerity Partners LLC acquired a new position in Tenable in the 2nd quarter valued at $272,000. Finally, Mariner LLC bought a new position in Tenable in the 3rd quarter worth $336,000. Institutional investors and hedge funds own 89.06% of the company’s stock.

Analyst Ratings Changes

TENB has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Tenable from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, October 27th. Needham & Company LLC reduced their price objective on Tenable from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 target price on shares of Tenable in a research note on Friday. Truist Financial set a $27.00 price target on Tenable in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group reduced their price target on Tenable from $29.00 to $24.00 and set a “hold” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.41.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results topped expectations: revenue $260.5M (+11% YoY) and non‑GAAP EPS $0.48, above estimates — signal of improving commercial traction and margin expansion. Tenable Q4 Press Release
• Positive Sentiment: Aggressive guidance beat: Q1 FY26 non‑GAAP EPS guide $0.39–$0.42 (consensus ~$0.26) and FY26 non‑GAAP EPS guide $1.81–$1.90 (consensus ~$1.20). Management expects revenue ~$1.065–$1.075B for FY26 — this step-up in profitability targets is a major positive for valuation and investor expectations. Guidance Details
• Positive Sentiment: Share repurchase expansion: company raised buyback authorization by $150M (total remaining authorization ~$338M) and completed meaningful repurchases in 2025 — supports EPS and signals management confidence. Buyback Article
• Neutral Sentiment: Business momentum: added 502 new enterprise platform customers and recognition from major analysts for its AI‑powered Tenable One platform — positive operational signals but longer‑term monetization still under watch. Business Highlights
• Neutral Sentiment: Metric change: company said it will move away from relying on “calculated current billings” due to distortions from billing-duration shifts — reduces one visibility metric for some investors. Guidance & Metrics Note
• Negative Sentiment: GAAP loss and cash decline: GAAP net loss persists (full‑year net loss ~$36.1M) and cash & equivalents down versus prior year — potential concern for risk‑averse investors despite strong free cash flow. Financials
• Negative Sentiment: Insider selling activity reported and mixed analyst sentiment (some holds, a recent Zacks upgrade to strong‑buy) — insider sales can weigh on sentiment while analyst views remain mixed. Zacks Upgrade

Tenable Company Profile

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.