Tenable (NASDAQ:TENB) Releases FY 2026 Earnings Guidance

Tenable (NASDAQ:TENB) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.950-2.000 for the period, compared to the consensus EPS estimate of 1.660. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Tenable also updated its Q3 2026 guidance to 0.490-0.520 EPS.

Tenable Stock Performance

Shares of Tenable stock traded up $2.21 during mid-day trading on Thursday, hitting $33.69. 5,937,015 shares of the stock were exchanged, compared to its average volume of 3,268,472. Tenable has a 12 month low of $15.73 and a 12 month high of $43.67. The company has a 50-day simple moving average of $31.81 and a 200 day simple moving average of $24.49. The company has a market capitalization of $3.72 billion, a P/E ratio of -337.45 and a beta of 0.93. 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 (NASDAQ:TENB) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $268.51 million during 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’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS. Sell-side analysts anticipate that Tenable will post 0.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TENB shares. Barclays lowered their price target on shares of Tenable from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday. Stephens upped their price target on Tenable from $24.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered Tenable from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 24th. William Blair downgraded shares of Tenable from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley set a $27.00 price target on shares of Tenable in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.68.

Key Tenable News

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

A number of large investors have recently modified their holdings of the business. Quarry LP bought a new position in shares of Tenable in the third quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in Tenable in the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC purchased a new position in Tenable in the 4th quarter worth approximately $38,000. Horizon Investments LLC bought a new position in shares of Tenable in the 3rd quarter worth $45,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Tenable during the 4th quarter valued at $48,000. Institutional investors own 89.06% of the company’s stock.

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.