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

Tenable (NASDAQ:TENB) posted its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06, FiscalAI reports. The business had revenue of $260.53 million for the quarter, compared to analyst estimates 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 Performance

TENB stock traded down $0.33 during midday trading on Wednesday, hitting $19.72. The stock had a trading volume of 4,688,469 shares, compared to its average volume of 1,919,603. Tenable has a 52 week low of $19.55 and a 52 week high of $43.68. 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 stock has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $27.70. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -73.04 and a beta of 0.63.

Tenable News Summary

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TENB. Barclays cut their price target on Tenable from $33.00 to $28.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Truist Financial set a $27.00 target price on shares of Tenable in a research report on Tuesday, January 20th. Piper Sandler cut their target price on shares of Tenable from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Scotiabank decreased their price target on shares of Tenable from $37.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. Finally, DA Davidson dropped their price objective on shares of Tenable from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.41.

Insider Activity

In other news, Director A Brooke Seawell sold 115,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.82, for a total transaction of $2,854,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Tenable

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. acquired a new position in Tenable in the third quarter worth about $378,000. Danske Bank A S bought a new stake in shares of Tenable in the 3rd quarter valued at approximately $840,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Tenable by 37.6% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 616,210 shares of the company’s stock valued at $18,375,000 after purchasing an additional 168,340 shares during the period. Woodline Partners LP raised its holdings in shares of Tenable by 21.5% in the 3rd quarter. Woodline Partners LP now owns 125,092 shares of the company’s stock worth $3,648,000 after buying an additional 22,128 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Tenable during the 3rd quarter worth approximately $806,000. Institutional investors own 89.06% of the company’s stock.

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.