Tenable (NASDAQ:TENB) Releases Q3 2026 Earnings Guidance

Tenable (NASDAQ:TENB) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.490-0.520 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $270.0 million-$273.0 million, compared to the consensus revenue estimate of $270.2 million. Tenable also updated its FY 2026 guidance to 1.950-2.000 EPS.

Tenable Trading Up 4.3%

Shares of TENB traded up $1.35 during mid-day trading on Thursday, reaching $32.83. 6,171,415 shares of the company were exchanged, compared to its average volume of 3,268,472. The stock has a market capitalization of $3.62 billion, a PE ratio of -330.63 and a beta of 0.93. The business has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $24.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67.

Tenable (NASDAQ:TENB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Tenable had a negative net margin of 1.15% and a positive return on equity of 7.85%. The firm had revenue of $268.51 million during the quarter, compared to analyst estimates of $264.87 million. During the same quarter last year, the business earned $0.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. On average, analysts predict that Tenable will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TENB has been the topic of a number of research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $36.00 price target (up from $26.00) on shares of Tenable in a research report on Thursday. Scotiabank upgraded Tenable from a “sector perform” rating to a “sector outperform” rating and set a $50.00 target price for the company in a report on Monday, July 6th. Wells Fargo & Company cut their price target on Tenable from $43.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday. Needham & Company LLC lifted their price objective on shares of Tenable from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wall Street Zen lowered shares of Tenable from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.68.

Tenable News Summary

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Tenable reported adjusted earnings of $0.51 per share, above the $0.47 consensus estimate, while revenue rose 8.6% year over year to $268.5 million, surpassing expectations of $264.9 million. Non-GAAP operating margin expanded to 24.7%, and operating cash flow totaled $44.7 million. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its earnings outlook. Tenable forecast third-quarter 2026 EPS of $0.49–$0.52, well above the $0.42 analyst consensus, and set full-year EPS guidance at $1.95–$2.00 versus consensus of $1.66. The improved outlook provides a significant catalyst for the stock, although full-year revenue guidance was broadly in line with expectations.
• Positive Sentiment: Product momentum supported the outlook. Coverage highlighted record adoption of Tenable One, customer expansion and growing interest in AI capabilities, including the company’s Always On Hexa AI platform for autonomous exposure remediation. Tenable Q2 Earnings Beat on Tenable One Momentum, Outlook Raised
• Neutral Sentiment: Analyst views remain divided. Needham and Canaccord Genuity raised their price targets to $36 and assigned buy ratings, while Wells Fargo reduced its target to $35 and maintained an equal-weight rating. The varying targets suggest analysts see improving fundamentals but limited near-term upside after the recent rally.
• Negative Sentiment: Truist became more cautious. Truist cut its price target from $40 to $30 and changed its view to hold, implying downside from the current trading level. This creates an offsetting pressure on TENB and highlights valuation concerns despite the strong earnings report.

Institutional Trading of Tenable

Several institutional investors and hedge funds have recently modified their holdings of TENB. Royal Bank of Canada grew its holdings in Tenable by 11.5% during the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after buying an additional 12,868 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Tenable by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 326,924 shares of the company’s stock valued at $11,436,000 after purchasing an additional 17,349 shares in the last quarter. Jane Street Group LLC boosted its holdings in Tenable by 83.6% during the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after purchasing an additional 51,266 shares during the last quarter. Invesco Ltd. increased its stake in Tenable by 12.9% in the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock valued at $4,105,000 after buying an additional 13,903 shares during the last quarter. Finally, Amundi lifted its position in shares of Tenable by 52.0% during the 2nd quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after buying an additional 30,256 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

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.