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

Tenable (NASDAQ:TENB) issued its quarterly earnings data on Wednesday. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06, FiscalAI reports. Tenable had a negative net margin of 3.61% and a positive return on equity of 0.20%. The business had revenue of $260.53 million during the quarter, compared to the consensus estimate of $251.79 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. 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

Shares of Tenable stock opened at $20.54 on Friday. The business has a 50-day moving average price of $23.80 and a two-hundred day moving average price of $27.59. Tenable has a 1-year low of $19.15 and a 1-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 company has a market cap of $2.45 billion, a P/E ratio of -67.92 and a beta of 0.63.

Insider Buying and Selling

In other Tenable news, Director A Brooke Seawell sold 115,000 shares of Tenable 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 Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Tenable

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Tenable by 11.5% in the first quarter. Royal Bank of Canada now owns 124,839 shares of the company’s stock worth $4,367,000 after purchasing an additional 12,868 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Tenable by 5.6% in the 1st 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 buying an additional 17,349 shares during the period. Jane Street Group LLC increased its position in Tenable by 83.6% in the 1st quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock valued at $3,939,000 after buying an additional 51,266 shares in the last quarter. Invesco Ltd. raised its stake in Tenable by 12.9% during the 2nd quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after buying an additional 13,903 shares during the period. Finally, Amundi boosted its holdings in Tenable by 52.0% in the second quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after acquiring an additional 30,256 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Tenable from $40.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday. Zacks Research upgraded Tenable from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group dropped their price objective on shares of Tenable from $43.00 to $37.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial set a $27.00 target price on shares of Tenable in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Tenable in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.94.

Key Stories Impacting Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Q4 results and guidance beat — Q4 non‑GAAP EPS of $0.48 topped estimates and revenue of $260.5M was ~11% y/y growth; management guided Q1 EPS well above consensus and FY‑2026 non‑GAAP EPS to $1.81–$1.90, supporting the rally. MarketBeat Q4 summary
• Positive Sentiment: Share repurchase increase — company expanded its buyback authorization by $150M (total remaining authorization $338M), which is a clear capital‑return signal that can support the stock. QuiverQuant press summary
• Positive Sentiment: Product and market momentum — Tenable One (AI‑powered platform) drove record enterprise platform wins, recognition in Gartner reports and strategic hires (new CTO), which underpins longer‑term recurring revenue expansion. Yahoo Finance deep dive
• Positive Sentiment: Fundamental bull case highlighted by analysts/commentary — several coverage pieces see TENB as attractively valued (example: Seeking Alpha argues ~11–12x FY26 P/E with steady recurring revenue and buyback support). This kind of narrative can draw value‑oriented buyers. Seeking Alpha article
• Neutral Sentiment: Analyst price‑target moves are mixed — several firms trimmed targets (DA Davidson to $24, Wedbush to $32, JPMorgan to $35, TD Cowen to $38) but most maintained constructive ratings (buy/overweight/outperform), leaving a mix of near‑term caution and medium‑term upside in the street view. Benzinga roundup
• Negative Sentiment: Remaining concerns — GAAP net losses persist, cash & equivalents fell year‑over‑year, management is moving away from calculated current billings as a primary metric (reducing visibility), and recent insider selling activity was noted; these factors could cap multiple expansion or trigger caution among some investors. QuiverQuant / press release summary

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.