Tenable (NASDAQ:TENB) Releases Q3 2026 Earnings Guidance

Tenable (NASDAQ:TENB) issued an update on its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.490-0.520 for the period, compared to the consensus earnings per share 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 0.4%

Shares of TENB stock traded up $0.11 on Wednesday, reaching $31.48. 3,956,152 shares of the company’s stock were exchanged, compared to its average volume of 3,251,399. Tenable has a 52 week low of $15.73 and a 52 week high of $43.67. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $3.47 billion, a PE ratio of -314.80 and a beta of 0.93. The company’s fifty day simple moving average is $31.69 and its 200 day simple moving average is $24.43.

Tenable (NASDAQ:TENB) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The company had revenue of $268.51 million for the quarter, compared to the consensus estimate of $264.87 million. Tenable had a positive return on equity of 7.85% and a negative net margin of 1.15%.Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. As a group, analysts forecast that Tenable will post 0.49 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TENB. Barclays increased their price target on Tenable from $28.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. Stephens raised their price objective on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. UBS Group lowered Tenable from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research note on Friday, July 24th. Needham & Company LLC boosted their target price on shares of Tenable from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, TD Cowen increased their price target on shares of Tenable from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.42.

Trending Headlines about Tenable

Here are the key news stories impacting Tenable this week:

• Positive Sentiment: Raised earnings outlook: Tenable guided for third-quarter 2026 adjusted EPS of $0.49–$0.52, well above the $0.42 analyst consensus. Full-year 2026 EPS guidance of $1.95–$2.00 also exceeded the $1.66 consensus, providing a strong potential catalyst for the stock. Revenue guidance was broadly in line with expectations. Tenable guidance report
• Positive Sentiment: Quarterly earnings beat estimates: Second-quarter revenue increased 8.6% year over year to $268.5 million, exceeding expectations of $264.9 million. Adjusted EPS was $0.51 versus the $0.47 consensus estimate, while non-GAAP operating margin expanded 540 basis points to 24.7%. Operating cash flow was $44.7 million and unlevered free cash flow was $45.3 million, supporting the positive investor reaction. Tenable Announces Second Quarter 2026 Financial Results
• Positive Sentiment: AI product expansion: Tenable launched Always On Hexa AI, an autonomous exposure-remediation offering designed to continuously identify and address cybersecurity risks. The product could strengthen Tenable’s competitive position and support longer-term growth, although its near-term financial contribution remains uncertain. Tenable launches Always On Hexa AI
• Neutral Sentiment: Analyst stance remains cautious: Wells Fargo assigned Tenable a Hold rating, indicating limited conviction that the recent rally will continue despite the earnings beat and improved outlook. Tenable receives a Hold from Wells Fargo

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TENB. Royal Bank of Canada raised its position in Tenable by 11.5% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Tenable by 5.6% in 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 worth $11,436,000 after acquiring an additional 17,349 shares during the period. Jane Street Group LLC increased its stake in shares of Tenable by 83.6% in the first quarter. Jane Street Group LLC now owns 112,594 shares of the company’s stock worth $3,939,000 after acquiring an additional 51,266 shares during the period. Invesco Ltd. raised its holdings in shares of Tenable by 12.9% during the second quarter. Invesco Ltd. now owns 121,530 shares of the company’s stock worth $4,105,000 after purchasing an additional 13,903 shares during the last quarter. Finally, Amundi raised its holdings in shares of Tenable by 52.0% during the second quarter. Amundi now owns 88,405 shares of the company’s stock worth $2,974,000 after purchasing an additional 30,256 shares during the last quarter. 89.06% of the stock is currently 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.