Tenable Holdings - TENB STOCK NEWS

Tenable (TENB) has announced two new Identity Exposure capabilities: Identity 360 and Exposure Center, designed to combat identity sprawl security challenges. These tools provide unified visibility across identity providers and help organizations identify and remediate identity-based security risks.

The new features offer 360-degree visibility into accounts, weaknesses, entitlements, roles, groups, and relationships across Active Directory and Entra ID. Key functionalities include centralized weakness management with detailed remediation steps, PowerShell scripts, and an AI-driven Identity Asset Exposure Score (AES) for prioritizing critical threats.

According to cited research, 75% of organizations currently manage two or more identity solutions, highlighting the growing complexity of identity security management that these new capabilities aim to address.

Tenable Holdings (NASDAQ: TENB) has completed its acquisition of Vulcan Cyber, enhancing its Exposure Management platform capabilities. The integration aims to provide comprehensive visibility, prioritization, and remediation across the entire attack surface.

The company has provided its financial outlook for Q1 2025, projecting revenue between $233.0-235.0 million, non-GAAP operating income of $40.0-42.0 million, and non-GAAP net income of $32.0-34.0 million. For full-year 2025, Tenable expects calculated current billings of $1.045-1.060 billion, revenue of $975.0-985.0 million, and non-GAAP operating income of $205.0-215.0 million. The company forecasts unlevered free cash flow between $265.0-275.0 million.

Tenable (TENB) reported strong Q4 and full-year 2024 financial results. Q4 revenue reached $235.7 million, up 11% year-over-year, while full-year revenue grew 13% to $900.0 million. Q4 calculated current billings increased 11% to $302.2 million.

The company achieved significant improvements in profitability, with Q4 GAAP income from operations at $13.0 million compared to a loss of $14.3 million in Q4 2023. Full-year unlevered free cash flow was $237.8 million, with net cash from operations at $217.5 million.

Notable achievements include adding 485 new enterprise platform customers and 135 net new six-figure customers. The company announced plans to acquire Vulcan Cyber and launched Tenable Patch Management. For 2025, Tenable projects revenue between $971.0-981.0 million and calculated current billings of $1.040-1.055 billion.

Tenable (TENB) has announced plans to acquire Vulcan Cyber for approximately $147 million in cash and $3 million in RSUs. The acquisition, expected to close in Q1 2025, aims to enhance Tenable's Exposure Management platform by integrating Vulcan Cyber's capabilities.

The integration will expand Tenable One platform with enhanced visibility, extended third-party data flows, risk prioritization, and optimized remediation. Key improvements include integration with over 100 security products, AI-powered risk prioritization, and automated remediation workflows.

The acquisition will enable organizations to consolidate exposures across their security stack, prioritize risks, and streamline remediation efforts across the entire attack surface. This unified approach aims to address the challenge of fragmented security tools and provide a comprehensive view of cyber risks.

Tenable has been recognized as one of CRN's 2025 Cloud 100 Companies for the second consecutive year, securing a position among the top 20 cloud security companies. The recognition highlights Tenable's commitment to channel partnerships and cloud innovation across five categories: infrastructure, management, security, software, and storage.

Tenable Cloud Security platform addresses cloud risks through its cloud native application protection platform (CNAPP), which focuses on identifying and resolving security gaps caused by misconfigurations, risky entitlements, vulnerabilities, and permissive access. The platform incorporates data security posture management (DSPM) and artificial intelligence security posture management (AI-SPM) features to enhance its exposure management capabilities, specifically targeting emerging threats in cloud data and AI resources.

According to Jeff Brooks, SVP of Global Channels and Business Development, Tenable maintains a complete focus on empowering partners to guide customers through their cloud security journey, emphasizing collaborative efforts in building robust exposure management programs.

Tenable (NASDAQ: TENB) has scheduled its fourth quarter and full year 2024 earnings conference call for Wednesday, February 5, 2025, at 4:30 p.m. ET, following the U.S. market close. The exposure management company will present financial results for the period ended December 31, 2024.

Investors can access the conference call through a live webcast on Tenable's Investor Relations website or via telephone, with domestic callers using 1-877-407-9716 and international callers using 1-201-493-6779. A webcast replay will remain available until February 19, 2025.

Tenable Holdings (TENB) announced the unexpected passing of Chairman and CEO Amit Yoran, who had been battling cancer. Yoran, who joined as CEO in 2016, led the company through significant growth, including its IPO in 2018. Following his medical leave beginning December 5, 2024, CFO Steve Vintz and COO Mark Thurmond were appointed as Co-CEOs.

The Board, with Art Coviello serving as Chairman, will conduct a CEO search considering both internal and external candidates. The company expects to meet or exceed its Q4 and full-year financial guidance provided on October 30, 2024.

Tenable has announced new features for its Security Center, enhancing vulnerability management capabilities for on-premises environments. The update includes Tenable Vulnerability Intelligence, providing contextualized vulnerability data to identify and address critical security risks.

Key new features include:

• Threat Landscape Overview with curated categories for proactive threat monitoring
• Natural Language and Advanced Search capabilities for CVE analysis
• Expanded Web Application Scan Scaling supporting thousands of web applications
• Support for CVSSv4 and EPSS vulnerability prioritization models

The solution aims to streamline vulnerability analysis and response processes, offering organizations enhanced visibility and threat context for their on-premises security management needs.

Tenable has announced the release of Tenable Patch Management, an autonomous patch solution developed through a strategic partnership with Adaptiva. The new solution addresses critical vulnerability remediation challenges, as only 11% of organizations report efficient vulnerability remediation processes.

The integrated solution combines Adaptiva's autonomous patch functionality with Tenable's vulnerability coverage and threat intelligence, enabling automated correlation of vulnerabilities to available patches. Key features include automated patching with customizable controls, automatic validation of remediation success, and compliance status monitoring.

This development comes as attackers' average time-to-exploitation has decreased from 32 to 5 days, highlighting the urgent need for efficient patch management solutions.